Turkish petrochemical producer Petkim has decreased its prices for high density polyethylene and polypropylene by $20/mt, following weaker global markets and imports, a company source said Monday.
Prices fell "because of a price correction in parallel with global pricing and [lower] import values," a company source said. The source did not disclose the outright prices.
Traders had pegged HDPE gross price levels at $1,385/mt FCA Aliaga for injection moulding and blow molding and $1,340/mt FCA Aliaga for film grade. They had pegged the decrease at $45/mt.
Polyvinyl chloride and low density polyethylene prices remained stable. "There was no change, because of limited material and reasonable demand, so there was no need for a decrease," the Petkim source said.
Turkish spot prices, which are generally at a discount to gross prices, told a mixed story when assessed Wednesday.
PP homo injection grade was assessed at $1,010, stable on the week; HDPE was assessed at $1,223/mt CFR Turkey, down $10/mt on the week; LDPE was assessed at $1,212/mt CFR Turkey, down $11/mt on the week; PVC was assessed at $740/mt CFR Turkey, stable on the week.
