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

India may turn into net PE exporter in H2 as new plants start up

...the western state of Gujarat, market sources said on Thursday. The possible target export markets are China, Turkey, Africa and southeast Asia as India’s... Thu, 16 Feb 2017

Europe PP prices at highest level since October 2015, in line with global trend

...big upward hit, suggesting the 6-7 cts/lb nominations in the propylene contract could be a minimum hike for the downstream PP market. Prices in Turkey... Mon, 13 Feb 2017

Tight Asia supply impacts global chains

...in other chemical markets, with an increase in requests for European product from buyers in the Middle East, India, Turkey, South America and other areas... Thu, 09 Feb 2017

Market outlook: Africa polymers attract interest

...price levels in the Chinese and Asia-Pacific markets have attracted material away from several markets such as Turkey and Africa, with producers taking... Thu, 02 Feb 2017

Low chem stocks could stem annual post-Lunar New Year exports to Europe

...markets, with an increase in requests for European product from buyers in the Middle East, India, Turkey, South America and other areas where Chinese producers... Tue, 31 Jan 2017

Europe top stories: weekly summary

...Index (IPEX) up strongly in December and to its highest point since July 2015, data showed on Monday. OUTLOOK ‘17: Turkey PP market faces uncertain... Mon, 16 Jan 2017

OUTLOOK '17: The calm before the storm for European caustic soda

...and December. This is a possible source of material to fill any gaps in availability which has been long speculated about by market players. Turkey is... Wed, 11 Jan 2017

OUTLOOK ‘17: Turkey PP market faces uncertain start to the year

...those in China in order to make suppliers consider Turkey as an attractive alternative. The good news for Turkey is that Chinese PP prices have started... Mon, 09 Jan 2017

OUTLOOK '17: Oxo-alcohols and plasticizers market set to hold firm on supply limitations

...as the market remains snug in Europe on the back of planned turnarounds. Turkey launched an anti-dumping duty (ADD) investigation against South Korean... Mon, 09 Jan 2017

OUTLOOK ’17: Europe melamine market solid but external factors could bring uncertainty

...tightened supply in certain regions. This was particularly noticeable in both Turkey and India, with prices in India almost doubling in November, before... Mon, 09 Jan 2017