The Turkish polymer producer Petkim, whose controlling stake is Azerbaijani SOCAR, raised the selling prices of high-pressure polyethylene (LDPE) on December 3, market sources told ICIS.

This is the second time this month that a Turkish manufacturer has raised its LDPE prices.

Thus, the prices for the company’s material on the terms of delivery of FCA Aliaga (Aliaga, Turkey) increased by USD100 per ton.

The company lists actual prices on a gross basis, and Petkim may offer large discounts on shipments.

Earlier it was noted that over the past month Petkim raised its LDPE prices four times, and the total increase amounted to USD190 per ton.

In addition, the company increased the December prices for polypropylene (PP) and polyethylene (HDPE) last week.

According to the ICIS-MRC Price Review, many sellers in Russia last week raised LDPE prices under pressure from strong demand from the domestic market and high prices in Asia. Some Russian producers have limited their sales of polyethylene to the domestic market in favor of export contracts.

Petkim Petrokimya Holding A.S. is a Turkish chemical company. The controlling stake in the company (51.39%) is owned by the State Oil Company of the Azerbaijan Republic (SOCAR). The rest of the shares are held by TURCAS. The company produces polymers (PE, PP, PVC, PA), detergents, packaging, etc.