Turkey in 2016: Politics, economics and the impact on polymer markets

Turkey has had a turbulent time over the last 12 months, facing political and economic uncertainty, increasingly numerous and deadly terrorist attacks and an attempted coup to unseat President Recep Tayyip Erdogan and remove the ruling Justice and Development Party (AKP) from power.

Yet the country carries on – its 2015 GDP growth level was above those of Germany, the US and Saudi Arabia – and polymer and other imports keep flowing.

In the medium and long term, increased instability creates risks for a number of Turkish petrochemical markets as well as complications for the economic situation. However, there is still optimism amongst Turkish players that ‘business as usual’ can continue.

Check here for the ICIS infographic on the impact of the current situation in Turkey and view the latest free articles from ICIS news featuring Turkish petrochemicals below.

 

Infographic: Turkey’s mid-year review – PP & PE

This ICIS infographic reviews the year so far for Turkish polymers, including information on the PE and PP imports, which you can use to help better understand the Turkish markets.

Turkey ICIS price reports

Get the latest information on PP/PE spot and contract prices, imports, and production issues, as well as maintenance plans and upstream/downstream intelligence to make informed business decisions with ICIS price reports. Request more information and download a free sample price report for:

See all available reports »

Turkish Energy Hub Daily

This ICIS report offers a complete view and focus on the Turkish energy markets and provides:

  • The most comprehensive power price assessments on the market
  • Unique energy price assessments for the Gas, LNG, Power, Crude and Coal markets
  • Expert editorial commentary and rounding up market developments
  • A comprehensive source of news on energy markets across the surrounding region

News Service

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Our 24/7 news service keeps you informed of market developments, industry playersÆ activities and production changes as they happen. So you can respond quickly to events, to minimise risk and seize new opportunities for your business

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Latest Turkey petrochemicals news

Europe benzene firms on higher US values, fresh downstream supply issues raise concerns

LONDON (ICIS)--The European benzene spot market witnessed firmer prices this week with the upward trend largely based on increasing values in the US... Fri, 20 Oct 2017

Import regulations between Iran, Turkey fully cancelled

LONDON (ICIS)--Regulations requiring consulate approval of paperwork for all trade between Iran and Turkey have now been completely cancelled.,... Thu, 19 Oct 2017

China soda ash to stay firm on better demand amid easing supply

Focus article by Helen Lee SINGAPORE (ICIS)--Spot soda ash prices in China may stay firm in the coming months as an expected easing of supply... Thu, 14 Sep 2017

African PE, PP prices buck global trend

LONDON (ICIS)--Polyethylene (PE) and polypropylene (PP) prices are currently rising in most regions around the world. Asian prices have been... Thu, 07 Sep 2017

Low-cost ethylene allows INEOS to tap into Europe VAM deficit with new plant - exec

LONDON (ICIS)--INEOS’ return to the European vinyl acetate monomer (VAM) market, four years after closing its UK plant, makes sense after global and... Wed, 06 Sep 2017

Turkish PE, PP prices keep climbing following Asian trend

LONDON (ICIS)--Turkish polyethylene (PE) and polypropylene (PP) prices have continued to rise this week, breaking a slump that began in March,... Fri, 11 Aug 2017

European PE, PP buyers face upward pressure on eve of new capacity start-ups

LONDON (ICIS)--Polyethylene (PE) and polypropylene (PP) buyers in Europe are facing some upward pricing pressure even as new PE capacity comes on... Wed, 09 Aug 2017

BASF’s chems growth to slow in H2, firm eyes battery market

LONDON (ICIS)--BASF's healthy growth in chemicals earnings during the first half of the year is unlikely to continue to the end of 2017, the German... Thu, 27 Jul 2017

Europe top stories: weekly summary

LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 16 July. Turkey PE, PP markets expected to remain steady... Mon, 17 Jul 2017

Turkey PE, PP markets expected to remain steady throughout July

LONDON (ICIS)--Players in the Turkish polyethylene (PE) and polypropylene (PP) markets have seen little change in dynamics in July, with expectations... Fri, 14 Jul 2017