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Turkish players: PP raffia is more limited than fibre

by ChemOrbis Editorial Team -
  • 12/06/2017 (18:19)
In Turkey, PP prices bottomed out by late May before the market started to firm up supported by returning demand. Although the global softening as well as volatile crude prices pulled spot naphtha and propylene costs down, PP prices have been somewhat firmer since then and supply is considered limited particularly for PP raffia.

That’s why the gap between import PP raffia and fibre markets has been steadily narrowing since the middle of May. The delta was down to around $35/ton recently when compared to nearly $75/ton at the start of May, according to the graph below from the average of Turkey ChemOrbis Index.

A trader stated, “Homo PP raffia from Iran has been tight for some time while fibre is sufficient. Therefore, these products are trading closer to each other in the recent couple of weeks.” A buyer similarly commented, “The domestic producer Petkim is said to be having relatively limited availability for MH 418, which also supported the firmer sentiment for PP this month.”
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