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)
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