Turkey’s PE Market News: Suppliers Compete as Prices Decline
18-OCT-2024
Overview:
- Spot prices continue to edge down
- Supply remains ample
- Demand stable but at low levels
The Turkish polyethylene (PE) market is witnessing intensified competition among suppliers as producers and intermediaries push to offload material amid sluggish demand in October.
While most industry players report weak demand persisting into the month, some exceptions suggest that October has seen a slight recovery compared to August and September. However, the primary issue appears to lie with financially strained sellers facing cash flow challenges, contributing to the downtrend in prices.
Turkey’s Polypropylene Market: Prices Drop Amid Mixed Demand Signals
18-OCT-2024
Overview:
- Spot prices down
- Mixed feedback on demand
- Supply ample; sellers aim to reduce inventories
In Turkey’s polypropylene (PP) market, prices continued to decline this week, though opinions remain divided regarding demand. Some market participants report an improvement in demand compared to August and September, viewing it as healthy given the ample supply available over the past two weeks.
However, others highlight weaker-than-expected demand from Europe, where high production costs are discouraging end-users from purchasing. In Turkey, elevated interest rates are also prompting buyers to retain cash in banks instead of making purchases.
On the supply side, opinions vary as well. While some argue that available volumes are manageable, others point to panic among certain sellers, who have slashed prices to clear out larger inventories.
