Turkey’s Petkim drops PE, PP, PVC prices

02 May 2013 12:22  [Source: ICIS news]

LONDON (ICIS)--Turkish polymer producer Petkim dropped its polyethylene (PE), polypropylene (PP) and polyvinyl chloride (PVC) prices on Thursday morning, market sources said.

PE and PP prices were decreased by $25/tonne (€19/tonne) across the board, while PVC levels fell by $10/tonne.

Petkim was not immediately available to comment, but this move came at a time when polymer prices have been falling fast because of low demand and increasing offers of imported volumes.

Petkim’s prices are said to be offered on a gross basis and are subject to discount.

Low density polyethylene (LDPE) prices in Turkey are said to be below $1,400/tonne CFR (cost and freight) for product subject to a 6.5% duty, while European LDPE prices hover around the €1,100/tonne CFR level, not subject to duty.

Petkim’s LDPE is quoted at $1,650-1,660/tonne FCA (free carrier) Aliaga, subject to undisclosed discounts.

($1 = €0.76)

By: Linda Naylor
+44 20 8652 3214

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