Turkey’s Petkim increases polymer prices by $10-25/tonne

30 May 2013 10:41 Source:ICIS News

BERLIN (ICIS)--Turkish polyolefins’ producer Petkim has raised its polyethylene (PE), polypropylene (PP) and polyvinyl chloride (PVC) prices by $10-25/tonne, sources said on Thursday.

PP prices were raised by $20/tonne (€15/tonne), PE by $10-20/tonne, depending on grade, and PVC by $25/tonne.

PP prices have risen sharply in the past few weeks, and they are still rising as June business looms. Levels at the end of April were still often below $1,400/tonne CFR (cost and freight), but this week below $1,500/tonne CFR was hard to find.

Similarly PE prices have risen sharply. End April high density polyethylene (HDPE) prices have risen from $1,380/tonne at the end of April, to around $1,450/tonne CFR on Thursday.

Low-priced European PE and PP are no longer offered as availability in the region has tightened on improved demand and reduced output.

European PVC export prices have also risen in the past few weeks as buyers returned to the market after previously remaining on the sidelines on the expectation that prices would fall.

($1 = €0.77)

Glynn Garlick contributed to this article

By Linda Naylor