PolymerThursday, 11 June 2026·India
Import PP and PE Prices in Turkey Extend Downtrend Amid Weak Demand
Turkey’s import polyolefin market continued to soften in June as buying activity remained sluggish after the Eid holiday period. With most converters expecting further price declines, suppliers were forced to offer additional discounts to attract interest, pushing both PP and PE prices to fresh lows.
PP Prices Move Lower
Saudi Arabian PP raffia and fiber offers saw another round of reductions during the second week of June. Raffia prices fell toward the $1400/ton CIF Turkey level, while fiber offers also moved lower as sellers tried to generate buying interest in a slow market.
Although prices have retreated significantly from recent highs, they still remain above levels seen before the Middle East conflict. Market participants noted that weak demand continues to outweigh any support from costs or supply concerns.
PE Market Faces Stronger Pressure
The PE market experienced even steeper declines, particularly for US-origin LLDPE C4 film. Fresh offers were reported around $1350/ton CIF Turkey, marking the lowest levels seen in several weeks.
US material has been under continuous pressure since April, with prices trending downward as buyers remain cautious and prefer to delay purchases. Despite the latest reductions, many converters remain hesitant to commit to long-transit cargoes due to expectations of further market weakness.
Buyers Stay on the Sidelines
Market sentiment remains largely bearish as buyers continue purchasing only small volumes to cover immediate production requirements. Expectations of additional price corrections have discouraged stock building and slowed overall trading activity.
At the same time, improving supply availability from the Middle East has increased competition among sellers. As more production units return to normal operations, additional volumes are entering the market, adding further pressure on prices.
Outlook Remains Weak
Many market participants believe the correction has not yet reached its end. Some buyers expect PP raffia prices to move below the $1400/ton CIF mark later this month if demand fails to improve.
For PE, several converters consider current price levels still too high relative to market conditions. Some industry players believe LLDPE film prices could fall further in the coming weeks if weak demand and ample supply continue to dominate the market.
Stay ahead of market trends with the Credco app. For any queries, please reach out via WhatsApp at +91 8448083211.
PP Prices Move Lower
Saudi Arabian PP raffia and fiber offers saw another round of reductions during the second week of June. Raffia prices fell toward the $1400/ton CIF Turkey level, while fiber offers also moved lower as sellers tried to generate buying interest in a slow market.
Although prices have retreated significantly from recent highs, they still remain above levels seen before the Middle East conflict. Market participants noted that weak demand continues to outweigh any support from costs or supply concerns.
PE Market Faces Stronger Pressure
The PE market experienced even steeper declines, particularly for US-origin LLDPE C4 film. Fresh offers were reported around $1350/ton CIF Turkey, marking the lowest levels seen in several weeks.
US material has been under continuous pressure since April, with prices trending downward as buyers remain cautious and prefer to delay purchases. Despite the latest reductions, many converters remain hesitant to commit to long-transit cargoes due to expectations of further market weakness.
Buyers Stay on the Sidelines
Market sentiment remains largely bearish as buyers continue purchasing only small volumes to cover immediate production requirements. Expectations of additional price corrections have discouraged stock building and slowed overall trading activity.
At the same time, improving supply availability from the Middle East has increased competition among sellers. As more production units return to normal operations, additional volumes are entering the market, adding further pressure on prices.
Outlook Remains Weak
Many market participants believe the correction has not yet reached its end. Some buyers expect PP raffia prices to move below the $1400/ton CIF mark later this month if demand fails to improve.
For PE, several converters consider current price levels still too high relative to market conditions. Some industry players believe LLDPE film prices could fall further in the coming weeks if weak demand and ample supply continue to dominate the market.
Stay ahead of market trends with the Credco app. For any queries, please reach out via WhatsApp at +91 8448083211.
