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Turkey Petrochemicals Q4 2018

Turkey Petrochemicals Q4 2018

Key View:

Turkish domestic polymer supplies are set to be disrupted by a number of factors, including the depreciation of the lira,new capacities in the US, growing US protectionism and sanctions on Iran, Turkey's main external source of petrochemicals. Inaddition, the domestic economy is slowing down. While this will not reduce domestic petrochemicals production with plantsoperating at near full capacity, it will slow imports and we predict market stagnation in H218 and going into 2019. Sanctions on Iranare likely to limit trade between the two countries and in spite of the slowdown in Turkish imports, we expect polyethylene importsfrom the US to swell - provided the Turkish government does not respond to increased tariffs on Turkish aluminium and steel withretaliation against US polymers.

Key View
Industry Forecast
Macroeconomic Forecasts
Turkish Economic Outlook Deteriorating, With Further Downside Risks
Industry Risk/Reward Index
Europe Petrochemicals Risk/Reward Index
Turkey Petrochemicals Risk/Reward Index
Market Overview
Industry Trends And Developments
Company Profile
Turkish Petroleum Refineries Corporation (Tüpras)
Regional Overview
Europe Overview
Global Industry Overview
Turkey Demographic Outlook
Petrochemicals Glossary
Petrochemicals Methodology

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