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)
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