Turkish manufacturer of polymers of Petkim Company, the controlling shareholder of which is the Azerbaijan of SOCAR, has left the price of polyethylene (PE) and polypropylene (PP) unchanged, ICIS reported, citing market sources.

Meanwhile, according to sources, despite the fact that prices of PE and PP, in general, were announced at USD1 200 per tonne level and USD1 100 per tonne, respectively, the company gave a very great discounts on this level.

Currently, PE and PP prices in Turkey have stabilized after a series of increases earlier this year.

However, as noted earlier, Petkim April 25 increased rates polyvinylchloride (PVC) on USD15 per ton. The company raised prices for PVC with K 67/68, as well as K58 / 70 due to higher prices of imported PVC and limited supply.

According to the price review ICIS-MRC, the Russian market price of high-density polyethylene (LDPE) and high density polyethylene (HDPE) continued to rise last week. In the first case, the price puts pressure deficit in the latter case led to an increase in the price rise in the cost of delivery. Purchasing activity started to decline since the middle of April, and the decline in demand for PE in the Russian market continued last week, and even on the scarce LDPE market.

As for the situation on the market of PP in Russia, buying activity last week was low. Partly this was due to high demand in the first half of the month, and many companies have already closed all its transactions for April deliveries PP. Also on the demand put pressure imposed restrictions on trucking, and processors due to a rise in price and the delivery of small volumes of supplies forced to abandon the procurement PP. On the spot market price situation remained unchanged.

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.