The ICIS Turkey PE price report is an essential information source for Turkey-based and international PE market players interested in the growing opportunities in the region.
The comprehensive weekly report provides information on import prices for commonly traded PE grades, as well as a market overview which summarises both upstream and downstream activity.
Use ICIS information to:
- Gain competitive advantage using unbiased pricing data
- Understand market dynamics in more detail
- Stay informed on supply and production movements
- Gain insight into market trends and make more informed plans
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Updated to Q4 2016
The Turkish PE market has struggled to pick up momentum during the fourth quarter of 2016 as the country continued to feel the after-effects of the failed coup attempt in July, and a dramatic slide in the lira against the US dollar during November and December.
All PE grades saw some increases during October, mainly driven by sentiment as Chinese PE prices rose sharply, particularly for low density polyethylene (LDPE), leading Turkish PE to hit levels not seen since April.
High density polyethylene (HDPE) film and blow moulding offers from Uzbekistan were still available but not to the same extent as earlier in the year, and new cargoes of linear low density polyethylene (LLDPE) and HDPE from Egyptian producer ETHYDCO started to appear in Turkey in November and December.
However, suppliers in the Middle East and in particularly Iran turned attention away from Turkey and to more lucrative markets such as China and the CIS region, where better netbacks were available.
Demand dropped towards the end of the year as the strengthening US dollar saw the lira slip to a record low of over 3.56 in early December, coinciding with a lull in buying activity in the run up to year-end.
ICIS publishes a weekly report, providing import spot prices in the Turkey PE market for low density polyethylene (LDPE), linear low density polyethylene (LLDPE) and high density polyethylene (HDPE) film grade of Middle Eastern, Indian and Iranian origin.
The report also has commentaries on prices from other regions including Europe, Egypt, Israel, central, north and southeast Asia and the US for grades such as LDPE, LLDPE, HDPE, HDPE injection moulding, HDPE blow moulding and HDPE pipe 100 and 80 grades, when available.
The report gives weekly updates on the PE feedstock market, supplemented by analysts’ predictions to give market participants the most reliable basis for trade with Turkey.
The ICIS Turkey Polyethylene (PE) price report includes:
- Coverage of low density polyethylene (LDPE), linear low density polyethylene (LLDPE) and high density polyethylene (HDPE) film grades
- Weekly assessed spot prices by country origin and duties
- Updates on duty rate changes.
- Summary of political and economic factors impacting prices
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Polyethylene. 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.
Over 25 years of reporting on key chemicals markets, including Polyethylene, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.