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Holiday depresses PE demand in Turkey 6 Jun 2019 / ChemCourier. Polyolefins Market Weekly / prices & market situation

HDPE Turkey, $ / t

Basis

Product

6 Jun '19

Last week

8 May '19

Last month

Jul '19*

CIF Turkey

HDPE inj

1050–1080

 

1050–1080

 

 

HDPE BM

1100–1140

 

1110–1150

10

10

HDPE film

1100–1140

 

1100–1140

 

10

LDPE Turkey**, $ / t

CIF Turkey

LDPE film

1060–1080

 

1050–1070

10

5

LLDPE Turkey**, $ / t

CIF Turkey

LLDPE C4

1050–1060

 

1050–1080

10

5

*Forecast

 

 

 

 

 

 

 

 

 

Demand for polyethylene has been weak because market players are celebrating the end of Ramadan on 1—10 June in Turkey. Middle Eastern and some Asian suppliers have also been absent from the market during the holiday. ‘All players took leaves for a week and some of them for even two,’ a Turkey-based trader has commented. PE availability has been adequate in the country in this period.

Prices have been stable in an inactive market. Injection, blow-moulding and film HDPE has cost $1,050—1,080/t CFR, $1,100—1,140/t CFR and $1,100—1,140/t CFR, respectively, this week. LDPE and LLDPE has been quoted at $1,060—1,080/t CFR and $1,050—1,060/t CFR Turkey respectively.

Market players will come back to work next week when low PE demand may push prices down. HDPE and LDPE/LLDPE prices are expected to lose $10/t and $5/t, respectively, in June. PE supply will match demand in Turkey.

Petrochemicals and Polymers

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