Petkim drops LDPE PP prices, HDPE PVC stable

08 October 2013 14:32  [Source: ICIS news]

LONDON (ICIS)--Turkish producer Petkim has decreased its low density polyethylene (LDPE) and polypropylene (PP) prices but left its high density polyethylene (HDPE) and polyvinyl chloride (PVC) offers unchanged, sources said on Tuesday.

PP offers were decreased by $25/tonne (€19/tonne), while LDPE prices were brought down by $30/tonne.

Petkim’s PP fibre offers are at $1,720/tonne FCA, and LDPE prices are down to $1,735-1,770/tonne, depending on the grade. HDPE film was at $1,650/tonne, while HDPE blowmoulding and injection prices were at $1,675/tonne. HDPE pipe was offered at $1,705/tonne.  All prices on an FCA (free carrier alongside) Aliaga cash basis.

PVC is offered unchanged at $1,190-1,220/tonne, depending on the grade.

These prices are subject to discounts and negotiation, according to market sources.

Offers of imported material are lower, and often subject to import duties, depending on the origin of the product.

HDPE from Saudi Arabia is offered at a prohibitively high price, in the mid-$1,500s/tonne CFR (cost and freight) Turkey, while some other sources remain firmly below $1,500/tonne CFR.

Imported PP is said to be offered around $1,500/tonne CFR.

PE and PP business in Turkey has been very flat in recent weeks, as the Turkish lira has weakened and cash and credit issues continue to dog the market. Little change in sentiment is expected as the market prepares for upcoming religious holidays.

($1 = €0.74)


By: Linda Naylor
+44 20 8652 3214



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

ICIS news FREE TRIAL
Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index