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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Latest Turkey petrochemicals news

Turkey polymers demand revival dependant on political, monetary stability post-election

LONDON (ICIS)--Turkish polymers players are hoping demand will pick up after the 24 June election following a recovery in the lira’s exchange rate... Mon, 18 Jun 2018

Europe top stories: weekly summary

LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 1 June. German exporters’ confidence weakens on ‘difficult’... Mon, 04 Jun 2018

Global macroeconomic winds swirl, challenging the rosy scenario

The global chemical sector is facing a whirlwind of macro forces. Between Italy’s new political crisis, Turkey’s plunging currency, US interest rate... Thu, 31 May 2018

Turkey chemical players whipsawed by currency, politics

Turkey’s central bank on 28 May announced it would simplify its system of interest rates, effectively increasing the cost of borrowing, in a move not... Thu, 31 May 2018

Turkish polymer players face lira crisis calmly but fear for economic growth

LONDON (ICIS)--Players in the Turkish polymer market have become accustomed to economic crisis as repeated political and financial issues have... Fri, 25 May 2018

Asia PTA rising on tight supply despite weak China market

SINGAPORE (ICIS)--Spot purified terephthalic acid (PTA) prices in Asia have been rising on the back of tight supply amid unplanned outages at... Thu, 24 May 2018

NPE '18: Elastron opens US headquarters, to start up TPE plant in Q3

ORLANDO (ICIS)--Elastron is opening a North American headquarters in Gainesville, Georgia, with US thermoplastic elastomer (TPE) production to begin... Fri, 11 May 2018

Turkish polymers players' concerns mount after US withdrawal from Iran deal

LONDON (ICIS)--Turkish polyethylene (PE) and polypropylene (PP) players had hoped this year would be far less complex than the eventful 2017 when... Fri, 11 May 2018

Europe top stories: weekly summary

LONDON (ICIS)--Here are some of the top stories from ICIS Europe for the week ended 4 May. Europe butac prices rise on feedstock acetic acid costs... Mon, 07 May 2018

Turkey PE bottoms out as poor economic performance dampens sentiment

LONDON (ICIS)--Turkish polyethylene (PE) prices are stable to down as demand falters following the continuing poor performance of the Turkish lira,... Fri, 04 May 2018