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 2018
Supply levels to Turkey were impeded by holiday periods, global tightness and reduced allocations of import material. The Eid ul-Adha festival saw Middle East production shut down for a period in August. Global supplies of polypropylene are under pressure because of a lack of new capacities. Climbing global demand has therefore results in a supply deficit. Supply in Turkey has mostly been in balance due to low demand levels. Import allocations to Turkey have been cut due to poor demand.
The instability of the Turkish lira severely limited business activity over the third quarter. This reached a nadir in September with some companies having to declare bankruptcy. The value of the lira against the US dollar dropped throughout the quarter as the Turkish central bank appeared to be under direct influence of President Erdogan. An interest rate rise, in September, stalled the fall but the lira remains weak. The higher interests are also proving punishing for struggling businesses.
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.
Over 25 years of reporting on key chemicals markets, including Polypropylene, 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.