Energy and commodity information provider Platts said Monday it is now publishing weekly polymer price assessments for the Turkish market.
“Turkey has emerged as a key spot market benchmark for polymers, which are used in the manufacture of plastic products for the packaging, automotive, electronics and construction industries,” said David Hanna, Platts Global Director of Petrochemicals. “We are pleased to bring greater transparency to this important market with our new assessments.”
The assessments will be on a CFR Istanbul basis for low density polyethylene (LDPE), linear low density polyethylene (LLDPE), high density polyethylene (HDPE), polypropylene homopolymer (PP), polyvinyl chloride (PVC) and polystyrene (PS).
“According to several studies, Turkey consumes over 3 million metric tons of polymers annually, making it one of the largest buyers in the Europe-Mideast area,” said Shahrin Ismaiyatim, Platts Managing Editor of European Petrochemicals. “Around 26 percent of this consumption is for PP, followed by PE, PVC and PS. With a population of over 70 million people and only one major polymer producer, Petkim, Turkey relies on imported resins to meet most of its domestic demand.”
The assessments will be published on Wednesdays in the Platts Polymerscan and the Platts Petrochemical Alert.
More information on price assessments is available here.