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Turkish polymer market

Is the Turkish polymer market waiting for a recession? Demand for polymers in Turkey has declined.

Is the Turkish polymer market waiting for a recession? Demand for polymers in Turkey has declined.
Bilgioil - The export market of polymers has stopped in Turkey due to the excessive growth of prices in recent weeks. On the other hand, most Turkish traders refuse to load more than 50,000 tons of polymers which they stored in their warehouses or bought from their own sources and also large volume of shipments purchased from Iran has not been loaded due to the lack of trucks.

The export market of polymers has stopped in Turkey due to the excessive growth of prices in recent weeks. On the other hand, most Turkish traders refuse to load more than 50,000 tons of polymers which they stored in their warehouses or bought from their own sources and also large volume of shipments purchased from Iran has not been loaded due to the lack of trucks. Many other traders have also purchased and stored significant volumes of polymers. Some traders estimate that more than 200,000 tons of polymers which are stored in the warehouses of Turkish traders.
In addition, the recession caused by the COVID-19 and the intensified quarantines in Europe and Turkey have made factories reluctant to increase their inventory of raw materials, Traders are complaining about decline in market demand. Of course, this is not the case with polypropylene; because of the high volume of demand and the lack of export of Iranian polypropylene to Turkey.
Thus, with the cessation of price growth in the Turkish polymer market, Iranian petrochemicals did not make any significant changes in prices this week, so that Shazand Petrochemical still offers the price of black pipe at $ 995 per ton of FCA Turkey. Also, Maroon Petrochemical has offered the EX5 Heavy Polyethylene at $ 990 per ton and the BL3 Heavy Polyethylene at $ 995 per ton by the Turkish FCA this week.
Tabriz Petrochemical has also announced the price of ordinary and durable polystyrenes for the Turkish market at $ 1430 and $ 1587 per ton CPT, respectively. The company's ABS 0150 rate is also reported at $ 2162 per ton CPT in Turkey.
The price of ordinary and durable polystyrene for the Afghan market is reported at $ 1410 and $ 1565 per ton CPT, respectively and also the price of heavy polyethylene 3840 in same area is reported to be $ 1095 per ton CPT.
Jam Petrochemical Company is also held a tender for the Turkish market this week; BL3 Jam Heavy Polyethylene is priced at $ 965 per ton and pipe (PE100) is priced at $ 1002 per ton FCA for the Turkish market. The LL235f6 and 52518 grades are priced at $ 955 and $ 930 per ton, in order, FCA Turkey.
Persian Gulf Holding has also offered the price of PVC for the Turkish market at $ 1270 to $ 1280 per ton FCA this week.
Due to the increasing volume of polymer reserves in Turkish warehouses, traders predict that the Turkish market will enter a phase of recession, traders seem to be offering cheaper prices, given the high warehouse inventory.
On the other hand, the continuation of the corona pandemic and the volatile production condition, does not provide a clear outlook for Turkish exporters, and it seems that in the short term we will be witness of decrease in demand and exports in Turkish markets.
According to the announced prices this week, we are expected to see a reversal in the Turkish market in recent weeks, and purchases will be made in minimum tonnages.

Dec 14, 2020 12:15
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