Turkish manufacturer of polymers of Petkim Company, the controlling shareholder of which is the Azerbaijan of SOCAR, this week raised the price of linear polyethylene (LDL) due to the limited supply of material in the market, according to ICIS company source.

Of Petkim, the only producer of polyethylene (PE) and polypropylene (PP) in Turkey, increased LDL price of USD20 per tonne. However, the company left the prices of low-density polyethylene (HDPE) and polypropylene (PP) unchanged.

company source said that the price increase was caused by the limited supply and increased import proposals, but the market demand was stable.

Previously, it was noted that at the beginning of last week (26 April) Petkim did not revise the prices of PE and PP. However, 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. At the same time it was reported that PE and PP in Turkey prices have stabilized after a series of increases earlier this year.

However, 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 LDL market was quiet last week. Some companies reported that they began negotiations for May shipments LDL C4 from Iran. Transactions were discussed ranging USD1 280-1 320 per tonne, CFR Astrakhan.

Meanwhile, the Russian market PE buying activity in the last week of April was very low. Despite coming long holidays in May, processors are not formed additional reserves of raw materials. The main reason – low demand for finished products and the LDPE market was recorded a record level of prices. polyethylene Offer surplus market, the only exception is the market LDPE.

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.