News Code : 42784

Entrance of KSA PP Fiber cargoes to Turkey.

Petrotahlil- Considering approaching Ramadan and entrance of KSA PP Fiber cargoes to Turkey there is possibility of falling price of 552R grade.

According to Petrotahlil,however that Iran PP price in Turkey reported around 1350-1360 $/Mt According to traders.

Its probable that by entrance of KSA shipments and beginning of Ramadan, demand for 552R grage reduce and rates drop. this is while that price was high before because lack of this grade in Turkey.

It seems this grade price was unreal before and and the reason is the shortage of goods.

Probably, by ramadan and traditional lack of demand and also arriving KSA shipments this unreal rate broke which is 60-80$/Mt.

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