Turkish PP fibre price range narrows by $10/tonne

16 April 2014 23:59 Source:ICIS News

LONDON (ICIS)--Prices for polypropylene (PP) fibre in the Turkish market increased $10/tonne at the low end because the previous week’s price was no longer seen in the market, buyers and sellers confirmed on Wednesday.

Demand for fibre was said to be the best in an overall weak polymers market in Turkey, despite the peak fibre season not yet having started.

“Fibre and [biaxially-oriented PP] are the strongest, while raffia and injection moulding grade PP is [less strong],” a Middle East producer said.

“PP fibre is going up a little bit,” a trader said of both demand and price levels.

A second trader said: “Fibre is keeping a strong position, so nothing less than $1,600/tonne cost, insurance, freight (CIF) Turkey. There is business for fibre.”

The trader added that there was still deals being done for fibre at $1,590/tonne cost and freight (CFR) Turkey as well.

Iranian carriage paid to (CPT) Turkey prices for fibre were unchanged amid limited trades.

Turkish PP fibre prices were assessed at $1,590-1,600/tonne CFR Turkey and $1,590-1,610/tonne CPT Turkey, according to ICIS.

By Matt Tudball