Petkim polypropylene polyethylene Turkey
Petkim reduced June prices of PP and LDPE in Turkey Petkim polypropylene polyethylene Turkey
MOSCOW – Turkish polymer manufacturer Petkim, the controlling shareholder of which is Azerbaijani SOCAR, lowered the prices of polypropylene (PP) and high-pressure polyethylene (LDPE) on the Turkish market on June 17, sources in the ICIS reported.
So, according to them, June PP prices were reduced by USD30 per ton, and LDPE prices – by USD20 per ton.
Petkim quotes prices on a gross basis, and they have significant discounts.
The company did not respond to a request for comment on this issue.
Import material prices are also going down this week following the price trend in China.
Earlier it was noted that the last time Petkim adjusted the prices of LDPE in Turkey in May of this year. Then prices for LDPE companies rose , but the magnitude of the increase was not reported. At the same time, the prices of PP were last changed by Petkim on March 1 of this year, then the manufacturer raised material prices by USD20 per ton.
According to the ICIS-MRC Price Review , in the Russian spot market, a slight increase in PP prices was observed in the Russian spot market, some sellers raised prices against the background of limited stocks. Petkim polypropylene polyethylene Turkey
But the hype in connection with this factor on the market was not. On the Russian LDPE market, the limited supply of the 108th LDPE has been maintained since the end of May, but there is no rush in this regard. This polyethylene continues to gradually go up, and this factor also does not stimulate demand. In other segments of LDPE, on the contrary, an excess of supply remains, and some sellers continue to lower their prices. The greatest surplus is observed in the PE segment for the production of shrink films.
Petkim Petrokimya Holding AS is a Turkish chemical company. The controlling shareholder of the company (51.39%) is owned by the State Oil Company of the Azerbaijan Republic (SOCAR). Petkim polypropylene polyethylene Turkey
The remaining shares are owned by TURCAS. The company produces polymers (PE, PP, PVC, PA), detergents, packaging, etc.
Author: Margarita Volkova