Turkish manufacturer of polymers of Petkim Company, the controlling shareholder of which is the Azerbaijan of SOCAR, has raised the price of polypropylene (PP) and high density polyethylene (HDPE) and low density polyethylene (LDPE), ICIS reported, citing sources in the market.

Thus, the Turkish manufacturer raised the price of propylene homopolymer (PP-homo) grade raffia, injection and polypropylene fibers for USD40 per metric ton. The prices of LDPE increased by USD35 per ton.

Prices of HDPE injection and blow up at USD30 per ton, HDPE film at USD65 per ton, HDPE pipe increased by USD17 per ton.

The company was not available for comment, but market players explain the increase in the price quotations increased import volumes of material coming into the country, and a decrease in demand in the market.

According to the price review ICIS-MRC, in Russia in the spot market prices of PP last week remained unchanged, the range of prices, depending on the region is large enough. In Siberia, the deal for the supply of PP-homo raffia grade consisted in the range of 85 500-87 000 rub. per ton, including VAT and delivery. In the PE market remains a difficult situation for manufacturers. Attempts by manufacturers to increase export sales did not lead to the desired result. Excess polyethylene in the market remains, and this factor continues to exert strong pressure on prices. But some market participants believe that in March, the situation could change, particularly for LDPE market. At the end of the week it was marked as price increases, and decrease depending on the type of polyethylene.

Petkim Petrokimya Holding A.S. – Turkish Chemical Company. The controlling stake (61.32%) is the State Oil Company of Azerbaijan Republic (SOCAR). The remaining shares are owned by TURCAS. The company carries out the production of polymers (PE, PP, PVC, PA), detergents, packaging and so on. N.