polyethylene market (Turkey News)
Looking into the future,
it is expected that the Turkish polyethylene market will maintain its growing trend in the short term,
because of following reasons:
– Reduction of supply from various suppliers, caused by the incidents in the Red Sea
– Increase in the price of feed and oil derivatives
– Growing trend of demand in parallel markets, especially Europe and India
According to the mentioned cases,
in order to determine the exact trend of the prices,
the market players should simultaneously monitor the trend of demand and prices after the Chinese holiday,
where in recent weeks,
amid the decrease in demand from downstream industries,
the prices in the Dalian futures exchange have increased.
and the supply of products from foreign suppliers has remained limited.
In the medium term :
Turkey’s polyethylene market outlook is uncertain,
because with the upcoming holy month of Ramadan and upcoming elections in this country,
derivative markets may not be able to digest the excessive increase in prices.
In addition,
due to the Chinese holidays,
the amount of inventory of Chinese manufacturers’ warehouses will increase,
and these factors will also make the accurate prediction of prices in the medium term uncertain.
