SupplyMonday, 29 June 2026·India
Aggressive South Korean PP Raffia, PVC Offers Gain Ground in Turkey
Turkey’s polymer markets continued to face heavy downward pressure at the end of June, with South Korean suppliers emerging as some of the most competitive players in both the PP and PVC segments. Falling feedstock costs, weak demand, and abundant global supply have encouraged sellers to reduce prices aggressively, intensifying competition across the market.
In the PP sector, South Korean raffia offers have fallen sharply over recent weeks, moving well below levels seen earlier in the quarter. These offers have become increasingly attractive compared to competing Middle Eastern material, giving buyers stronger negotiating power when discussing prices with their regular suppliers. Market participants noted that although long shipment lead times remain a concern, the low-priced Korean cargoes are influencing overall market sentiment and putting additional pressure on other exporters.
The same trend has been observed in the PP copolymer segment, where successive price reductions from South Korean suppliers have widened the gap with competing origins. Lower propylene costs and subdued demand across global markets have supported the aggressive pricing strategy, with sellers focusing on maintaining export volumes in a challenging environment.
PVC has followed a similar path. South Korean K67 offers have emerged at highly competitive levels, undercutting many European and Egyptian suppliers. Weak demand and comfortable supply availability have already weighed on the market, and the arrival of lower-priced Korean cargoes has added further pressure.
Buyers reported that European suppliers have been forced to adjust their pricing downward in response to the increasingly competitive import landscape. Expectations of softer upstream costs in Europe have also encouraged buyers to seek additional discounts, keeping sellers on the defensive ahead of July negotiations.
As the third quarter approaches, South Korean suppliers have established themselves among the most aggressive sellers in both Turkey’s PP and PVC import markets. With demand remaining weak and supply ample, market participants expect competitive pricing pressure to persist in the coming weeks.
Stay ahead of market trends with the Credco app. For any queries, please reach out via WhatsApp at +91 8448083211.
In the PP sector, South Korean raffia offers have fallen sharply over recent weeks, moving well below levels seen earlier in the quarter. These offers have become increasingly attractive compared to competing Middle Eastern material, giving buyers stronger negotiating power when discussing prices with their regular suppliers. Market participants noted that although long shipment lead times remain a concern, the low-priced Korean cargoes are influencing overall market sentiment and putting additional pressure on other exporters.
The same trend has been observed in the PP copolymer segment, where successive price reductions from South Korean suppliers have widened the gap with competing origins. Lower propylene costs and subdued demand across global markets have supported the aggressive pricing strategy, with sellers focusing on maintaining export volumes in a challenging environment.
PVC has followed a similar path. South Korean K67 offers have emerged at highly competitive levels, undercutting many European and Egyptian suppliers. Weak demand and comfortable supply availability have already weighed on the market, and the arrival of lower-priced Korean cargoes has added further pressure.
Buyers reported that European suppliers have been forced to adjust their pricing downward in response to the increasingly competitive import landscape. Expectations of softer upstream costs in Europe have also encouraged buyers to seek additional discounts, keeping sellers on the defensive ahead of July negotiations.
As the third quarter approaches, South Korean suppliers have established themselves among the most aggressive sellers in both Turkey’s PP and PVC import markets. With demand remaining weak and supply ample, market participants expect competitive pricing pressure to persist in the coming weeks.
Stay ahead of market trends with the Credco app. For any queries, please reach out via WhatsApp at +91 8448083211.
