Turkey’s Polyethylene Market Outlook this week ( 27/01/2024):
Disruption in the supply of polymer products to this market continued this week.
Among the reasons for that are the Suez Canal incidents and the delay of shipments from Middle East producers.
polyethylene
On the other hand,
because the shipments of Middle Eastern producers will not reach the Turkish market until March,
the supply of these products will continue to decrease in February.
However,
some downstream industry buyers may resist excessive price increases,
which could control the new round of price increases in February.
Also, the import of Iranian polyethylene cargoes to Turkey will continue in the next month.
In the market of China and Southeast Asia:
due to the Chinese New Year,
the demand for imported cargoes will be accompanied by stagnation.
In India,
due to the increase in the price of oil and feed,
foreign suppliers kept their prices firm,
but the amount of demand for imported cargoes remained limited,
except for polyethylene grades, whose supply was limited,
such as low-density polyethylene grades.
In the Middle East,
the polyethylene market remained strong
because some producers have stopped their plants for maintenance,
and on the other hand,
many downstream factories tend to fill their warehouses due to the arrival of Ramadan.
(Turkey -news)
