In this report, ICIS experts put Turkey’s polypropylene (PP) market under the spotlight - covering the Turkish PP market in significant detail.
The ICIS Turkey Polypropylene (PP) price report gives producers, traders and analysts unrivalled depth of insight into the region.
Use ICIS information to:
- Gain competitive advantage for the region
- Assess the impact of upstream and downstream market variations
- Gain a clearer understanding of market dynamics
- Keep track of production news
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We offer the following regional Polypropylene coverage to keep you informed of factors and developments affecting prices in the Turkey Polypropylene marketplace.
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Updated to Q3 2016
The Turkish PP market in the third quarter was dominated by the fallout of the failed coup attempt in the country on 15 July, which created huge uncertainty in terms of prices, demand and general economic conditions.
July prices rose in the beginning of the month following restocking after the end of the religious fasting month of Ramadan. However, the increases were less than expected, and price discussions came to a halt at the end of the first week of trading due to the coup attempt.
Sellers were reluctant to sell to the market because of concerns that the companies they were selling to could be under investigation by the government because of suspected links to the coup attempt. Month-on-month exports dropped 28% from June to July, and producers in Iran and the Middle East actively sought out buyers in alternative markets.
September saw some higher offers accepted by buyers, but market sentiment remained cautious and buying activity muted because of the week-long Bayram holiday. Expectations of a recovery in demand post-holiday did not materialise as buyers waited for October offers to emerge.
The ICIS Turkey Polypropylene (PP) Price Report provides weekly assessed import prices for raffia and fibre grades broken down by country of origin and duties. It also reviews prices from other regions including Europe, Egypt, Israel, central, north and southeast Asia and the US for grades such as raffia, fibre, homopolymer injection moulding, copolymer, and BOPP, when available.
A comprehensive market overview is also included for you to understand the impact of relevant upstream and downstream markets on prices.
This detailed weekly report helps PP producers, traders and end-users stay up-to-date, whether they are trading in or with Turkey. It is a reliable source of market data and provides Turkey-specific import prices to underpin contract negotiations. Subscribers will gain an accurate understanding of PP market dynamics in Turkey as well as its position in an international context. Commentary segmented by country and import duty groups further clarifies key market drivers and their impact on the Turkish market.
The ICIS Turkey PP price report includes:
- Assessed spot prices of key grades (homopolymer raffia and homopolymer fibre), by country origin and import duties
- Updates on duty rate changes
- Turkey-specific upstream and downstream updates
- Production news updates (local and overseas)
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Polypropylene. Our extensive experience in price reporting means we can offer you access to historical data dating back more than 20 years for certain commodities.
Our time series of pricing data enables you to build and model trends, to get a view of where markets might be heading. The data service includes charting functionality, allowing you to chart and download multiple data series for manipulation in your own internal models. You can also export data to Excel via the ICIS dashboard service.
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ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
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