ChemOrbis Turkish Plastics Industry Almanac 2012 (English) by ChemOrbis

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Turkish Plastics Industry

Almanac

2012 ChemOrbis CONNECTING MARKETS

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Dear Plastics Community,

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ChemOrbis is pleased to deliver the Turkish Plastics Industry Almanac for 2012 to you. The Almanac, which is among the industry leading initiatives of ChemOrbis, includes overall reviews of Turkey s PP, PVC, PE, PS and PET markets and it presents a comprehensive review of the global polymer sector as well as Turkey s import statistics and ChemOrbis Turkey price indices. ChemOrbis, which has over 61,000 members, is a professional business platform in the plastics industry which provides you the essential services of networking and market information as well as helping you to make more profitable sales and purchases.

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Turkish Plastics Industry

Almanac 2012

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Table of Contents

Table of Contents Turkish Plastics Industry - Almanac 2012

P. 5

Overview of Turkish Polymer Market

P. 27

PET

PVC

Overview of Global Polymer Markets

Products Overviews

P. 43

Events

P. 175

Company Directory

P. 243

ChemOrbis CONNECTING MARKETS

ChemOrbis Services

Turkish Plastics Industry

Almanac 2012

P. 205

www.chemorbis.com

ChemOrbis

Table of Contents

ChemOrbis Services

205

Overview of Global Polymer Markets

Overview

210

Overview of Turkish Polymer Market

Services

216

Events

224

Yayýnlar

232

General Outlook PE

234

PE Market Review

Member Views

239

PE Price Graphs

PE Price Index

PP Market Review

PP Price Graphs

PP Price Index

PVC

107

PVC Market Review

111

PVC Price Graphs

116

PVC Price Index

123

127

PS Market Review

131

PS Price Graphs

136

PS Price Index

150

PET

155

PET Market Review

159

PET Price Graphs

164

PET Price Index

170

Events

Company Directory

Industry Overview

243

175

About Events

176

2012 Events:

ChemOrbis 3. Asya Toplantýsý

177

2. ChemOrbis Polymer Insights Toplantýsý

188

1. ChemOrbis Türkiye Toplantýsý

194

Turkish Plastics Industry

Almanac 2012

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Global Polymer Markets

ChemOrbis

Turkish Plastics Industry

Almanac 2012

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Overview of Global Polymer Markets

Overview of Global Polymer Markets Polymer prices generally ended 2012 slightly firmer than they had been at the start of the year following a volatile trading period that saw prices rising for the first few months of the year, sinking towards the middle of the year, rising again but later moderating over the last few months before finally ending the year on a firmer note. PS prices were an exception to the general trend, ending the year at record high levels following nearly six months of continuous price increases after reaching their 2012 trough in the middle of the year.

Crude OilNymex, NaphthaCFR-Japan, NaphthaCIF-NWE Comparison

Upstream, crude oil prices ended the year around $11/barrel below their early January levels while spot naphtha prices in both Asia and Europe ended the year slightly firmer than their early January levels. Persistent economic instability plagued global markets during 2012 and many producers complained of disappointing financial performance. Protectionism became a major topic of interest for global players during the year as both Turkey and Egypt experimented with higher customs duties and other forms of measures aimed at insulating domestic industry while Iran surprised players late in the year by implementing an export ban on polymers which had only partially been lifted by the end of the year. Global polymer markets posted strong increases in January 2012 as many players commented that the previous December had marked the

Further strong increases were registered in February on the back of escalating upstream costs as crude oil prices on the NYMEX jumped nearly $10/barrel while spot naphtha prices in both Europe and Asia posted increases of around $100/ton. Monthly monomer contracts in Europe settled with Â&#x20AC;90-120/ton increases. On the other hand, demand from the Chinese market was not as good as players had been hoping following the Chinese New Year holidays in late January while ongoing economic difficulties in Europe also weighed down on demand.

Crude Oil and Naphtha

Turkish Plastics Industry

trough of the declining trend that extended through the second half of 2011. Spot monomer prices posted considerable increases over the course of the month, with spot prices for propylene, ethylene and styrene seeing triple digit increases in most major economic regions. Expectations of cost-driven increases in February generated some additional demand in the last few weeks of the month, helping to offset the loss in demand occasioned by the week-long Chinese New Year holidays which took place in late January. Egyptian players also reported subdued demand and a relatively slower pace of price increases as many buyers worried about the possibility of further political unrest on the January 25 anniversary of the Egyptian revolution. A new tax on plastic bags in Vietnam slowed PE demand in that country, but this was partially offset by reports of stronger post-flood demand from the nearby Thai market.

Almanac 2012

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ChemOrbis

Overview of Global Polymer Markets

>Healthy PVC demand from Southeast Asia and Russia helped PVC sellers to achieve strong increases in spite of slower than expected Chinese demand. The ongoing shutdown at Tosoh s VCM complex in Nanyo, with more than 1 million tons/year of total capacity, helped buoy PVC sentiment as did weather-related force majeure declarations from Solvin and Arkema in Europe. Ethylene Prices

EthyleneCFR-FEA, Ethylene-FDUSG, Ethylene FDNWE Comparison

Ongoing uncertainty surrounding the implementation of a new plastic bag tax in Vietnam restrained PE demand from the country. Players in Turkey s PET market finally began to receive allocations for exemptions from the PET safeguard measures adopted by the Turkish parliament towards the end of 2011 and designed to limit PET imports into the country. PET imports jumped in February after two months of extremely depressed import figures in December and January. In the meantime, Polimeri, later to be renamed Versalis, decided to replace its 200,000 tons/year LLDPE unit in Priolo with two separate plants for

Turkish Plastics Industry

Almanac 2012

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Overview of Global Polymer Markets

the production of elastomers and synthetic resins under the investment plans of its parent company Eni for the period 2012-2015.

Players in Turkey reported that the Turkish government applied a 7% safeguard measure on imports of Iranian LDPE.

Prices continued to climb throughout the first half of March along with strong upstream costs, but the upward momentum weakened towards the end of the month because feedstock costs began to change direction. European ethylene and propylene contracts settled with significant hikes of 86-90/ton while the European styrene contract rolled over. This led to Italian PP and PE prices seeing hikes of 90-130/ton. Italian HIPS prices witnessed 30-50/ton increases due to strong butadiene costs but GPPS prices held largely steady on the month. Italy continued to attract a good number of non-European imports given its premium over other major global polymer markets. Players engaged in long distance trade complained that sharply increased freight rates hampered their business in March. Chinese PET producers reported seeing good sales in the domestic market but disappointing business in the export market because of higher freight rates, while PVC producers in Southeast Asia complained that they were having a harder time concluding profitable deals with Mediterranean countries such as Turkey. LLDPE prices in Asia saw larger increases when compared with other PE products owing to relatively tighter supply for LLDPE. Healthy demand from Southeast Asia helped buoy prices in Asia as demand from China remained slower than expected, leading some Chinese traders to attempt to redirect their PE cargoes to Southeast Asia.

ChemOrbis

The month of April opened on a firm note after producers nominated another round of large increases on their PP and PE prices, although these increases generally had to be revised downwards later in the month as energy prices began to lose ground and holidays in both Europe and Asia cut into the length of the working month. PVC prices witnessed smaller initial hikes than PP or PE prices, although sellers PVC increase proposals were generally more successful due to limited availability from the US following some unexpected shutdowns in the countr y kept PVC supply tight.

PropyleneFD-NWE, PropyleneFD-USG, PropyleneFOB-Korea Comparsion

Propylene Prices

Shutdowns at some VCM plants in Asia also contributed to firmer sentiment for PVC. In contrast, PS prices generally opened the month of April on a bearish note before stabilizing later in the month. HIPS prices avoided large decreases because of support from higher

butadiene costs but GPPS prices recorded monthly decreases in several global markets. Non-European cargoes continued to make their way to Italy as the country retained a healthy premium over other global markets, but escalating freight rates proved an obstacle to long-distance trades. During April, one of the biggest petrochemical companies in Europe, Italian Polimeri Europa, changed its name to Versalis. The company, operating six steam crackers in Italy with a combined capacity of 2 million tons/year, was aiming to overcome geographical restrictions present in the Polimeri Europa name. >Polymer prices turned sharply southward in May as fresh concerns regarding the overall health of both the EU and the US hampered buying interest. Eurozone manufacturing and services output shrank at the fastest pace in around three years. As a result of the worsening economy, Ineos Olefins and Polymers announced that it was considering selling its HDPE plant in Rosignano, Italy with a capacity of 200,000 tons/year. The company was also considering a sale of its HDPE plant in Sarralbe, France. Crude oil futures on the NYMEX lost nearly $20/barrel over the course of the month while spot naphtha prices in Asia and Europe posted steep declines of around $170-200/ton. The steepest losses were observed in the second half of the month since many sellers who had been hoping to achieve rollovers or modest decreases earlier in May were forced to concede to significant price reductions towards the end of the month.

Turkish Plastics Industry

Almanac 2012

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Overview of Global Polymer Markets

PS prices in Italy bucked the global trend for most of the month as sellers managed to pass 10-30/ton increases on their prices during the first half of May owing to the increase in the monthly styrene contract settlement, although decreases were beginning to be reported in the country s spot market by late May. Decreases were exacerbated towards the end of the month by a widespread waiting attitude on the part of buyers, which proved justified when initial June import prices began to be announced late in the month with decreases of around $100-200/ton.

VCM-FOBUSG, VCMCFR-FEA, VCM-FOBNWE Comparison

Polymer prices continued to move downward in June as demand was generally described as lackluster while upstream costs posted significant declines. Crude oil prices on the NYMEX slipped more than $10/barrel and spot naphtha prices in both Asia and Europe fell more than $100/ton. Import PVC and PE prices posted triple digit decreases in many parts of Asia and the Mediterranean, while PP markets proved resilient, witnessing relatively smaller decreases of around $10-60/ton. Domestic PP, PE and PVC prices also witnessed large declines in Italy, while Italian PS prices opened the month with

VCM Prices

Turkish Plastics Industry

Almanac 2012

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rollovers to slight increases but deals were ultimately done with 20-60/ton decreases. On June 5, the Egyptian government announced new protection fees of 15% or $267/ton on all homo-PP imports to the country, sparking widespread controversy among buyers and paralyzing the import market as the government agreed to launch an investigation into the protection fees in the face of widespread protests from converters. Players in China opened the month hoping for support from new government stimulus spending, but this speculation did not lead to any long-term impact on the market because the government clarified that they were planning a smaller stimulus than the measures implemented in 2008. >Prices began to change direction once again in July as a rebound in crude oil and naphtha prices sparked off a fresh round of increases for most polymer products. PP prices were stagnant to softer in Egypt as the ongoing controversy over the government s protection fee measures pressured overseas producers to lower their prices to remain competitive relative to locally-held cargoes. Import PE prices also declined to Egypt, with sellers pointing to lackluster demand as the main factor weighing down prices. While PP and PE prices in Egypt moved lower, homo-PP imports posted month over month jumps of around $100/ton in Turkey, $60/ton in SEA and $30/ton in China. The Turkish market also witnessed strong increases of around $100/ton in the PE market while PE prices to China and Southeast Asia gained $3070/ton on the month, with the largest increases being seen in LLDPE film prices. In Italy, polymer prices posted significant losses in the first half of July as the monthly monomer contracts

ChemOrbis

Overview of Global Polymer Markets

settled at the start of the month with 170/ton decreases for propylene and ethylene and 115/ton for styrene. However, Italian prices began to rise in the second half of the month and ended close to their late June levels. Upstream costs continued to rally in August, with crude oil prices on the NYMEX gaining around $8/barrel on the month and spot naphtha prices in Asia and Europe posting month over month increases of around $100-120/ton. European monomer contracts settled with increases of 140/ton for ethylene, 120-130/ton for propylene and 135/ton for styrene. Although trading activity was extremely limited in Italy owing to the summer holidays, the strong increases in feedstock costs starting from late July generated large increases on polymer prices for August. PE, PP and PS prices jumped 100-200/ton on the month while PVC prices witnessed relatively modest increases of 7080/ton. Smaller month over month increases of around $20-40/ton, coming in well below the observed increases in upstream costs in most

StyreneFOB-NWE, StyreneFOB-Korea, StyreneFOB-USG Comparison

Styrene Prices

Turkish Plastics Industry

Almanac 2012

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cases, were observed outside Europe. The Ramadan month and post-Ramadan holidays limited trading activity among Muslim countries while an unusually active typhoon season affecting several major Asian economies also contributed to disappointing market activity in that region. In Egypt, PP buyers expressed satisfaction with EPPC s pricing policy following the implementation of protection fees in the country, although converters complained about insufficient domestic availability. Hearings about the future of Egypt s protection fees were held towards the end of August as buyers continued to fight back against the new protection measures. Italy s polymer markets continued to outpace other global polymer markets in September, although buyers complained that two consecutive months of significant increases were hurting demand and pushing buyers to take greater interest in near-to-prime cargoes and import offers. Following triple digit increases in the monthly propylene and ethylene contracts, spot prices in Italy recorded 100-200/ton hikes for PP and PE and relatively smaller increases of 50-100/ton for PVC and PS. Sentiment weakened in Europe towards the end of the month when naphtha and crude oil prices softened. Outside Europe, the Asian PS market recorded the largest monthly increases when GPPS prices rose $100/ton over the month in China while HIPS prices gained $60/ton. This rise was attributed to stronger spot styrene prices, which gained $90/ton on the month on an FOB Korea basis. In Turkey, customs duties on LDPE imports from developing countries were raised from 3% to 6.5% while duties on HDPE and homo-PP imports developing countries were

ChemOrbis

Overview of Global Polymer Markets

raised from 3% to 4.8%. On the other hand, the Egyptian government cancelled the protection fees on homo-PP imports that initially been announced in June. Although it was unclear whether the fees might be reimposed after 2012, converters in the country were said to be happy with the decision. However, they complained that locally-held supplies were tight after EPPC had to shut its plant for a three to four week maintenance in late September, leaving the local market undersupplied since buyers had been purchasing very limited numbers of import cargoes at the time during which the protection fees were active. Polymer prices generally moved lower throughout global markets in October, although Egypt proved more resilient than many other major markets and global PS markets defied the general downward trend by posting significant increases in all major markets. While spot import homo-PP prices declined $25-75/ton in other major markets, Egypt s spot market for homoPP gained around $35/ton. Supply was tight in the country due to the fact that imports had slowed significantly due to the imposition of protection fees on PP imports by the government, which were removed in September but importers had not yet had time to bring in additional supplies. Higher initial October import prices from Middle Eastern producers pushed PE prices higher in Egypt as well in defiance of the general global trend, although import prices were revised downward later in the month. Import PS prices firmed up around $25-75/ton as producers complained of tight supply while spot styrene prices posted hikes of around $50/ton month over month in

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Almanac 2012

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Asia. Global trading activity was generally limited during the month of October due to the Chinese National Day holidays during the first week of the month and Ramadan holidays in Muslim countries towards the end of the month ensured that many buyers would purchase smaller than normal quantities. In upstream markets, spot naphtha prices were firmer for most of the month in both Asia and Europe but ended the month virtually unchanged from the end of September. Polymer prices followed a stable to softer trend during the month of November. Turkey s LDPE and LLDPE markets posted some of the largest monthly decreases, with spot LDPE imports falling $90/ton and LLDPE prices losing $30/ton inside the country, although HDPE prices held mostly stable in Turkey. Iran briefly banned the export of a number of industrial products in late October, including most major polymers, although Iran withdrew the ban on PE exports around one week later. Both China and Turkey are major destinations for Iranian PE. Egypt s PS markets also posted unusually large losses month over month, with import prices sliding an average of around $50/ton for GPPS and $85/ton for HIPS. Egypt s first PS producer, EStyrenics, officially inaugurated its new 200,000 tons/year PS plant, although on-spec production was not expected to occur for another one to two months. The gap between GPPS and HIPS in China s local markets shrank dramatically in the first half of the month due to extremely tight supplies for B-grade GPPS, although some restarts later in the month caused supply concerns to ease somewhat. In upstream markets, spot naphtha prices in both Asia and Europe remained mostly unchanged for the

ChemOrbis

Overview of Global Polymer Markets

second consecutive week while spot ethylene prices in Asia and the United States fell around $100-130/ton month over month. Global polymers markets wrapped up the year on a mostly firm note in December as producers pronounced their intentions to take firmer stances on their prices given their disappointing financial results. Some of the most significant increases were observed in PS markets as sellers insisted on achieving increases in light of their unsatisfactory margins following a sustained firming trend in global spot styrene prices. Spot import GPPS prices surged $125-190/ton in major global markets while HIPS prices jumped $90-155/ton, pushing PS prices above their previous record highs recorded in 2008 when crude oil was trading at around $147/barrel. Turkey s PE markets also posted unusually strong increases in December as an outage at domestic producer Petkim s plant along with ongoing difficulties securing reliable shipments from Iran curtailed supply in the country. Some traders reported that Iran was able to move material easily by ship to countries such as China while truck deliveries to neighboring countries like Turkey were still being disrupted. Egypt s import PP and PE markets were stable to slightly softer on the month after posting increases in defiance of generally softening sentiment in the prior month. Strong spot ethylene markets in Asia, which recorded month over month increases of more than $100/ton, also helped buoy sentiment in global PE markets. Strong increases in monomer costs were also reported from the US, where spot prices for both ethylene and propylene recorded monthly increases of around $200/ton.

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Almanac 2012

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>Global polymer markets ended 2012 poised for increasing prices at the start of 2013 as upstream costs remained persistently high while polymer producers indicated their determination to achieve price increases in an effort to repair their margins. Egypt s attempt to protect its domestic PP producer by imposing 15% protection fees on PP imports proved shortlived following strong resistance from buyers and production issues at domestic producers leaving the country still dependent on outside sources. Elsewhere, Turkey applied new protection measures on LDPE imports from Iran while raising customs duties on PP, HDPE and LDPE imports from developing countries. Iran had lifted its export ban on PE and PET by the end of the year after banning all polymer exports towards the end of October, although players continued to complain of ongoing difficulties securing Iranian material throughout the last few months of the year.

ChemOrbis

Industry Overview

Turkish Polymer Market

Turkish Plastics Industry

Almanac 2012

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Overview of Turkish Polymer Market

Overview of Turkish Polymer Market Market Size

2012 Total Polymer Demand

Turkish Polymer Market 2012

Turkish Plastics Industry

Almanac 2012

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ChemOrbis

Overview of Turkish Polymer Market

2012 Polymer Imports

Turkish Plastics Industry

Almanac 2012

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ChemOrbis

Overview of Turkish Polymer Market

Imports by Country 2001 Â&#x2013; 2012 Period

Top 20 (1000 mton) Saudi Arabia

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Belgium

197

252

2011 2012

Grand Total 4,441

301

350

407

752

837 1,024

169

184

207

233

240

218

215

238

248

256

273

2,481

Germany

112

153

185

243

280

265

257

181

194

179

171

140

2,361

France

130

166

200

173

154

175

140

166

214

1,755

USA

242

148

171

231

198

208

1,592

South Korea

122

178

165

134

156

158

150

1,365

Spain

119

113

135

130

169

170

1,304

111

114

112

233

267

284

1,257

107

126

118

104

117

109

1,182

Iran Netherlands Italy

111

112

118

102

1,117

Romania

126

113

143

146

152

116

1,055

Israel

165

156

125

110

1,040

Greece

103

921

India

103

152

173

911

Hungary

681

Thailand

104

113

107

103

671

Taiwan

143

645

United Kingdom

645

Egypt

118

475

China

146

447

Other

323

269

395

504

528

553

694

684

729

763

829

890

7,160

Grand Total

1,047 1,495 1,795 2,215 2,518 2,797 3,234 3,066 3,147 3,722 4,100 4,368 33,504

Period

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

No of exporting

2011 2012

Grand Total 95

countries

Turkish Plastics Industry

Almanac 2012

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ChemOrbis

Overview of Turkish Polymer Market

2012

Top 15

Qty (1000 mton)

1. Saudi Arabia

1,024

Qty (1000 mton) 9. Germany

140

2. Iran

284

10. Egypt

118

3. Belgium

273

11. Israel

110

4. France

214

12. Thailand

103

5. USA

208

13. Italy

102

6. India

173

14. Greece

7. Spain

170

15. United Kingdom

8. South Korea

150

Other Grand Total

1,116 4,368

2012 Polymer Imports by Origin

Turkish Plastics Industry

Almanac 2012

www.chemorbis.com

ChemOrbis

Overview of Turkish Polymer Market

Average Import Prices (USD/Mton)

Polymer Imports By Year

Turkish Plastics Industry

Almanac 2012

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ChemOrbis

Overview of Turkish Polymer Market

Turkish Polyethylene Market

YOY Change in Polymer Imports (%)

YOY Change in Polymer Imports

Product Sponsor Penthol

Turkish Plastics Industry

Almanac 2012

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ChemOrbis

Turkish Plastics Industry

Almanac 2012

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Overview of Turkish Polyethylene Market

Overview of Turkish Polyethylene Market Polyethylene 2012

All import prices include customs and antidumping duties. All local prices exclude VAT.

LDPE Film Prices

TurkeyÂ&#x2019;s PE market got off to a steady to firmer trend at the start of 2012 with prices beginning to rise by the third week of January. Prices peaked during the first quarter of the year, particularly for LDPE. LDPE prices reached the highest level of the year during March and April after the Turkish government imposed safeguard duties on Iranian LDPE in early March. Iran remained an important supplier to the Turkish market even after the safeguard measures were announced. On the other hand, the peak reached on LDPE prices in 2012 did not reach the threshold of $1800/ton on CFR basis that was surpassed in the early months of 2011. PE prices dropped continuously starting in May and reached a trough in the first week of July. Import LDPE prices at that time dropped below the other PE products after having surged above the others in the previous months. Prices bounced back up again in July until the Eid holiday was held towards the end of October. A slight dip in the market level was noted after that until December, when prices rose again until year end.

In January, the PE market started the year with divergent price trends, when some sellers tried price hikes pointing to rising feedstock costs in the import market, whereas others yielded to price discounts upon plentiful supply and the lack of strong demand. The domestic producer Petkim was in the second group, coming with a $25/ton decrease for its LDPE offers in the early days of January. The sentiment firmed up in the second half of the month with support from bullish European and Asian PE markets as well as rallying upstream costs. It was a little after mid-January when Petkim adjusted its LDPE and LDPE-t offers up by $15/ton in line with the firmer import and local distribution market. This was followed by another $40/ton increase from Petkim in the following week for LDPE film and HDPE b/m. In the same week, Middle Eastern producers revealed their PE prices with $3060/ton increases for February while local prices moved up by $70/ton for LDPE and $20-30/ton for LLDPE. The last week of January was also busy with legislative issues as Turkey opened a safeguard investigation on LDPE imports from Iran upon the application of the domestic producer on January 26. According to Import Statistics on ChemOrbis, Iran was the leading supplier to TurkeyÂ&#x2019;s LDPE market, with the country supplying more than 46,000 tons of LDPE in total in 2011. On the last day of January, Petkim issued another increase of $60/ton on its LDPE offers, bringing the total increase to $115/ton for the month.

Turkish Plastics Industry

Almanac 2012

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Overview of Turkish Polyethylene Market

All import prices include customs and antidumping duties. All local prices exclude VAT.

Overview of Turkish Polyethylene Market

In February, the global upward trend and firm production costs pulled PE prices higher. The import market gained approximately $50-60/ton in the first week of the month while the local market witnessed price hikes of up to $120130/ton. Although the bullish trend faltered for a short while, with some sellers stepping back from their initial hike requests upon facing resistance from their customers, sellers confidence was renewed on high upstream costs and prices pared the short-lived losses in the middle of February. Petkim lifted its LDPE and LDPE-t offers by $20/ton on February 13. The firming trend remained in place in the PE market albeit at a slower speed in the second half of the month. Irregular Thai and Brazilian origins showed up for HDPE film in the import market stemming from disappointing demand in China even as costs were driving up prices, while the local HDPE film market defied the overall rising trend and posted weekly losses of $50-70/ton in the second half of the month upon increased availability.

Local HDPE and LLDPE markets also posted $7075/ton monthly increases on average. Similar to the LDPE market, small discounts were achievable for local HDPE and LLDPE prices in the distribution market in the later days of the month, when Petkim also adjusted its blow moulding and injection offers down by $50/ton.

HDPE Film Prices

Turkish Plastics Industry

Almanac 2012

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Bullish expectations for March mostly helped the market retain its firmness in late February. Petkim started the month of March with a $4555/ton price hike on its LDPE offers. This was immediately followed by another increase of $45/ton for LDPE, $60/ton for HDPE film and $20-30/ton for other HDPE grades. On March 3, the Turkish government agreed to impose a temporary additional duty of 7% on Iranian LDPE imports for a 200 day period during the investigation which Petkim applied for in late January. Turkey also saw greater than expected growth in industrial output at 2.4% in March when compared to the same period of the previous year. Meanwhile, in line with the earlier bullish signals, import PE offers to Turkey also emerged with large price hikes and the import LDPE market gained $190/ton on average throughout March, according to ChemOrbis Price Index. The local LDPE market was also responsive to the bullish sentiment with prices rising by $130/ton on average in the first half of the month. Nevertheless, the firm sentiment started to falter in the second half of the month in the midst of growing resistance on the buyers side and comfortable LDPE supplies; hence, local prices lost a small part of the earlier gains later in the month. HDPE and LLDPE markets saw comparatively smaller increases with average import prices rising $71/ton for HDPE and $58/ton for LLDPE over the course of March.

ChemOrbis

All import prices include customs and antidumpin g duties. All local prices exclude VAT.

LLDPE Prices

In April, some import suppliers approached the market with initial hike attempts of up to $60/ton on the back of higher feedstock costs in Asia. Nevertheless, this firm sentiment did not last long as buyers showed stiff resistance against higher offers. The softer sentiment was felt more obviously in the second half of the month, when Petkim lowered its LDPE prices twice by $65/ton in total and HDPE prices by $20/ton for blow moulding, pipe and injection grades. Hence, import prices lost approximately $55/ton for LDPE film and $35/ton for HDPE film on average throughout April. Import LLDPE film prices were relatively firm on the back of limited availability for this product in the local market, where prices

ended the month only $30/ton above early April after having gained $60/ton in the first fifteen days. The losses on the other products were also modest, with LDPE film retreating by $20/ton and HDPE film by $10/on average during the course of the month. >Even though Turkey s industrial production increased by 5.9% year on year, exceeding expectations in May, PE prices eroded further, both on import and local basis, in line with the lower sell ideas that emerged in the last week of April. These price declines ended up being sharper with respect to April as plunging upstream costs and the downward trend in China exerted pressure on global markets. According to ChemOrbis Price Index, the import market posted an approximate total decrease of $200/ton for LDPE film, $130/ton for HDPE film and $110/ton for LLDPE film on average while the local market saw an approximate decrease of $200/ton for LDPE film, $100/ton for HDPE film and $135/ton for LLDPE film on average during the month. Petkim also adjusted its LDPE prices down four times during May, offering a total discount of $155/ton while HDPE film offers were revised down twice by a total amount of $45/ton. Nevertheless, these large price cuts failed to entice any buy interest. They rather pushed buyers further away from the market, triggering expectations about a new round of hefty decreases in June.

Turkish Plastics Industry

Almanac 2012

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Overview of Turkish Polyethylene Market

The month of June began with price decreases, following the trend of prior months. Activity continued to be thin as well, as lower prices encouraged buyers to wait. Two Middle Eastern suppliers came with decreases of $70-90/ton and $100-110/ton for LDPE film as compared to their May offers. A Central Asian offer was made $150/ton lower compared to May. European offers were competitive during the month due to their duty free status and the lower euro. Petkim continued to decrease prices week over week and by month's end they had decreased their LDPE prices by $120/ton and their HDPE price by $45/ton. With import prices falling and Petkim continuing to implement decreases, prices for locally held material fell. Local prices were under so much pressure that some distributors sold product at a loss. The local LDPE film range began the month down $100/ton at the low end and fell another $70/ton in June. Indeed, prices fell for all local products.

August opened with prices facing upward momentum. A Middle Eastern supplier came with increases of $40-70/ton on LLDPE and HDPE prices and another came with an increase of $70-100/ton on HDPE from their early July offers. There was also market talk of limited LDPE film availability from Petkim. In the month, Petkim raised prices for LDPE film by $105/ton compared to July prices with various weekover-week increases. Prices for PetkimÂ&#x2019;s other products rose by $20-40/ton in August. Price hikes for imports came at levels of $40-85/ton for non-European LLDPE film and $40-70/ton for non-European HDPE film. Import prices continued to firm into the second week. The Turkish cabinet imposed a safeguard measure of 7% on Iranian LDPE imports for the following year, 6.75% in the second year and 6.5% in the third year, on top of the existing 3% customs duty starting from August 5, 2012.

All prices include customs and antidumping duties.

PE Import Prices

Turkish Plastics Industry

Almanac 2012

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For the first time since the economic crisis of 2008, import LDPE prices lost their premium to LLDPE and HDPE prices, trading at times $10-60/ton lower.

July prices began on a downward trend. NonEuropean imports were down $60-65/ton for HDPE while prices for non-European imports of LDPE fell $85/ton. Local prices also decreased the first week by $30-70/ton while the market was quiet. In the second week of the month, the trend of falling prices reversed. After bottoming out at $79/bbl, the price of oil quickly jumped back to $86/bbl. Upstream costs had started to rise. Some sellers stepped away from the market saying that their previous prices were no longer valid. Prior to the market firming up, a global producer sold out its Middle Eastern LDPE film and LLDPE film quotas with $110240/ton drops from June. A number of Middle Eastern players withdrew from the market through the end of July. This resulted in a decrease in supply in Turkey, especially for prompt HDPE film. The month ended with limited import offers available along with limited supply and rising prices. Some sellers complained that prices in Turkey needed to rise to catch up with developments in other global markets.

ChemOrbis

All prices exclude VAT.

PE Local Prices

Market activity generally slowed down as limited offers were reported ahead of the Eid holiday. After the holiday, market activity started to pick up and prices started to rise in September. Other than a Thai price that dropped the non-European import LDPE film range by $40/ton in early September, prices started the month increasing. Spot ethylene prices rose $185/ton in Asia. Generally higher upstream costs kept the pressure up for price increases, until the end of the month when energy costs started to decrease. Without prior notice in September, the Turkish cabinet announced an immediate customs duty increase on HDPE imports from developing countries from 3% to 4.8%, which was to be increased to 6.5% starting January 1, 2013. Duties on LDPE imports were raised instantly to 6.5% for developing countries eligible for Form A. By the end of the month, prices had risen high enough so that both buyers and distributors commented that demand was no longer supportive of the market level. Local LDPE film gained $160/ton in September while nonEuropean LDPE film imports gained $30/ton at the low end. Prices ended the month on a stable to slightly downward trend in line with upstream costs.

Turkish Plastics Industry

Almanac 2012

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Overview of Turkish Polyethylene Market

Once October arrived, PE players had been watching crude oil prices recede since midSeptember. Crude prices at the start of September were around the $95/bbl level, but when October started, they were around $88/bbl. At the same time, the Chinese market was on a week-long holiday at the start of the month and this was to be followed by the Eid holiday in Muslim countries at the end of the month. Needless to say, trade slowed in October as a result of these factors. Petkim introduced the month with a $15/ton decrease on LDPE film and HDPE injection and blow moulding, and a $25/ton cut on pipe grade. European offers started the month with $4050/ton drops, despite the relatively small decrease in the October ethylene contract, which fell just 10/ton. In Italy it was reported that spot PE prices fell by up to 100/ton before the month was over. In the local market, LDPE prices fared worse than the other PE products, which were relatively stable on the month, as LDPE was considered to be more readily available. The average local LDPE price was down $37/ton, according to the ChemOrbis Price Index. Average import prices for the three PE products ended the month around $20-40/ton below the start of the month.

Overview of Turkish Polyethylene Market

supplier of HDPE and the 4th largest supplier of LDPE and LLDPE to Turkey. Although the ban was reported to be lifted a week later, the news still made an impact on the sentiment. At the same time, Petkim announced that it would be shutting its LDPE and LDPE tubular plants on November 19 for one month maintenance. The LDPE plant has a nameplate capacity of 190,000 tons/year and the tubular plant has 160,000 tons/year. With these factors, prices stabilized by mid-month despite continuously falling spot ethylene prices around the globe. The local market saw the greatest impact with the average locally held LDPE price up $40/ton compared to the start of the month, according to the ChemOrbis Price Index. Locally held LLDPE prices on average were up around $60/ton and HDPE film by $20/ton. Petkim encouraged the rising local market with two consecutive price increases on November 21 by $15/ton and on November 27 by $20/ton on both LDPE and HDPE.

>The PE market in November was rocked by the news reported in the last working days of October of a ban on Iranian exports, which included PE. Before the news affected the sentiment, Petkim had decreased prices on November 1 by $25-35/ton. Initial import offers were mixed between rollovers and decreases. The Iranian ban, however, caused players to question the impact as the country was a very important source for Turkey. Up through November, 2012, Iran was the 2nd largest

Turkish Plastics Industry

Almanac 2012

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ChemOrbis

>In December, availability issues were the main concern at the start of the month due to the Iranian situation and Petkim s maintenance. The local market continued to move higher in December, similar to the trend in the second half of November. Demand was also reported to be good even if buyers were a bit skeptical of the rising trend. Indeed, spot ethylene prices were still falling down in global markets at the start of the month as they had been for the previous four weeks, but this had no effect in November or at the start of December as supply concerns moved to the spotlight. Petkim made three price increases during the month. By midmonth, spot ethylene prices reversed trend and spiked higher first in Asia and the US and then in these regions plus Europe. Import PE prices ended the month higher with LDPE seeing the most impact from Petkim s shutdown. Although the plant was restarted in December, players reported irregular deliveries. Import LDPE prices on average were up around $86/ton compared to the start of December, according to ChemOrbis Price Index. Import HDPE prices were up $28/ton and LLDPE up by $8/ton on average. In the local market, LLDPE saw the larger spike at $50/ton compared to early month, while LDPE s increase was relatively smaller at $33/ton. HDPE prices saw the smallest increase as cargoes from Iran reportedly arrived in the country during the second half and relieved supply, causing the average price to move up around $28/ton.

The year 2012 ended with the local PE markets carrying a consistently large premium over imports due to supply concerns, though costs were not giving any support until the end of December. A heavy maintenance season planned for the first quarter of 2013 in the Middle East added to the supply concerns at year s end.

Turkish Plastics Industry

Almanac 2012

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Turkey s PE Imports

LDPE

LDPE Imports By Year

YOY Change in LDPE Imports (%)

YOY Change in LDPE Imports

2012 Average LDPE Import Price (Usd/mton)

Turkish Plastics Industry

Almanac 2012

www.chemorbis.com

ChemOrbis

Turkish Plastics Industry

Almanac 2012

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Turkey s PE Imports

Imports by Country (LDPE)

Turkey s PE Imports

2001 2012

Top 20 (1000 mton)

2012 Monthly LDPE Imports

Israel Azerbaijan Netherlands

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Belgium France Spain

Grand Total

303

236

212

146

141

139

126

Iran

125

Romania

Qatar

Germany

Bulgaria

Italy

Sweden

Croatia

USA

Finland

Saudi Arabia

2012 Monthly Average LDPE Import Price (Usd/mton)

2011 2012

45 36

Austria

United Kingdom

Portugal

Other

117

Grand Total

159

173

203

177

159

180

165

158

194

212

236

2,108

2011 2012

Grand Total

Period

No of Exporting

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

countries

Turkish Plastics Industry

Almanac 2012

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ChemOrbis

Turkish Plastics Industry

Almanac 2012

www.chemorbis.com

TurkeyÂ&#x2019;s PE Imports

TurkeyÂ&#x2019;s PE Imports 2012

HDPE

Top 10

Grand Total (1000 ton)

1. Saudi Arabia

7. Netherlands

2. Azerbaijan

8. Belgium

3. Qatar

9. Brazil

4. Israel

10. Germany

5. Iran

Other

6. Spain

21 Grand Total

HDPE Imports By Year

27 236

2012 LDPE Imports By Origin

YOY Change in HDPE Imports

Turkish Plastics Industry

Almanac 2012

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ChemOrbis

Turkish Plastics Industry

Almanac 2012

www.chemorbis.com

Turkey s PE Imports

YOY Change in HDPE Imports (%)

2012 Monthly HDPE Imports

2012 Average HDPE Import Price (Usd/mton)

2012 Monthly Average HDPE Import Price (Usd/mton)

Turkish Plastics Industry

Almanac 2012

www.chemorbis.com

ChemOrbis

Turkish Plastics Industry

Almanac 2012

www.chemorbis.com

TurkeyÂ&#x2019;s PE Imports

Imports by Country (HDPE) 2001 Â&#x2013; 2012

Top 20 (1000 mton)

2012

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

2011 2012

Grand Total

Saudi Arabia

135

145

182

892

Iran

116

154

517

277

242

161

India

151

South Korea

151

Thailand

151

USA

150

148

Kuwait

135

Egypt

120

Sweden

115

France

112

111

Germany Belgium Hungary

Libya Russian Federation

Qatar Ukraine

5 4

101

Spain

Other

487

102

144

187

220

314

360

438

424

461

536

601

655

4,445

2011 2012

Grand Total

No of Exporting

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Grand Total (1000 ton)

1. Saudi Arabia

182

7. Spain

2. Iran

154

8. Italy

3. India

9. Hungary

4. Thailand

10. Brazil

5. Belgium

Other

116

6. Qatar

19 Grand Total

655

2012 HDPE Imports By Origin

105

Netherlands

Period

Grand Total (1000 ton)

150

Italy

Grand Total

Top 10

countries

Turkish Plastics Industry

Almanac 2012

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ChemOrbis

Turkish Plastics Industry

Almanac 2012

www.chemorbis.com

Turkey s PE Imports

LLDPE

LLDPE Imports By Year

YOY Change in LLDPE Imports (%)

YOY Change in LLDPE Imports

2012 Average LLDPE Import Price (Usd/mton)

Turkish Plastics Industry

Almanac 2012

www.chemorbis.com

ChemOrbis

Turkish Plastics Industry

Almanac 2012

www.chemorbis.com

Turkey s PE Imports

Imports by Country (LLDPE) 2001 2012

Top 20 (1000 mton)

2012 Monthly LLDPE Imports

Saudi Arabia

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Iran Netherlands France

Qatar USA

0 1

Libya

Grand Total

126

152

155

990

119

77 73

Spain

United Kingdom

Germany

Kuwait

Austria Finland

Belgium

1 4

Brazil Sweden 2012 Monthly Average LLDPE Import Price (Usd/mton)

2011 2012

Thailand Italy

India

21 5

South Korea

Other

117

139

141

182

174

208

259

308

300

2,018

2011 2012

Grand Total

Period

No of Exporting

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

countries

Turkish Plastics Industry

Almanac 2012

www.chemorbis.com

ChemOrbis

Turkish Plastics Industry

Almanac 2012

www.chemorbis.com

TurkeyÂ&#x2019;s PE Imports

Selection of graphs created using ChemOrbis Price Wizard 2012

Top 10

Grand Total (1000 ton)

1. Saudi Arabia

155

Grand Total (1000 ton) 7. Netherlands

2. Qatar

8. France

3. Spain

9. United Kingdom

4. Iran

10. Germany

5. USA

Other

6. Kuwait

10 Grand Total

Turkey and China HDPE Film Import Comparison

21 300

All prices exclude customs and antidumping duties.

2012 LLDPE Imports By Origin

Turkish Plastics Industry

Almanac 2012

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ChemOrbis

Turkish Plastics Industry

Almanac 2012

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Overview of Turkish Polyethylene Market

ChemOrbis Turkey Import Price Index - LDPE Film

ChemOrbis Turkey Local Price Index - LDPE Film

CFR Turkey Main Port (USD/mton)

EXW Turkey Main City (USD/mton)

Prices include customs and anti-dumping duty wherever applicable Year-Week 12-52 (24/12) 12-51 (17/12) 12-50 (10/12) 12-49 (03/12) 12-48 (26/11) 12-47 (19/11) 12-46 (12/11) 12-45 (05/11) 12-44 (29/10) 12-42 (15/10) 12-41 (08/10) 12-40 (01/10) 12-39 (24/09) 12-38 (17/09) 12-37 (10/09) 12-36 (03/09) 12-35 (27/08) 12-33 (13/08) 12-32 (06/08) 12-31 (30/07) 12-30 (23/07) 12-29 (16/07) 12-28 (09/07) 12-27 (02/07) 12-26 (25/06) 12-25 (18/06) 12-24 (11/06) 12-23 (04/06) 12-22 (28/05) 12-21 (21/05) 12-20 (14/05) 12-19 (07/05) 12-18 (30/04) 12-17 (23/04) 12-16 (16/04) 12-15 (09/04) 12-14 (02/04) 12-13 (26/03) 12-12 (19/03) 12-11 (12/03) 12-10 (05/03) 12-09 (27/02) 12-08 (20/02) 12-07 (13/02) 12-06 (06/02) 12-05 (30/01) 12-04 (23/01) 12-03 (16/01) 12-02 (09/01) 12-01 (02/01) 11-52 (26/12) 11-51 (19/12) 11-50 (12/12)

Turkish Plastics Industry

High 1,645 1,650 1,598 1,598

Average 1,616 1,614 1,576 1,530

Low 1,587 1,587 1,555 1,491

1,591 1,555 1,600 1,586 1,618 1,616 1,650 1,710 1,636 1,629 1,597 1,586 1,545 1,545 1,442 1,463 1,483 1,391 1,300 1,395 1,417 1,391 1,432 1,483 1,582 1,597 1,670 1,725 1,747 1,747 1,782 1,815 1,851 1,848 1,770 1,767 1,791 1,546 1,670 1,690 1,670 1,489 1,441 1,442 1,448 1,469 1,477 1,494

1,544 1,514 1,541 1,583 1,598 1,600 1,607 1,654 1,622 1,613 1,554 1,558 1,517 1,545 1,436 1,425 1,430 1,375 1,214 1,285 1,356 1,347 1,379 1,402 1,532 1,593 1,643 1,690 1,727 1,717 1,756 1,726 1,745 1,736 1,667 1,715 1,627 1,543 1,592 1,595 1,579 1,458 1,441 1,430 1,427 1,456 1,439 1,455

1,491 1,491 1,491 1,580 1,576 1,587 1,566 1,598 1,608 1,598 1,516 1,504 1,494 1,545 1,421 1,407 1,380 1,350 1,185 1,195 1,320 1,300 1,350 1,355 1,494 1,586 1,623 1,623 1,717 1,669 1,730 1,648 1,639 1,634 1,623 1,623 1,541 1,541 1,459 1,469 1,479 1,428 1,441 1,417 1,411 1,438 1,400 1,432

Almanac 2012

www.chemorbis.com

Prices exclude VAT which is 18% for Turkey Year-Week 12-52 (24/12) 12-51 (17/12) 12-50 (10/12) 12-49 (03/12) 12-48 (26/11) 12-47 (19/11) 12-46 (12/11) 12-45 (05/11) 12-44 (29/10) 12-42 (15/10) 12-41 (08/10) 12-40 (01/10) 12-39 (24/09) 12-38 (17/09) 12-37 (10/09) 12-36 (03/09) 12-35 (27/08) 12-33 (13/08) 12-32 (06/08) 12-31 (30/07) 12-30 (23/07) 12-29 (16/07) 12-28 (09/07) 12-27 (02/07) 12-26 (25/06) 12-25 (18/06) 12-24 (11/06) 12-23 (04/06) 12-22 (28/05) 12-21 (21/05) 12-20 (14/05) 12-19 (07/05) 12-18 (30/04) 12-17 (23/04) 12-16 (16/04) 12-15 (09/04) 12-14 (02/04) 12-13 (26/03) 12-12 (19/03) 12-11 (12/03) 12-10 (05/03) 12-09 (27/02) 12-08 (20/02) 12-07 (13/02) 12-06 (06/02) 12-05 (30/01) 12-04 (23/01) 12-03 (16/01) 12-02 (09/01) 12-01 (02/01) 11-52 (26/12) 11-51 (19/12) 11-50 (12/12)

ChemOrbis

High 1,780 1,780 1,763 1,746 1,720 1,678 1,653 1,678 1,695 1,695 1,737 1,763 1,780 1,780 1,780 1,695 1,653 1,627 1,610 1,568 1,568 1,568 1,441 1,441 1,449 1,483 1,508 1,559 1,568 1,619 1,661 1,712 1,729 1,746 1,763 1,780 1,780 1,805 1,780 1,797 1,797 1,702 1,686 1,695 1,661 1,695 1,602 1,585 1,551 1,542 1,547 1,568 1,627

Average 1,754 1,751 1,728 1,721 1,698 1,653 1,627 1,658 1,681 1,683 1,705 1,718 1,768 1,765 1,745 1,646 1,632 1,603 1,581 1,543 1,524 1,501 1,430 1,418 1,418 1,448 1,470 1,506 1,538 1,604 1,642 1,681 1,715 1,728 1,745 1,755 1,761 1,754 1,762 1,770 1,776 1,662 1,651 1,662 1,643 1,666 1,572 1,526 1,524 1,519 1,517 1,541 1,551

Low 1,729 1,737 1,712 1,686 1,678 1,627 1,602 1,623 1,661 1,661 1,661 1,661 1,737 1,737 1,695 1,602 1,602 1,568 1,525 1,525 1,500 1,462 1,407 1,373 1,347 1,424 1,436 1,483 1,483 1,568 1,610 1,661 1,695 1,695 1,712 1,729 1,729 1,716 1,737 1,754 1,763 1,644 1,551 1,644 1,610 1,653 1,542 1,490 1,500 1,483 1,475 1,490 1,508

Turkish Plastics Industry

Almanac 2012

www.chemorbis.com

Overview of Turkish Polyethylene Market

ChemOrbis Turkey Petkim Price Index - LDPE Film

ChemOrbis Turkey Import Price Index - HDPE Film

FCA Aliaga (USD/mton)

CFR Turkey Main Port (USD/mton)

Turkish Plastics Industry

High 1,805 1,805 1,785 1,770 1,745 1,725 1,710 1,710 1,735 1,735 1,735 1,735 1,750 1,750 1,750 1,750 1,680 1,660 1,645 1,610 1,565 1,565 1,515 1,475 1,475 1,475 1,520 1,560 1,590 1,705 1,705 1,705 1,745 1,780 1,780 1,810 1,810 1,810 1,810 1,810 1,810 1,765 1,710 1,710 1,690 1,690 1,630 1,590 1,575 1,600 1,600 1,600 1,600

Almanac 2012

Average 1,795 1,785 1,775 1,760 1,725 1,707 1,700 1,700 1,715 1,730 1,730 1,730 1,742 1,745 1,742 1,723 1,672 1,645 1,627 1,593 1,561 1,561 1,494 1,466 1,466 1,466 1,512 1,552 1,582 1,656 1,671 1,701 1,737 1,766 1,766 1,798 1,798 1,798 1,798 1,798 1,798 1,725 1,696 1,696 1,676 1,646 1,616 1,568 1,561 1,573 1,586 1,586 1,586

Prices include customs and anti-dumping duty wherever applicable Low 1,775 1,755 1,755 1,740 1,695 1,680 1,680 1,680 1,680 1,715 1,715 1,715 1,720 1,730 1,720 1,680 1,660 1,625 1,605 1,575 1,555 1,555 1,455 1,450 1,450 1,450 1,500 1,540 1,570 1,600 1,630 1,695 1,725 1,745 1,745 1,775 1,775 1,775 1,775 1,775 1,775 1,670 1,670 1,670 1,650 1,590 1,590 1,535 1,535 1,535 1,560 1,560 1,560

www.chemorbis.com

Year-Week 12-52 (24/12) 12-51 (17/12) 12-50 (10/12) 12-49 (03/12) 12-48 (26/11) 12-47 (19/11) 12-46 (12/11) 12-45 (05/11) 12-44 (29/10) 12-42 (15/10) 12-41 (08/10) 12-40 (01/10) 12-39 (24/09) 12-38 (17/09) 12-37 (10/09) 12-36 (03/09) 12-35 (27/08) 12-33 (13/08) 12-32 (06/08) 12-31 (30/07) 12-30 (23/07) 12-29 (16/07) 12-28 (09/07) 12-27 (02/07) 12-26 (25/06) 12-25 (18/06) 12-24 (11/06) 12-23 (04/06) 12-22 (28/05) 12-21 (21/05) 12-20 (14/05) 12-19 (07/05) 12-18 (30/04) 12-17 (23/04) 12-16 (16/04) 12-15 (09/04) 12-14 (02/04) 12-13 (26/03) 12-12 (19/03) 12-11 (12/03) 12-10 (05/03) 12-09 (27/02) 12-08 (20/02) 12-07 (13/02) 12-06 (06/02) 12-05 (30/01) 12-04 (23/01) 12-03 (16/01) 12-02 (09/01) 12-01 (02/01) 11-52 (26/12) 11-51 (19/12) 11-50 (12/12)

ChemOrbis

High 1,640 1,624 1,629 1,593 1,568 1,579 1,572 1,589 1,568 1,620 1,641 1,635 1,624 1,624 1,624 1,593 1,551 1,504 1,524 1,494 1,483 1,386 1,396 1,386 1,396 1,409 1,421 1,479 1,469 1,520 1,561 1,586 1,576 1,622 1,627 1,648 1,627 1,623 1,650 1,627 1,602 1,607 1,582 1,597 1,576 1,576 1,520 1,494 1,473 1,477 1,494 1,473 1,458

Average 1,582 1,572 1,575 1,554 1,535 1,541 1,537 1,549 1,541 1,577 1,587 1,579 1,601 1,587 1,585 1,550 1,517 1,480 1,472 1,467 1,448 1,376 1,355 1,332 1,342 1,356 1,394 1,443 1,417 1,470 1,524 1,542 1,562 1,574 1,581 1,594 1,603 1,607 1,603 1,594 1,579 1,569 1,537 1,538 1,551 1,530 1,487 1,437 1,441 1,446 1,451 1,437 1,420

Low 1,537 1,500 1,530 1,530 1,520 1,511 1,506 1,526 1,527 1,537 1,537 1,485 1,553 1,553 1,537 1,510 1,489 1,438 1,428 1,442 1,407 1,366 1,335 1,298 1,308 1,335 1,366 1,386 1,361 1,409 1,483 1,494 1,551 1,505 1,531 1,551 1,556 1,576 1,545 1,541 1,545 1,524 1,469 1,453 1,518 1,489 1,433 1,407 1,417 1,407 1,421 1,403 1,365

Turkish Plastics Industry

Almanac 2012

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Overview of Turkish Polyethylene Market

ChemOrbis Turkey Local Price Index - HDPE Film

ChemOrbis Turkey Petkim Price Index - HDPE Film

EXW Turkey Main City (USD/mton)

FCA Aliaga (USD/mton)

Turkish Plastics Industry

High 1,720 1,720 1,720 1,695 1,678 1,678 1,653 1,653 1,661 1,661 1,661 1,678 1,678 1,661 1,653 1,627 1,593 1,568 1,568 1,568 1,568 1,551 1,517 1,475 1,466 1,517 1,525 1,525 1,542 1,610 1,610 1,636 1,653 1,653 1,653 1,668 1,678 1,661 1,669 1,653 1,653 1,602 1,593 1,653 1,653 1,661 1,610 1,585 1,568 1,593 1,610 1,610 1,585

Almanac 2012

Average 1,697 1,699 1,696 1,669 1,655 1,651 1,635 1,635 1,646 1,642 1,631 1,647 1,650 1,647 1,629 1,599 1,560 1,548 1,548 1,537 1,528 1,503 1,473 1,443 1,443 1,486 1,489 1,501 1,527 1,569 1,579 1,589 1,619 1,627 1,635 1,633 1,639 1,633 1,632 1,624 1,621 1,571 1,569 1,614 1,584 1,619 1,570 1,551 1,541 1,553 1,556 1,559 1,549

Prices exclude VAT which is 18% for Turkey

Low 1,653 1,661 1,668 1,644 1,643 1,610 1,610 1,610 1,627 1,627 1,583 1,610 1,619 1,627 1,593 1,551 1,542 1,525 1,517 1,508 1,482 1,441 1,415 1,390 1,415 1,441 1,431 1,458 1,483 1,525 1,551 1,551 1,585 1,610 1,600 1,602 1,602 1,585 1,602 1,585 1,583 1,525 1,525 1,568 1,538 1,532 1,525 1,504 1,500 1,500 1,521 1,490 1,517

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High 1,660 1,660 1,650 1,650 1,630 1,610 1,595 1,595 1,620 1,620 1,620 1,620 1,620 1,620 1,620 1,620 1,620 1,600 1,600 1,600 1,600 1,600 1,570 1,540 1,530 1,530 1,560 1,560 1,575 1,595 1,595 1,725 1,725 1,725 1,725 1,725 1,725 1,725 1,725 1,725 1,725 1,665 1,665 1,665 1,665 1,665 1,665 1,665 1,665 1,665 1,665 1,665 1,665

Average 1,660 1,655 1,650 1,650 1,620 1,602 1,595 1,595 1,607 1,620 1,620 1,620 1,620 1,620 1,620 1,620 1,620 1,600 1,600 1,596 1,595 1,595 1,555 1,535 1,530 1,530 1,560 1,560 1,575 1,595 1,595 1,725 1,725 1,725 1,725 1,725 1,725 1,725 1,725 1,725 1,725 1,665 1,665 1,665 1,665 1,665 1,665 1,665 1,665 1,665 1,665 1,665 1,665

Low 1,660 1,650 1,650 1,650 1,610 1,595 1,595 1,595 1,595 1,620 1,620 1,620 1,620 1,620 1,620 1,620 1,620 1,600 1,600 1,590 1,590 1,590 1,530 1,530 1,530 1,530 1,560 1,560 1,575 1,595 1,595 1,725 1,725 1,725 1,725 1,725 1,725 1,725 1,725 1,725 1,725 1,665 1,665 1,665 1,665 1,665 1,665 1,665 1,665 1,665 1,665 1,665 1,665

Turkish Plastics Industry

Almanac 2012

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Overview of Turkish Polyethylene Market

ChemOrbis Turkey Import Price Index - LLDPE Film

ChemOrbis Turkey Local Price Index - LLDPE Film

CFR Turkey Main Port (USD/mton)

EXW Turkey Main City (USD/mton)

Turkish Plastics Industry

High 1,576 1,572 1,572 1,545 1,520 1,524 1,535 1,545 1,582 1,613 1,613 1,582 1,576 1,623 1,592 1,576 1,566 1,494 1,494 1,463 1,448 1,376 1,366 1,411 1,345 1,380 1,401 1,421 1,469 1,479 1,555 1,555 1,562 1,586 1,590 1,623 1,597 1,586 1,586 1,561 1,551 1,545 1,524 1,483 1,483 1,494 1,442 1,376 1,430 1,391 1,391 1,391 1,417

Almanac 2012

Average 1,554 1,540 1,533 1,501 1,489 1,495 1,494 1,492 1,526 1,547 1,563 1,545 1,547 1,572 1,554 1,547 1,526 1,476 1,458 1,442 1,425 1,371 1,329 1,273 1,311 1,353 1,371 1,400 1,430 1,453 1,519 1,544 1,540 1,571 1,565 1,579 1,580 1,566 1,561 1,541 1,533 1,518 1,500 1,469 1,457 1,466 1,425 1,356 1,371 1,372 1,355 1,363 1,368

Prices exclude VAT which is 18% for Turkey

Low 1,510 1,520 1,459 1,463 1,442 1,442 1,442 1,442 1,442 1,459 1,459 1,465 1,510 1,535 1,531 1,520 1,469 1,458 1,438 1,417 1,397 1,366 1,267 1,185 1,236 1,320 1,320 1,350 1,391 1,438 1,473 1,520 1,520 1,551 1,531 1,561 1,561 1,541 1,545 1,520 1,510 1,499 1,468 1,458 1,438 1,438 1,417 1,335 1,329 1,356 1,318 1,318 1,318

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ChemOrbis

High 1,678 1,678 1,669 1,653 1,644 1,585 1,610 1,636 1,644 1,644 1,644 1,644 1,653 1,644 1,630 1,602 1,568 1,576 1,551 1,525 1,542 1,551 1,449 1,424 1,432 1,483 1,508 1,534 1,542 1,610 1,627 1,644 1,661 1,669 1,678 1,678 1,678 1,636 1,653 1,644 1,644 1,593 1,585 1,593 1,593 1,576 1,525 1,508 1,483 1,483 1,492 1,515 1,525

Average 1,645 1,659 1,651 1,637 1,625 1,569 1,570 1,564 1,613 1,610 1,607 1,613 1,628 1,626 1,608 1,572 1,534 1,517 1,530 1,505 1,513 1,516 1,426 1,391 1,397 1,467 1,477 1,505 1,517 1,561 1,593 1,607 1,628 1,640 1,644 1,663 1,657 1,613 1,630 1,622 1,608 1,559 1,555 1,573 1,564 1,563 1,504 1,477 1,456 1,461 1,458 1,461 1,473

Low 1,610 1,636 1,627 1,610 1,593 1,525 1,525 1,525 1,568 1,551 1,559 1,568 1,568 1,602 1,568 1,525 1,483 1,441 1,483 1,483 1,483 1,460 1,390 1,321 1,347 1,441 1,456 1,483 1,456 1,525 1,559 1,568 1,593 1,610 1,581 1,644 1,636 1,568 1,568 1,602 1,568 1,508 1,525 1,525 1,525 1,515 1,441 1,458 1,414 1,419 1,398 1,398 1,424

Turkish Plastics Industry

Almanac 2012

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Overview of Turkish Polyethylene Market

ChemOrbis Turkey Price Index Introduction

ChemOrbis brings clarity and reality to polymer pricing. Our goal is to continuously provide the most up-to-date and accurate reports of prices available in the market so that our members can make appropriate and profitable trading decisions. Prices are always from first hand sources directly involved in the reported transaction, meaning heard information is never included in the Price Index range. Prices are taken each week from a wide range of sources on both the buy and sell side of polymer transactions. ChemOrbis does not believe in editing, amending or in any way making up price ranges based on its own judgment. However, all reported prices are put through rigorous analytical tests, including netback and cost analysis, before the decision is made to include them in the Price Index. The ChemOrbis system is also unique in that the collection and reporting of market information is done by an extensive local team located within each country covered, while the creation of Market Intelligence is done by an independent team which performs quality assurance. This process helps minimize bias and leads to true objectivity.

As the Turkish market is predominantly spot oriented, the Price Index includes only spot prices, meaning transactions in which the parties are not obligated to buy or sell from each other. The Price Index represents the range of actual, real prices available in the market from all sources within a particular week. Prices represent first person reports from reliable sources; meaning they are given or received directly by the source providing the information. Heard or rumored prices are not included in the ranges. Price ranges include offers given, offers received and done deals. Only in the event that there are no offers given or received and no deals completed in a particular week, then the range will be composed of the prevailing buy and sell ideas. All prices are ensured for accuracy through cross checking on the buy-sell side and using technical assessment tools. The price range contains all reported origins for the week. The week over week origins may change depending on the market conditions. The Average Index Price refers to the weighted average to account for the predominance of offers culminating around a certain level and in order to temper unusual prices within the range. Prices included in the range are always for shipments which will take place within 30 days of the transaction. The week number refers to the actual date of the transaction, not the date the price is reported to ChemOrbis. The Turkey Price Index is never changed following publication without clear, written notice to all of our subscribers. By policy, historical data is locked and editing is restricted once the Index figure has been published. The plastic raw materials and grades which are presented in the Price Index reflect the commodity products and the most heavily traded. ChemOrbis reserves the right to reject prices which are deemed unusual, available only with specific conditions which are not repeatable for all players or are considered too far outside the range of prices. The minimum cargo size is 20 metric tons. The Turkey Price Index and its associated database will be maintained and archived on the website to allow users to reference historical Index figures.

Turkish Plastics Industry

Almanac 2012

In Turkey, the following products and grades are used for the Price Index: Polypropylene - Fibre - Raffia Poly Vinyl Chloride - K67-68 Low Density Polyethylene - Film + General Purpose - Tubular Linear Low Density Polyethylene - Film High Density Polyethylene - Film General Purpose Polystyrene - Injection High Impact Polystyrene - Injection

Turkish Polypropylene Market

Definitions of Categories

Methodology

Specifications:

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Petkim All prices are as announced by the producer and reported to ChemOrbis by buyers and distributors. Prices are based on FCA Aliaga, cash. Prices do not include the VAT. Disclaimer Price Analysis Disclaimer: Reports are as reported by member companies, reports are not generated from the system. We believe the reports to be true but do not guarantee their accuracy nor does ChemOrbis accept responsibility for decisions made based on these reports. Please contact us for further questions.

ChemOrbis

Turkish Plastics Industry

Almanac 2012

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Overview of Turkish Polypropylene Market

Overview of Turkish Polypropylene Market Polypropylene 2012

Turkey s PP market started the year 2012 on a decreasing trend, but it quickly turned direction in January to begin an upward climb that lasted through April. A declining trend moved in once again and continued until July. At the start of July, prices were propelled upward for a second time, and the overall market level ended the year well above where it began. However, relative to the year 2011, the PP market level in 2012 failed to reach the highs seen in the prior year. Also, unlike 2011, the PP market saw two cycles of peaks and troughs in 2012, whereas prices in 2011 had peaked early in the year before withdrawing throughout the rest of the year.

All import prices include customs and antidumping duties. All local prices exclude VAT.

PPH Raffia Prices

In January, initial import PP offers emerged with decreases amidst the year-end lethargy in the market. New raffia prices came with decreases of $30/ton and fibre with $40/ton decreases with respect to late December 2011. However, rising propylene costs in the global market caused a turnaround in the price trend, with European suppliers leading the way with higher offers.

>Petkim issued three price hikes in a row for PP during the second half of January, with each increase being larger than the previous hike. These increases of $15/ton, $40/ton and $70/ton from the producer gradually pulled the distribution market higher. By the end of the month, average local prices were up by around $60/ton and import levels by $70/ton according to ChemOrbis Price Index. During the month it was revealed that Turkey s overall export growth had reached a record high in 2011, but although the Turkish economy posted one of the fastest growth rates in the world in 2011, the government started the first month of 2012 expecting production to decrease due to the euro zone debt crisis. >February PP prices were announced with noticeable increases over January. Import PP raffia prices indicated $35-100/ton increases from the last week of January, while the PP fibre range rose $50-90/ton. European offers came with significant increases of up to 140/ton. Firmer prices attracted buyers to the market to meet their needs. Buyers did not hesitate to purchase out of their anticipation of seeing additional increases for the month and, as expected, Petkim raised its PP prices by $35/ton when compared to their last price revision at the end of January. Throughout the month, spot propylene prices in global markets continued to surge higher, which kept the increasing trend on import prices in place. Nevertheless, uncertainty as to whether the price surge would continue in the following month caused buyers to step back at month s end to wait and see. As a result, some discounts of $10-20/ton were seen in the distribution market in the last week of February.

Turkish Plastics Industry

Almanac 2012

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Overview of Turkish Polypropylene Market

All import prices include customs and antidumping duties. All local prices exclude VAT.

Overview of Turkish Polypropylene Market

In March, PP prices continued to post increases despite the small discounts seen during the last week of February. Petkim s announcements of two price hikes in less than a week strengthened the PP market at the beginning of the month. The two price hikes, first $60/ton and later $45/ton, pushed the high end of the distribution market above the $2000/ton threshold. As a result, the firmer sentiment attracted other Middle Eastern suppliers including from Kuwait and Oman, in addition to the regular suppliers from Saudi Arabia. Due to the competitive price levels of these origins, some buyers who had gone to the sidelines because of high prices came back to conclude deals. Buyers reported turning cautious by month s end because of their end product demand, however, according to government data, Turkey s industrial output rose above expectations in March. The Turkish Statistical Institute s (TUIK) data showed that both industrial production and output in the manufacturing sector rose year on year in March.

by $60-70/ton. While buyers were still taking a wait and see attitude, Petkim s price cuts totaled $185/ton during the month. Despite these price cuts from Petkim and other players, the market remained slow.

PPH Fibre Prices

Turkish Plastics Industry

Almanac 2012

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April began with higher initial prices once again. Saudi Arabian import offers rose $20-60/ton. Petkim raised its PP prices by $20/ton for the month and the local market inched higher. Increases continued throughout the first ten days of the month, but market activity was noticeably slowing despite the rising prices. Before midmonth arrived, sellers, who were watching energy costs come down, started to make some minor price decreases of $20/ton on Middle Eastern origins and a European offer was decreased 10/ton. Buyers went to the sidelines following these price reductions as they were not expecting further price increases during April. Softening was witnessed in the second half of the month. Looking at non-European import ranges, raffia was down $55-65/ton and fibre by $80-105/ton when compared to initial prices for the month. >May started with remarkable news in Turkey s petrochemical industry. Saudi Arabia s Advanced Petrochemical Company and Turkey s Bayegan agreed to build a PP plant in Turkey. The plant, which was aimed at reducing Turkey s dependence on imports, was expected to meet 25% of the country s PP consumption when it came online in 2015. In addition, Hyundai expanded its capacity from 100,000 automobiles per year at its Izmit factory to 200,000 units per year. Moreover, according to Turkstat, Turkey s industrial production increased in May. The price of PP, however, moved lower both for import and locally-held materials due to the decreases in upstream costs and slower demand relative to the strong purchases seen in the first three months of the year. Saudi Arabian PP import offers came down $80-90/ton at the start of the month and sell ideas for Indian origin were down

ChemOrbis

All prices include customs and antidumping duties.

PP Import Prices

June began with slow market activity and falling prices. Oil fell from $90 per barrel to $79 per barrel over the month. Prices in the local market started the month by falling $100/ton for PP raffia and $50-85/ton for fibre. Petkim opened the month with a $30/ton price reduction. They followed that up with two more week-overweek reductions, bringing their total decrease in June to $115/ton. June prices for a South European origin came with a 120/ton decrease from May. Decreases of similar levels were seen with non-European imports. By the third week of the month, market activity had picked up somewhat, though Petkim's reductions and lower upstream costs were weighing on prices. Local prices ended the month below their initial price decreases, ending down $180/ton on the low end for raffia and $190/ton for fibre.

July saw oil bounce back from $79/bbl to $89/bbl. PP prices bounced back as well. At the beginning of the month, prices were stable compared to June levels. By the middle of the month, suppliers were starting to gain the upper hand. Prices increased week over week after the first week. Petkim raised their prices three times, resulting in a total $95/ton increase. Prices in the import and local markets each increased as well though not by quite as much, with increases in the $50/ton range. The euro/dollar parity, which came down from 1.26 to 1.22 during the middle of the month, provided a competitive edge for European origins. August began with price increases from nonEuropean suppliers. European offers were considered unworkable due to the 130/ton higher propylene contracts in the region combined with a less favorable exchange rate compared to July. One major Saudi Arabian producer came with increases of $70-80/ton for raffia and $30/ton for fibre over their July prices while another Saudi Arabian source came with $100-110/ton increases. Towards the middle of the month, the market slowed significantly as a result of the Eid holiday. Activity was still slow immediately following the holiday as well. Petkim came with three price increases, including one right before the holiday that totaled $55/ton. Prices locally increased at similar levels to imports. Also notable in August, Turkey had almost completely regained its traditional $100/ton price premium over China, which had been lost due to past price decreases in the Turkish PP market.

Turkish Plastics Industry

Almanac 2012

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Overview of Turkish Polypropylene Market

In September, the big news in the market was an increase on customs duties. The Turkish cabinet agreed to raise customs duties from the previous 3% to 4.8% on homo PP imports from developing countries. Duties on these origins would then be lifted from 4.8% to 6.5% as of January 1, 2013.

Following the announcement, prices were generally firm though market activity was slow. Players on the sellers side adopted a firm stance on their pricing, supported by high feedstock costs as spot propylene prices were mostly unaffected by plunging energy prices. Import prices ended the month higher with nonEuropean raffia increasing by $40/ton at the low end. Petkim raised their prices by $45/ton. Local prices increased a bit more by $70-80/ton. On the other hand, an increasing number of buyers voiced their softening expectations regarding the next month following the consecutive drops in energy prices, with buyers either keeping their purchases to a bare minimum or taking a wait and see stance amidst their sufficient stocks.

All prices exclude VAT.

PP Local Prices

Turkish Plastics Industry

Almanac 2012

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Overview of Turkish Polypropylene Market

The month of October started with price decreases despite attempts by some suppliers of Saudi Arabian material to roll over prices initially. There had been steep falls in crude and naphtha prices since mid-September and propylene contracts in Europe fell by 20/ton. Plus there was a one week holiday in China at the start of October which was followed by a nearly week long holiday in Muslim countries for Eid at the end of October. The culmination of these factors led to weak sentiment and an early price decrease of $15/ton by Petkim at the beginning of the month did not improve buy interest. October was considered quite slow for sales as buyers mainly waited on their softening expectations. Import and local PP prices saw drops on a weekly basis during the month. Petkim made another decrease of $15-25/ton prior to the Eid holiday which encouraged further waiting. The overall PP market saw steep falls during the month, similar to the trend in Italy where decreases of 30-100/ton were recorded in the spot market month over month and in China, as demand failed to impress after their holiday. In the very last days of the month, however, Iran announced a ban on exports of 50 products, which included polymers. The move helped turn sentiment slightly the following month.

ChemOrbis

In November, sellers wanted to stem the tide of price decreases but the month saw import levels drop $60/ton for raffia grade in the first week. Petkim had lowered its prices by $35/ton just before November began. However, the news of Iran s ban on polymer exports at the end of October gave sellers an unexpected boost. While Iran was not a major supplier of PP to Turkey, coming in at 9th place in 2012, the news gave sellers cause to attempt price increases, especially first to Asia. Despite the fact that Iran did not come even in the top 30 in the list of suppliers to China, the news still prompted sellers to turn bullish during the month. In addition, large PP buyers in Turkey had to return and make purchases after a slow October, which they did in the first half of the month. As a result, the PP market level jumped up around $25-55/ton, depending on the grade by midmonth. The trend was not sustained for long and import prices softened again slightly after mid-month, particularly as Europe remained weak. At the end of the month, more bullish news was heard from Saudi Arabia as some producers were reported to be sold out and there were delays in deliveries. Imports of Saudi Arabian PP were higher both in China and Turkey in November compared to October. At the same time, prompt supplies had been reduced after the previous slow trading activity and Petkim raised prices twice, on November 21st and 27th. The month ended with prices steady to slightly firmer when compared to the start.

December saw a continuation of the firmer trend in prices. The low end of local prices disappeared in the first week and Petkim started the month with a $20/ton increase. Buyers reported paying increases of $10-20/ton to purchase material and said prices were continuously raised following their purchases. More Asian offers had been anticipated because of rising customs duties on Middle Eastern origins from 4.8% to 6.5% starting January 1, 2013 and indeed, South Korea offers appeared throughout the month with prices increasing week over week. Petkim made two further price hikes during the month. The market remained firm through the end of the year. It was supported by a bullish outlook for Europe for January and news of several production shutdowns coming in the Middle East during the first quarter of the following year. The market ended higher than it began the month, and in line with expectations, January offers came at the end of December with increases. The PP market ended 2012 higher than the starting point in January after a volatile year. Prices shot up and plunged, then shot up again and retreated once more before another upturn at year s end. The market was poised for another upturn at the start of 2013.

Turkish Plastics Industry

Almanac 2012

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Turkey s PP Imports

PP (Homo)

PPH Imports By Year

YOY Change in PPH Imports (%)

YOY Change in PPH Imports

2012 Average PPH Import Price (Usd/mton)

Turkish Plastics Industry

Almanac 2012

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Turkish Plastics Industry

Almanac 2012

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Turkey s PP Imports

Imports by Country - PP (Homo) 2001 2012

Top 20 (1000 mton)

2012 Monthly PPH Imports

Saudi Arabia Greece Germany

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

2 35

Belgium

116

107

152

Grand Total

204

449

490

569

2,190

725

598

565

525

India

Israel

104

499

France

488

Italy

450

Spain

399

USA

122

372

Bulgaria

280

Romania

278

199

Egypt Ukraine

Turkmenistan 2012 Monthly Average PPH Import Price (Usd/mton)

2011 2012

189

183

Iran

178

South Korea

165

Netherlands

159

United Kingdom

157

680

357

475

581

677

735

776

869

805

846

972 1,058 1,210

9,362

Slovakia Other Grand Total

Period

No of Exporting

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

2011 2012

Grand Total

countries

Turkish Plastics Industry

Almanac 2012

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Turkish Plastics Industry

Almanac 2012

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Turkey s PP Imports

Turkey s PP Imports 2012

PP (Copo)

Top 10

Grand Total (1000 ton)

1. Saudi Arabia

Grand Total (1000 ton)

569

7. Belgium

2. India

8. Bulgaria

3. Greece

9. Iran

4. Egypt

10. Spain

5. Israel

Other

6. Italy

40 Grand Total

PPBC Imports By Year

179 1,210

2012 PPH Imports By Origin

YOY Change in PPBC Imports

Turkish Plastics Industry

Almanac 2012

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Turkish Plastics Industry

Almanac 2012

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Turkey s PP Imports

YOY Change in PPBC Imports (%)

2012 Monthly PPBC Imports

2011 Average PPBC Import Price (Usd/mton)

2012 Monthly Average PPBC Import Price (Usd/mton)

Turkish Plastics Industry

Almanac 2012

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Turkish Plastics Industry

Almanac 2012

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TurkeyÂ&#x2019;s PP Imports

Imports by Country - PP (Copo) 2001 Â&#x2013; 2012

Top 20 (1000 mton)

2012

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

South Korea

Belgium Germany Netherlands France Spain

2011 2012

Grand Total

422

409

388

323

285

218

Italy

216

Israel

193

Hungary

148

Finland

Saudi Arabia Colombia

136

111

100

Austria

United Kingdom

USA

Free Zones

Taiwan

Thailand

Japan

Belgium-Luxembourg Other Grand Total

Period

No of Exporting

Grand Total (1000 ton)

1. Saudi Arabia

7. France

2. South Korea

8. Italy

3. Belgium

9. Israel

4. Spain

10. Netherlands

5. Germany

Other

6. Finland

37 Grand Total

476

2012 PPBC Imports By Origin

103

140

199

220

267

318

327

328

398

417

476

3,269

2011 2012

Grand Total

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Top 10

countries

Turkish Plastics Industry

Almanac 2012

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Turkish Plastics Industry

Almanac 2012

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Overview of Turkish Polypropylene Market

ChemOrbis Turkey Import Price Index - PPH Fibre

ChemOrbis Turkey Petkim Price Index - PPH Fibre

CFR Turkey Main Port (USD/mton)

FCA Aliaga (USD/mton)

Turkish Plastics Industry

High 1,639 1,652 1,627 1,620 1,572 1,551 1,585 1,575 1,619 1,614 1,645 1,642 1,635 1,589 1,624 1,624 1,582 1,520 1,504 1,514 1,494 1,421 1,421 1,376 1,401 1,391 1,417 1,435 1,471 1,500 1,576 1,661 1,672 1,680 1,700 1,725 1,751 1,751 1,695 1,744 1,754 1,648 1,602 1,604 1,610 1,580 1,545 1,504 1,430 1,428 1,438 1,463 1,483

Almanac 2012

Average 1,612 1,626 1,605 1,582 1,559 1,537 1,550 1,550 1,583 1,571 1,629 1,625 1,627 1,589 1,601 1,587 1,566 1,489 1,496 1,486 1,470 1,407 1,379 1,339 1,365 1,375 1,375 1,394 1,418 1,480 1,540 1,612 1,634 1,640 1,686 1,703 1,716 1,698 1,668 1,676 1,657 1,599 1,583 1,581 1,577 1,550 1,483 1,443 1,409 1,414 1,416 1,437 1,451

Prices exclude VAT which is 18% for Turkey

Low 1,593 1,600 1,589 1,551 1,547 1,520 1,527 1,515 1,558 1,540 1,614 1,610 1,624 1,589 1,579 1,551 1,545 1,469 1,489 1,469 1,459 1,400 1,299 1,291 1,345 1,350 1,350 1,345 1,356 1,428 1,510 1,562 1,603 1,603 1,665 1,680 1,685 1,660 1,623 1,645 1,613 1,545 1,562 1,555 1,550 1,510 1,448 1,397 1,379 1,401 1,380 1,411 1,430

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High 1,695 1,695 1,680 1,670 1,650 1,630 1,620 1,620 1,655 1,675 1,675 1,675 1,690 1,690 1,690 1,690 1,645 1,645 1,630 1,610 1,570 1,530 1,490 1,480 1,480 1,480 1,525 1,565 1,595 1,670 1,670 1,705 1,750 1,780 1,780 1,780 1,780 1,760 1,760 1,760 1,760 1,715 1,655 1,655 1,655 1,620 1,550 1,510 1,495 1,525 1,525 1,525 1,525

Average 1,695 1,687 1,680 1,670 1,640 1,625 1,620 1,620 1,637 1,675 1,675 1,675 1,690 1,690 1,690 1,675 1,645 1,637 1,620 1,600 1,570 1,530 1,490 1,480 1,480 1,480 1,525 1,565 1,595 1,650 1,670 1,705 1,750 1,780 1,780 1,780 1,780 1,760 1,760 1,760 1,760 1,685 1,655 1,655 1,637 1,620 1,550 1,502 1,495 1,510 1,525 1,525 1,525

Low 1,695 1,680 1,680 1,670 1,630 1,620 1,620 1,620 1,620 1,675 1,675 1,675 1,690 1,690 1,690 1,660 1,645 1,630 1,610 1,590 1,570 1,530 1,490 1,480 1,480 1,480 1,525 1,565 1,595 1,630 1,670 1,705 1,750 1,780 1,780 1,780 1,780 1,760 1,760 1,760 1,760 1,655 1,655 1,655 1,620 1,620 1,550 1,495 1,495 1,495 1,525 1,525 1,525

Turkish Plastics Industry

Almanac 2012

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Overview of Turkish Polypropylene Market

ChemOrbis Turkey Import Price Index - PPH Raffia

ChemOrbis Turkey Local Price Index - PPH Raffia

CFR Turkey Main Port (USD/mton)

EXW Turkey Main City (USD/mton)

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Turkish Plastics Industry

High 1,619 1,665 1,614 1,617 1,551 1,546 1,546 1,552 1,535 1,593 1,603 1,617 1,610 1,603 1,599 1,603 1,555 1,516 1,507 1,473 1,473 1,417 1,401 1,380 1,366 1,366 1,394 1,411 1,458 1,500 1,555 1,636 1,659 1,648 1,685 1,705 1,723 1,730 1,665 1,724 1,734 1,627 1,582 1,584 1,590 1,545 1,524 1,428 1,428 1,416 1,417 1,421 1,438

Almanac 2012

Average 1,600 1,604 1,595 1,569 1,532 1,527 1,521 1,525 1,507 1,560 1,570 1,582 1,595 1,584 1,578 1,558 1,528 1,494 1,471 1,457 1,439 1,396 1,361 1,333 1,343 1,349 1,362 1,372 1,407 1,455 1,518 1,598 1,608 1,631 1,659 1,673 1,682 1,677 1,631 1,642 1,638 1,573 1,552 1,548 1,551 1,524 1,459 1,407 1,391 1,386 1,390 1,400 1,416

Prices exclude VAT which is 18% for Turkey

Low 1,588 1,558 1,582 1,541 1,505 1,516 1,485 1,495 1,467 1,530 1,530 1,555 1,570 1,500 1,562 1,524 1,495 1,473 1,428 1,437 1,411 1,380 1,287 1,285 1,324 1,325 1,335 1,356 1,376 1,407 1,489 1,576 1,582 1,607 1,623 1,644 1,649 1,648 1,592 1,617 1,576 1,536 1,514 1,520 1,514 1,448 1,432 1,364 1,360 1,366 1,370 1,375 1,386

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High 1,695 1,695 1,678 1,653 1,593 1,593 1,568 1,576 1,592 1,593 1,593 1,593 1,631 1,627 1,627 1,610 1,579 1,568 1,555 1,542 1,483 1,483 1,424 1,407 1,373 1,398 1,424 1,449 1,483 1,568 1,619 1,644 1,678 1,678 1,703 1,695 1,712 1,702 1,695 1,703 1,712 1,678 1,636 1,644 1,644 1,616 1,525 1,492 1,466 1,458 1,458 1,466 1,465

Average 1,695 1,695 1,669 1,630 1,584 1,572 1,567 1,563 1,583 1,583 1,578 1,586 1,625 1,627 1,618 1,592 1,574 1,559 1,539 1,518 1,469 1,447 1,407 1,382 1,359 1,368 1,399 1,422 1,462 1,518 1,599 1,624 1,668 1,668 1,684 1,680 1,694 1,682 1,671 1,683 1,687 1,634 1,618 1,634 1,620 1,596 1,502 1,478 1,455 1,439 1,435 1,449 1,455

Low 1,695 1,695 1,661 1,610 1,576 1,559 1,566 1,558 1,576 1,568 1,568 1,576 1,610 1,627 1,610 1,576 1,568 1,551 1,525 1,500 1,462 1,419 1,398 1,356 1,352 1,356 1,381 1,398 1,441 1,500 1,576 1,610 1,653 1,653 1,661 1,674 1,678 1,678 1,644 1,653 1,661 1,593 1,593 1,627 1,610 1,551 1,483 1,458 1,424 1,415 1,415 1,424 1,448

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Overview of Turkish Polypropylene Market

ChemOrbis Turkey Petkim Price Index - PPH Raffia

ChemOrbis Turkey Price Index

FCA Aliaga (USD/mton)

Introduction

Specifications:

Methodology

Definitions of Categories

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High 1,690 1,690 1,675 1,665 1,645 1,625 1,615 1,615 1,650 1,675 1,675 1,675 1,690 1,690 1,690 1,690 1,645 1,635 1,620 1,600 1,560 1,520 1,480 1,470 1,470 1,470 1,515 1,555 1,585 1,660 1,660 1,695 1,740 1,770 1,770 1,770 1,770 1,750 1,750 1,750 1,750 1,705 1,645 1,645 1,645 1,610 1,540 1,500 1,485 1,515 1,515 1,515 1,515

Almanac 2012

Average 1,685 1,677 1,670 1,660 1,630 1,615 1,610 1,610 1,627 1,670 1,670 1,670 1,685 1,685 1,685 1,670 1,640 1,627 1,610 1,590 1,560 1,520 1,480 1,470 1,470 1,470 1,515 1,555 1,585 1,640 1,660 1,695 1,740 1,770 1,770 1,770 1,770 1,750 1,750 1,750 1,750 1,675 1,645 1,645 1,627 1,610 1,540 1,492 1,485 1,500 1,515 1,515 1,515

Low 1,680 1,665 1,665 1,655 1,615 1,605 1,605 1,605 1,605 1,665 1,665 1,665 1,680 1,680 1,680 1,650 1,635 1,620 1,600 1,580 1,560 1,520 1,480 1,470 1,470 1,470 1,515 1,555 1,585 1,620 1,660 1,695 1,740 1,770 1,770 1,770 1,770 1,750 1,750 1,750 1,750 1,645 1,645 1,645 1,610 1,610 1,540 1,485 1,485 1,485 1,515 1,515 1,515

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ChemOrbis

Imports All reported import prices are adjusted to CFR Turkey Main Port, cash basis. Prices include customs duties and antidumping duties if applicable, but do not include clearing and handling costs. All prices are converted to USD using the average parity valid on the week of the transaction. FCA bonded warehouse import prices are adjusted to CFR basis and are included in the import section. When possible, import ranges can be divided into separate sections such as, without customs duty, with 3% customs duty or with 6.5% customs duty. However, the customs duties are included in the prices in order to be able to make comparison as mentioned earlier. Local All reported local prices are adjusted to Ex-warehouse Main Turkish City, cash basis. Prices include customs duties and antidumping duties if applicable and also include clearing and handling costs. Prices exclude the VAT and are converted to USD using the average parity valid on the week of the transaction. The range may also include the local producer s material which is offered in the resale market. Petkim All prices are as announced by the producer and reported to ChemOrbis by buyers and distributors. Prices are based on FCA Aliaga, cash. Prices do not include the VAT. Disclaimer Price Analysis Disclaimer: Reports are as reported by member companies, reports are not generated from the system. We believe the reports to be true but do not guarantee their accuracy nor does ChemOrbis accept responsibility for decisions made based on these reports. Please contact us for further questions.

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Overview of Turkish Polypropylene Market

Selection of graphs created using ChemOrbis Price Wizard

Turkey PPH Raffia vs China PPH Raffia Import Prices

Selection of graphs created using ChemOrbis Price Wizard

Comparison of PPH Import Prices

All prices exclude customs and antidumping duties.

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Almanac 2012

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Overview of Turkish Polypropylene Market

Selection of graphs created using ChemOrbis Price Wizard

Turkish PVC Market

PPH Fibre Import Prices vs NWE Propylene Prices

All prices exclude customs and antidumping duties.

Product Sponsors SAY Polymers B.V. & Yapkim

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Almanac 2012

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Almanac 2012

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Overview of Turkish PVC Market

Overview of Turkish PVC Market Polyvinyl Chloride 2012

The PVC market, unlike some of the other polymers, started the year 2012 on a stable to firm path following the end of 2011. TurkeyÂ&#x2019;s imports of PVC surged in January 2012 to the highest level of the whole year, presumably some of which were also ordered in December, showing supportive demand for the market level. Prices continued to rise and reached a peak in the first quarter, though they did not reach anywhere near the peak price seen in 2011. Prices began to drop in April and this lasted until the end of June. The market moved back up from June until October, when major holidays in China and in Muslim countries took place and caused downward revisions in prices. The trend reversed in November and prices gained once again, though they failed to reach their peak levels seen in the first quarter of the year.

All import prices include customs and antidumping duties. All local prices exclude VAT.

The PVC market was quiet in the first week of January. Buyers took a wait-and-see attitude, while sellers preferred to observe the market before giving their new offers. Prices followed a stable to slightly firmer trend. However, in the second half of the month, the sentiment strengthened in the import market.

SPVC K67-68 Prices

American PVC k67 offers moved upward after a US producer issued an increase of 3 cents/lb ($66/ton) on its January prices, citing limited supply, higher ethylene costs as well as improved local demand. Supported by firmer US prices, European import offers also gained ground, with the high end of the range exceeding the $1000/ton threshold. Although the local market didnÂ&#x2019;t initially firm up as much as imports, locallyheld PVC 67 prices climbed in line with higher European offers despite unsupportive demand. Near the end of the month, the local producer Petkim raised its PVC prices by $10/ton. PVC prices started February on a firm note. The market maintained strength through the second half of the month, with import prices posting more visible increases. European PVC k67 prices surged $90-100/ton during February, while US k67 offers were up by $60-70/ton. Players reported hearing more irregular origins, including Malaysian, South Korean, Thai and Taiwanese. This was attributed to the Chinese New Year holiday at the end of January and the slow real estate sector in that country. PVC prices were moving higher in China based on costs, but not based on demand. Meanwhile, TurkeyÂ&#x2019;s local PVC market also followed a bullish trend, with the PVC k67 range climbing $100/ton throughout the month. Petkim implemented three hikes on their PVC prices, bringing the total monthly increase amount to $130/ton for k67 and to $140-150/ton for k58 and k70. Although demand was not buoyant, bullish expectations remained in place due to supply issues in Europe, stemming from force majeure declarations of two major PVC producers, Solvin and Arkema.

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Overview of Turkish PVC Market

Despite posting sharp increases, local PVC prices were still traded at a discount compared to imports at the end of the month.

Sellers were still facing difficulty in concluding deals despite being open to negotiations as buyers preferred to delay their purchases in anticipation of seeing lower prices in June. In the import market, European k67 prices slumped $120-130/ton during the month, while US offers were down by $110-130/ton. Despite starting the month on a stable note, local k67 prices also dropped around $100/ton. PetkimÂ&#x2019;s total decrease amount reached $95/ton for May.

PVC prices maintained their strength in the beginning of March. However, demand started losing speed as most buyers were cautious about their new purchases despite observing firmer prices. In the import market, the availability of European prices was limited and PVC k67 offers from the region climbed $10-30/ton during the month. American k67 prices also gained ground after a fire broke out at WestlakeÂ&#x2019;s VCM plant in Geismar, Louisiana, resulting in higher prices in the US. In the local market, prices remained mostly steady. Locally-held PVC was traded at a discount compared to imports, reflecting sluggish demand. After raising its PVC prices by $25/ton in early-March, Petkim left its prices unchanged for the remainder of the month.

All prices exclude VAT.

The sentiment started to soften in May, with import PVC prices posting more visible decreases compared to the levels at the end of April. Meanwhile, local prices were mostly stable as many distributors took a firm stance on their offers. Demand was not buoyant, but a few buyers made some purchases from the local market on a needs only basis. In the second half of the month, import prices witnessed further decreases, weighed down by weak trading activities. Buyers were unwilling to commit to long-distance purchases, regarding lower European offers as more competitive. Through the end of the month, PVC prices maintained downward momentum.

SPVC K67-68 Petkim Prices

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Turkish Plastics Industry

In early April, prices were firm while buying interest was weaker. The existing limited demand was for local material rather than imports as locally-held material was traded at a discount compared to imports. In the second half of the month, although PVC prices did not post major changes, the sentiment lost some strength. Sellers started complaining about slow demand while buyers held sufficient stocks owing to their purchases made at the end of 2011 and early 2012. Imports in January were at a record high for the month, with statistics showing that around 40,000 tons of American PVC were imported to Turkey in December 2011 and January 2012. Through the end of the month, sellers, pressured by weak demand, were willing to offer small discounts in order to conclude deals. In the import market, European k67 offers were down by $50-60/ton compared to the levels at the beginning of the month, while US prices posted a relatively smaller decrease of $10-20/ton. Local k67 prices also declined $1030/ton during the month.

Almanac 2012

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ChemOrbis

All prices include customs and antidumping duties.

SPVC K67-68 Import Prices

June began with PVC prices falling and demand was weak with few deals being concluded. With the market sluggish on a global scale, China also witnessed thin trading activities. There were reports of offers from other origins including Mexican, Central Asian, and Egyptian in Turkey. American PVC fell during the month, ending the month within a range of $825-850/ton after starting the month above $900/ton. European PVC fell $25/ton on the low end and $60/ton on the high end. Petkim lowered its prices by $45/ton during the month, but at the

end of the month increased their prices by $10/ton. Locally held PVC k67 fell alongside Petkim's price decreases in the first two weeks of the month before stabilizing by the second half of the month. By the end of the month, prices were stabilizing though market activity was still slow. The PVC market started to pick up a bit in July and the trend was for firmer prices. American PVC k67 increased throughout the month following weakness in June. Deals in China for American PVC were also higher. European PVC rose by as much as $80/ton, though offers from the region were limited. Petkim raised their prices by $50/ton in July. Local market prices increased by $85-100/ton. These increases were at the same level as import price increases. Due to the fluctuating energy markets, buyers were apprehensive about making deals at the end of the month. At the same time, most PVC suppliers avoided concluding deals for large amounts in anticipation of achieving higher prices the following month when considering the Â&#x20AC;185/ton spike in spot ethylene prices in Europe. The PVC market began sluggishly again in August. The lull caused by Ramadan was a factor in decreased market activity with the upcoming Eid holiday weighing on the market. Prices began the month stable following the increases seen in July. Prices rose both locally and for imports. American PVC k67 increased during the month by $40/ton. European k67 increased from its July range, ending the month up $70/ton at the low end. Mexican k67 increased at a similar level, rising by around $80/ton.

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Overview of Turkish PVC Market

All prices exclude VAT.

Tight supply exerted upward pressure on offers for specialty grades despite soft demand. Petkim raised their prices by $15/ton. During the month, the low end of the local range was $1240$1250/ton. However, by the end of the month, locally held PVC was offered at $1300/ton. Buyers were reporting a preference for quickly available materials along with less demand for long distance origins.

SPVC K67-68 Local Prices

At the start of September, sellers came with price increases on PVC. European offers rose $1520/ton initially, but still managed to take a competitive position in the market. This was due to the fact that prices of non-European origins that were subject to additional customs duties were priced close to the European offers. Petkim raised its prices for the month by $10/ton. The local market also rose in the first week by $20-30/ton. Upward pressure remained on the market as September deals were being concluded in China with increases of $70-110/ton and in Italy with increases of 60-100/ton. By the second week of the month, import offers

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Overview of Turkish PVC Market

were raised again with European prices moving up $20/ton and American by $30/ton. Local prices were also stable to slightly higher. After mid-month, however, energy prices were dropping and buyers became hesitant to purchase. Sellers began to step back on high end prices both for imports and locally held materials. The month of October saw a week long holiday in China during the first week and offers to Turkey fell at the same time. Local producer Petkim also reduced its prices by $20/ton at the start of the month. European sellers came to Turkey with consistent price decreases week over week in October, although ethylene contracts in that region had fallen by only 10/ton from September. European levels were reported down $20-30/ton initially as supplies were considered to be ample in the region, though sellers originally approached the Italian PVC market with rollovers. Upon the return of China from its holiday, US offers were lowered to that country by $30/ton and prices in Turkey also proceeded to move lower. Buyers were mainly sidelined during the month because of dropping prices and because of a nearly week-long Eid holiday near the end of the month. Buyers preferred to stick with local, promptly available supplies rather than risk imports during a decreasing trend. The average import price was down around $80/ton during the month, according to ChemOrbis Price Index. Over the same period, Petkim reduced prices by $35/ton and the local market saw a smaller decrease of $24/ton on average.

ChemOrbis

The month of November started off with price decreases after the Eid holiday. Petkim adjusted prices down by $30/ton, US offers were down $30-40/ton and European offers moved below the $1000/ton threshold. This was partly influenced by the fact that November deals to China were down by $50-100/ton compared to October. But by mid-month, the market level stabilized and when US export offers were reported to have risen, sentiment improved. At the same time, local supplies within Turkey were becoming limited. Looking at import statistics, monthly imports dropped off after August, moving lower and lower each month through to November, attesting to the low local availability. Petkim proceeded to make three price increases before the month ended. The local market inched higher in the second half of the month and import offers were also rising in the last weeks of the month. The average import price was up around $30/ton when compared to the start of November.

up $30-60/ton in the second week and $2030/ton after mid-month. The average local PVC price according to the ChemOrbis Price Index rose around $55/ton over the four weeks of December. In the import market, offers for Far East origins including Taiwanese and South Korean began to appear in the second half of the month, attracted by Turkey s rising market level. Other irregular origins such as Canadian also showed up. At the end of 2012, the distribution market level had well surpassed the import market, even after accounting for custom duties and surpassed Petkim s price level. A rising global trend also left the market on an upward swing at year s end.

In December, trading activity revived at the start of the month when it became evident that prices were increasing while local supplies were limited. Sellers reported satisfaction with their sales and buyers reported turning to cargoes on the way to fulfill their needs. It was also made known that PVC producers in Europe and the US were at reduced capacities which contributed to the sense of limited availability. Petkim raised prices by $30/ton on December 3 while European and American offers were up $15-30/ton on a week over week basis at the start of the month. Prices continued to move higher over the month and the local market, in particular, saw a large jump. The local market moved above the $1300/ton threshold at the start of the month then moved

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Turkey s PVC Imports

SPVC and EPVC

116

PVC Imports By Year

YOY Change in PVC Imports (%)

YOY Change in PVC Imports

2012 Average PVC Import Price (Usd/mton)

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Turkey s PVC Imports

118

Turkey s PVC Imports

2012 Monthly SPVC Imports

2012 Monthly EPVC Imports

2012 Monthly Average SPVC Import Price (Usd/mton)

2012 Monthly Average EPVC Import Price (Usd/mton)

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Turkey s PVC Imports

Imports by Country - SPVC and EPVC 2001 2012

Top 20 (1000 mton)

SPVC and EPVC 2012

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

2011 2012

USA

121

196

158

Romania

107

103

Germany

428

France

108

391

United Kingdom

292

267

262

252

237

235

Thailand Hungary Taiwan

183

Grand Total 915 643

Portugal

Sweden

188

121

184

164

Indonesia Mexico

China Italy

Malaysia 2

163

Spain

158

Poland

158

157

150

Egypt Other Grand Total

Period

No of Exporting

101

133

1,031

208

276

329

418

506

607

701

657

627

725

813

789

6,655

2011 2012

Grand Total

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Grand Total (1000 ton)

1. USA

183

7. Spain

2. France

108

8. Egypt

3. Mexico

9. Germany

4. United Kingdom

10. Portugal

5. Sweden

Other

136

6. Norway

50 Grand Total

789

196

Norway South Korea

Top 10

2012 SPVC Imports By Origin

countries

120

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ChemOrbis

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TurkeyÂ&#x2019;s PVC Imports

ChemOrbis Turkey Import Price Index - SPVC K67-68 FR Turkey Main Port (USD/mton)

EPVC 2012

Prices include customs and anti-dumping duty wherever applicable

Top 10

Grand Total (1000 ton)

1. Germany

Grand Total (1000 ton) 7. United Kingdom

2. Saudi Arabia

8. Thailand

3. Sweden

9. South Korea

4. USA

10. Malaysia

5. France

Other

6. Norway

3 Grand Total

2012 EPVC Imports By Origin

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ChemOrbis

High 1,131 1,131 1,108 1,083 1,067 1,046 1,035 1,004 1,057 1,097 1,118 1,110 1,134 1,128 1,131 1,161 1,092 1,060 1,057 1,046 1,046 1,037 993 977 961 950 961 1,046 1,067 1,121 1,153 1,174 1,185 1,206 1,218 1,217 1,227 1,217 1,213 1,217 1,206 1,180 1,163 1,153 1,138 1,110 1,083 1,057 1,046 1,014 1,014 1,015 1,004

Average 1,113 1,108 1,090 1,066 1,036 1,014 1,006 990 1,003 1,043 1,059 1,084 1,100 1,095 1,112 1,106 1,081 1,050 1,033 1,018 1,003 986 950 947 929 922 937 967 998 1,033 1,080 1,117 1,126 1,159 1,169 1,170 1,193 1,169 1,161 1,166 1,156 1,145 1,123 1,115 1,087 1,063 1,017 997 979 976 970 969 966

Low 1,097 1,080 1,070 1,040 1,000 950 970 975 979 995 1,020 1,060 1,047 1,036 1,100 1,067 1,070 1,040 954 923 923 913 897 913 900 900 902 920 950 990 1,025 1,036 1,077 1,119 1,087 1,108 1,108 1,129 1,118 1,149 1,112 1,120 1,098 1,067 1,040 1,020 980 960 945 948 935 930 930

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Overview of Turkish PVC Market

ChemOrbis Turkey Local Price Index - SPVC K67-68

ChemOrbis Turkey Petkim Price Index - SPVC K67-68

EXW Turkey Main City (USD/mton)

FCA Aliaga (USD/mton)

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High 1,203 1,212 1,195 1,169 1,110 1,068 1,059 1,051 1,059 1,076 1,093 1,093 1,110 1,136 1,131 1,144 1,119 1,102 1,102 1,068 1,076 1,051 1,025 1,017 983 982 983 1,021 1,051 1,075 1,136 1,136 1,153 1,178 1,178 1,195 1,186 1,169 1,161 1,178 1,169 1,169 1,144 1,161 1,127 1,089 1,059 1,025 1,017 1,017 1,017 1,017 1,017

Almanac 2012

Average 1,203 1,187 1,180 1,149 1,096 1,065 1,053 1,050 1,057 1,066 1,079 1,081 1,104 1,118 1,120 1,127 1,110 1,088 1,092 1,060 1,067 1,051 1,013 1,001 979 971 977 1,000 1,044 1,064 1,103 1,124 1,138 1,160 1,154 1,172 1,168 1,159 1,149 1,161 1,153 1,153 1,133 1,147 1,100 1,068 1,039 1,009 1,006 1,001 1,000 999 998

Prices exclude VAT which is 18% for Turkey

Low 1,203 1,165 1,161 1,136 1,081 1,058 1,051 1,048 1,051 1,055 1,068 1,068 1,102 1,102 1,110 1,102 1,102 1,059 1,059 1,051 1,062 1,051 1,007 983 975 964 975 975 1,038 1,059 1,085 1,102 1,130 1,136 1,136 1,153 1,147 1,144 1,143 1,144 1,136 1,127 1,119 1,136 1,076 1,041 1,008 987 992 983 975 982 983

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High 1,180 1,180 1,180 1,170 1,155 1,130 1,120 1,110 1,140 1,160 1,160 1,160 1,180 1,180 1,180 1,180 1,170 1,170 1,155 1,155 1,155 1,125 1,105 1,105 1,105 1,095 1,095 1,125 1,140 1,180 1,180 1,195 1,245 1,245 1,245 1,245 1,245 1,245 1,245 1,245 1,245 1,235 1,220 1,220 1,170 1,145 1,125 1,115 1,115 1,115 1,115 1,115 1,115

Average 1,180 1,180 1,180 1,170 1,142 1,125 1,120 1,110 1,125 1,160 1,160 1,160 1,180 1,180 1,180 1,180 1,170 1,162 1,155 1,155 1,155 1,125 1,105 1,105 1,105 1,095 1,095 1,125 1,140 1,170 1,180 1,195 1,220 1,245 1,245 1,245 1,245 1,245 1,245 1,245 1,245 1,227 1,220 1,220 1,157 1,145 1,125 1,115 1,115 1,115 1,115 1,115 1,115

Low 1,180 1,180 1,180 1,170 1,130 1,120 1,120 1,110 1,110 1,160 1,160 1,160 1,180 1,180 1,180 1,180 1,170 1,155 1,155 1,155 1,155 1,125 1,105 1,105 1,105 1,095 1,095 1,125 1,140 1,160 1,180 1,195 1,195 1,245 1,245 1,245 1,245 1,245 1,245 1,245 1,245 1,220 1,220 1,220 1,145 1,145 1,125 1,115 1,115 1,115 1,115 1,115 1,115

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Overview of Turkish PVC Market

ChemOrbis Turkey Price Index Introduction

Turkish Plastics Industry

Almanac 2012

Turkish Polystyrene Market

Definitions of Categories

Methodology

126

Specifications:

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Overview of Turkish Polystyrene Market

Overview of Turkish Polystyrene Market Polystyrene 2012

The PS market started off the year 2012 on a rising trend. This lasted through the first quarter of the year. Prices began to dip in April and a decreasing trend was witnessed until the end of June. On average, GPPS import prices fell $308/ton from the peak to the trough in June and HIPS prices fell $274/ton over the same period. Nevertheless, PS market levels stayed consistently above the level of other polymers throughout the entire year with only a six week exception when PET prices were above GPPS at the start of the year. Following the trough at the end of June, an overall rising trend resumed until the year end, with volatility along the way.

All import prices include customs and antidumping duties. All local prices exclude VAT.

HIPS Prices

>Bullish upstream markets created a strong atmosphere for PS during the first month of 2012. European benzene and styrene contracts settled 120/ton and 189-194/ton higher on the month, respectively. In other global markets, rising spot feedstock prices were also driving PS hikes. Higher freight rates from Asia to Turkey were another factor that pushed up costs for sellers. Both Asian and European PS offers skyrocketed in the import market.

The lower euro/dollar exchange rate parity provided a competitive edge for nearby European cargoes against Asian origins. Surging imports forced distributors to lift their prices by significant amounts in the local market. Tracking the widespread firm pricing strategies, the domestic producer Aschem gradually lifted their GPPS offers by a total of $70-150/ton. Although trading activity was rather limited during the month, strong expectations were carried to February on rising costs and global trends. >Large increases on European monomer contracts kept Turkey s PS market firm in February. Early in the month, the overall ranges for West European origins jumped 100/ton when compared to late January. Asian ranges jumped between $90-120/ton on the low ends, while the upper ends remained flat amidst hesitant purchases on the buyers side. In the second half of February, European prices saw slight discounts of 10-20/ton while Asian offers followed a steady to slightly firmer trend. Sellers voiced their hike intentions for March for both European and non-European origins, citing cumulative gains in spot styrene markets during February, although buyers opposed these talks, citing discouraging demand. Aschem, who sold out its allocation at its initial February prices, expressed $25-50/ton higher sell ideas. Crude oil prices on NYMEX neared $110/barrel in late February and higher expected freight rates from China and Southeast Asia to the Turkish market contributed to the strong sentiment. Rising import prices pushed the distribution market up although slow trading activities kept increases in check during February.

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Overview of Turkish Polystyrene Market

All import prices include customs and antidumping duties. All local prices exclude VAT.

Overview of Turkish Polystyrene Market

The PS market entered March on a strong note before weakening upstream costs led to mixed price trends later. West European producers sought smaller price hikes than expected on PS of 10-30/ton after styrene contracts rolled over for March and benzene contracts came down 52/ton. Meanwhile, March PS offers emerged with large increases of $70-80/ton for GPPS and $85-100/ton for HIPS from India due to a force majeure in the country. As the global atmosphere shifted due to declining feedstock markets, a West European producer conceded to 1530/ton discounts on their PS deals amidst slightly better buying interest. Turkish producer Aschem, which had revealed their March GPPS prices with $100/ton increases, sold out their quotas at steady to slightly lower levels from their initial offer. The producer avoided giving large discounts during March given the fact that they had met their styrene needs at high levels. At the same time, Turkish GPPS was traded in Italy with a large premium over prices in Turkey during March.

sales despite their higher sell idea, while the producer offered stable to slightly higher HIPS prices. The local market recorded sharp drops in the third week of May on poor demand, with ranges falling by $85/ton on the high end for GPPS and $60-70/ton for HIPS. By the end of May, local GPPS prices moved down below the $2000/ton threshold on the low end.

GPPS Prices

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>A soft trend surfaced in the PS market for April in tandem with other global markets as lower upstream costs and the delayed high season in the insulation and packaging sectors weighed down on sellers. The domestic producer announced their new GPPS prices with $2030/ton decreases given 34/ton lower styrene contract settlements in Europe. The producer gave additional discounts of $10-20/ton to entice better sales until they followed a steady pricing strategy before lifting their offers by $20/ton towards the end of the month, citing the rebound in upstream markets. Meanwhile, they started to offer HIPS again after a long absence. Long distance Asian cargoes saw discounts, especially on the upper ends of the price ranges, as they were deemed unworkable amidst hand to mouth purchases from converters. Regarding European sources, sellers reduced prices by 20-50/ton compared to prices at the start of the month. The delayed high season for end products, along with a downturn in upstream markets, weighed down on the sentiment during May. Packaging converters described their end sales as unsatisfying for the time of the year. Despite this, West European PS offers were revealed with 40-45/ton monthly hikes owing to the fact that May contracts settled up 58/ton for benzene and up 47/ton for styrene in the region. The low euro/dollar parity, however, supported a mostly steady trend for European PS. Asian PS saw gradual discounts, mostly on the upper ends of the price ranges, amidst a lack of interest. The import market saw extremely limited offers emerging by the end of May as sellers held onto their offers considering the lack of interest and unclear future direction. Aschem started the month with rollovers for GPPS to entice better

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The month of June saw prices for PS decline amidst generally weak demand and lower upstream costs. The beginning of the month saw price decreases for import non-European GPPS. An Indian offer came $80/ton lower while Asian sell ideas emerged $100/ton lower. The following week a European offer came with a decrease of 40-50/ton below an initial June level. The rest of the month saw buyers favor European and locally held PS due to immediate availability combined with price competitiveness. All prices include customs and antidumping duties.

HIPS and GPPS Import Prices

June's relatively favorable exchange rate for the Euro helped European GPPS as well, making prices cheaper in dollars. Non-European offers continued to fall for the rest of June, declining by $120/ton on the low end. Locally held GPPS was relatively stronger and fell by only $50/ton in June on the low end. Locally held HIPS was down around $80/ton on the low end. Aschem ended the month notching three price decreases, offering $140/ton lower. Following an active month of decreases in June, producers came in the beginning of July with increases for PS. One European importer opened the month with 80-90/ton increases. Asian imports of GPPS and HIPS saw weekly increases of $60-90/ton and $50/ton, respectively. The Turkish producer came with a $30/ton hike early in the month which was its only price change in July. European origins were still competitive due to more immediate availability and also the Euro exchange rate, which fell to 1.22 during the month. Attractive deals pushed the low end of the European GPPS range down 40/ton by the second week even though players were already expecting price increases in August due to surging spot styrene costs. HIPS supply was limited throughout the month, with several distributors not having any stock at times; local HIPS prices were up $100/ton on the low end. By the end of the month, Asian GPPS imports had noted further increases of $90/ton at the low end. As July came to a close, the market was less active as players were waiting for August European prices.

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Overview of Turkish Polystyrene Market

Soaring spot styrene costs contributed to rising prices in August. The first week of August alone saw spot styrene prices rise 61/ton following the settlement of the August contract with a 135/ton increase. There were limited inquiries for Asian offers at the beginning of the month while European imports were still in high demand. On top of the rising upstream costs, one West European producer came with price hikes of 100-110/ton over the last July deals for both GPPS and HIPS. Pakistani and Vietnamese offers emerged towards the high end of the Asian import range. By the second half of the month prices had generally stabilized ahead of the Eid holiday. Expectations were for higher prices coming from Europe with European ethylene contracts for September having already settled with an increase of 125/ton. Local GPPS and HIPS advanced $50/ton and $70/ton on the low end, respectively. The Turkish producer sold out their GPPS supply in August, with $10-15/ton discounts from their initial offers.

HIPS and GPPS Local Prices

Turkish Plastics Industry

September came with previously expected price increases due to rising upstream costs. Aschem began the month with $140-150/ton increases for GPPS. There were no HIPS offers from regional producers at the beginning of the month as supply for HIPS was still scarce. With the Euro strengthening to a less favorable dollar exchange rate on top of price increases, European PS became more expensive and simultaneously fell out of favor in comparison to non-European imports. In September, prices for Asian GPPS imports were $100/ton lower than European offers, even with price increases. The Asian import GPPS range rose by $100/ton by the middle of the month after which it stabilized through the end of September. Locally held GPPS and HIPS advanced by $80/ton and $60/ton, respectively, in September. By the end of the month, demand was slowing and energy prices had started to fall back. Crude oil prices fell by $6/barrel in one week, which pushed spot styrene prices down by $25/ton in Asia and $75/ton in Europe. In October, energy costs were lower at the start of the month following a decreasing trend that began in mid-September; however, this had no effect on spot styrene prices in Asia, where styrene continuously moved higher during the month. Nevertheless, at the start of October, Asian PS prices were softer as the Chinese market was out on a week long holiday. The Turkish producer, on the other hand, raised its PS prices by $40/ton initially and European prices entered the market in the second week of the month with increases of 25-55/ton following an 8/ton increase on the October styrene contract settlements. The Turkish producer was later forced to step back on its prices by $30-35/ton. A force majeure declaration on styrene from

All prices exclude VAT.

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Singapore s Ellba Eastern kept the Indian producer out of the market until mid-month. By the time the producer returned, Asian offers into Turkey had turned direction and moved higher. In the local market, sellers had been reporting good demand for HIPS relative to GPPS due to limited supplies. It appears that sellers were justified considering that the local HIPS market moved up around $65/ton on average compared to the start of the month, according to the ChemOrbis Price Index. Local GPPS prices were down $12/ton on average. Import statistics also showed a steep drop in monthly imports after August for the months of September and October. At the start of November, trade activity was stagnant after the Eid holiday which was held near the end of October. End demand was reported to be low and distributors were also not keen on stocking up as import statistics testify to after they dropped off in the months of September, October and November. The local market fluctuated during the month. Decreases were seen initially as a result of the holiday lethargy following Eid. In the weeks following, local prices were mixed week over week, but HIPS lost some of the ground it gained in October, with the average price falling by around $34/ton compared to the start of the month. Local GPPS prices gained $26/ton on average. The Turkish producer, meanwhile, held prices flat throughout the month. On the cost side, spot styrene was softer at mid-month, but then moved up in major global regions. A jump was seen in Asian styrene prices during the last week of the month. This did not help the overall import range during November, however, as the levels ended the month lower.

>In December, spot styrene prices defied energy markets once again and moved higher, then continued to move higher week over week throughout the month. The styrene contract in Europe was settled at plus 15/ton for the month. As a result, import offers came higher in December. European offers were mostly priced out of the market since price increases of 30/ton were sought while the exchange rate parity rose, putting these origins nearly $100/ton above their Asian counterparts. The domestic producer was popular with local buyers. The producer initially offered GPPS steady to $20/ton higher for the month. The local market was mixed once again. It appears that distributors stocked up on HIPS cargoes seeing the shortage in previous months and there were reports that incoming cargoes in December helped to relieve supply issues. Although the local GPPS market moved higher by around $32/ton on average compared to the start of the month, the local HIPS level moved lower by around $8/ton, according to ChemOrbis Price Index. At the end of 2012, PS prices reached their highest levels of the year, ending the year higher than they began. Import GPPS prices reached the threshold of $2000/ton on CFR basis while HIPS prices reached $2175/ton without including customs duties.

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Turkey s Polystyrene Imports

PS (HIPS and GPPS)

136

PS Imports By Year

YOY Change in PS Imports (%)

YOY Change in PS Imports

2012 Average PS Import Price (Usd/mton)

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Turkey s Polystyrene Imports

Imports by Country - PS 2001 2012

Top 20 (1000 mton)

2012 Monthly PS Imports

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Belgium Free Zones

100

110

839

320

129

112

Spain

109

South Korea

Germany

India

Russian Federation Singapore

Netherlands

Greece

Taiwan

Pakistan United Kingdom Hungary 2012 Monthly Average PS Import Price (Usd/mton)

Grand Total

Thailand France

2011 2012

Italy

China

Iran

Belgium-Luxembourg Other Grand Total

Period

No of Exporting

143

158

180

200

234

245

207

220

250

267

284

2,470

2011 2012

Grand Total

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

countries

138

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TurkeyÂ&#x2019;s Polystyrene Imports

TurkeyÂ&#x2019;s Polystyrene Imports 2012

EPS

Top 10

Grand Total (1000 ton)

1. Belgium

110

Grand Total (1000 ton) 7. France

2. Free Zones

8. South Korea

3. Thailand

9. Spain

4. India

10. Germany

5. Pakistan

Other

6. Greece

9 Grand Total

EPS Imports By Year

27 284

2012 PS Imports By Origin

YOY Change in EPS Imports

140

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Turkey s Polystyrene Imports

142

YOY Change in EPS Imports (%)

2012 Monthly EPS Imports

2012 Average EPS Import Price (Usd/mton)

2012 Monthly Average EPS Import Price (Usd/mton)

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TurkeyÂ&#x2019;s Polystyrene Imports

Imports by Country - EPS 2001 Â&#x2013; 2012

Top 20 (1000 mton)

2012

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Germany

Taiwan

France

China

Greece

2011 2012

Grand Total

181

136

118

100

Netherlands

South Korea

Austria Malaysia

Thailand Italy

Belgium

0 0

Poland

Hungary

Iran

Indonesia

Vietnam

1 0

7. South Korea

2. France

8. Belgium

3. Taiwan

9. Italy

4. Germany

10. Thailand

5. Austria

Other

6. Malaysia

8 Grand Total

121

2012 EPS Imports By Origin

Other

101

121

800

2011 2012

Grand Total

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

1. China

Belgium-Luxembourg

No of Exporting

Grand Total (1000 ton)

Period

Finland

Grand Total

Grand Total (1000 ton)

Saudi Arabia

Top 10

countries

144

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Overview of Turkish Polystyrene Market

Selection of graphs created using ChemOrbis Price Wizard

Turkey GPPS Import vs Local Prices

Selection of graphs created using ChemOrbis Price Wizard

Turkey HIPS Import vs Local HIPS Prices

All prices exclude customs and antidumping duties.

146

Turkish Plastics Industry

All prices exclude customs and antidumping duties.

Almanac 2012

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Overview of Turkish Polystyrene Market

Selection of graphs created using ChemOrbis Price Wizard

Turkey HIPS vs China Import Prices

Selection of graphs created using ChemOrbis Price Wizard

Turkey GPPS vs China Import Prices

All prices exclude customs and antidumping duties.

148

Turkish Plastics Industry

All prices exclude customs and antidumping duties.

Almanac 2012

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Overview of Turkish Polystyrene Market

ChemOrbis Turkey Import Price Index - HIPS

ChemOrbis Turkey Local Price Index - HIPS

CFR Turkey Main Port (USD/mton)

EXW Turkey Main City (USD/mton)

150

Turkish Plastics Industry

High 2,194 2,200 2,147 2,139 2,000 2,117 2,075 2,069 2,072 2,100 2,114 2,045 2,000 2,085 2,088 1,950 1,950 1,948 1,986 1,850 1,860 1,825 1,825 1,800 1,750 1,857 1,884 1,885 1,882 1,913 1,941 1,973 1,930 1,930 1,934 1,981 1,950 2,038 2,020 2,006 2,031 2,000 2,032 1,972 1,979 1,900 1,850 1,819 1,800 1,810 1,740 1,725 1,730

Almanac 2012

Average 2,073 2,053 2,066 2,023 1,958 1,971 1,979 1,999 2,002 1,997 2,025 1,962 1,976 2,007 2,012 1,943 1,950 1,922 1,905 1,840 1,823 1,793 1,783 1,789 1,724 1,748 1,776 1,809 1,827 1,881 1,908 1,930 1,898 1,895 1,900 1,935 1,931 1,972 1,974 1,989 1,998 1,970 1,941 1,920 1,924 1,813 1,806 1,800 1,791 1,744 1,695 1,702 1,708

Prices exclude VAT which is 18% for Turkey

Low 1,970 1,970 2,000 1,940 1,940 1,920 1,940 1,910 1,960 1,920 1,900 1,930 1,950 1,950 1,950 1,925 1,950 1,898 1,830 1,830 1,800 1,741 1,716 1,750 1,700 1,680 1,750 1,750 1,800 1,850 1,880 1,880 1,880 1,865 1,860 1,900 1,900 1,925 1,900 1,950 1,950 1,900 1,900 1,890 1,890 1,780 1,780 1,781 1,780 1,680 1,652 1,673 1,680

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High 2,203 2,211 2,203 2,203 2,186 2,186 2,161 2,203 2,203 2,190 2,076 2,102 2,119 2,102 2,119 2,034 2,034 2,017 2,000 1,949 1,949 1,949 1,932 1,907 1,924 1,915 1,949 1,941 1,970 1,966 1,949 2,000 2,000 1,992 2,034 2,055 2,034 2,076 2,076 2,076 2,055 2,034 2,034 2,000 1,992 1,949 1,881 1,864 1,822 1,814 1,822 1,822 1,822

Average 2,134 2,132 2,135 2,142 2,101 2,096 2,098 2,135 2,117 2,122 2,053 2,052 2,073 2,061 2,093 2,006 2,002 1,981 1,956 1,934 1,931 1,909 1,875 1,846 1,829 1,836 1,893 1,898 1,909 1,916 1,911 1,967 1,969 1,980 1,990 2,009 2,005 2,025 2,014 2,039 2,031 1,995 2,008 1,976 1,961 1,907 1,864 1,853 1,813 1,798 1,780 1,768 1,794

Low 2,076 2,066 2,076 2,097 2,034 2,024 2,034 2,076 2,051 2,076 2,024 2,003 2,034 2,024 2,024 1,992 1,982 1,949 1,924 1,897 1,907 1,890 1,847 1,805 1,780 1,737 1,864 1,864 1,864 1,876 1,890 1,949 1,932 1,949 1,949 1,956 1,956 1,970 1,970 1,992 2,008 1,975 1,975 1,949 1,907 1,864 1,847 1,822 1,797 1,761 1,754 1,720 1,770

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Overview of Turkish Polystyrene Market

ChemOrbis Turkey Import Price Index - GPPS

ChemOrbis Turkey Local Price Index - GPPS

CFR Turkey Main Port (USD/mton)

EXW Turkey Main City (USD/mton)

152

Turkish Plastics Industry

High 1,920 1,900 1,939 1,930 1,800 1,860 1,858 1,852 1,877 1,918 1,907 1,821 1,800 1,903 1,908 1,853 1,821 1,750 1,752 1,650 1,650 1,640 1,630 1,604 1,540 1,642 1,642 1,672 1,620 1,680 1,724 1,752 1,730 1,771 1,725 1,864 1,874 1,811 1,800 1,800 1,820 1,800 1,815 1,775 1,807 1,700 1,653 1,666 1,640 1,680 1,540 1,542 1,540

Almanac 2012

Average 1,890 1,867 1,831 1,840 1,763 1,769 1,782 1,781 1,769 1,803 1,776 1,762 1,768 1,825 1,815 1,748 1,744 1,718 1,695 1,645 1,628 1,594 1,563 1,584 1,488 1,553 1,585 1,601 1,585 1,660 1,700 1,716 1,698 1,713 1,695 1,734 1,752 1,764 1,773 1,773 1,796 1,770 1,740 1,734 1,728 1,639 1,634 1,623 1,598 1,555 1,510 1,518 1,509

Prices exclude VAT which is 18% for Turkey

Low 1,850 1,800 1,800 1,780 1,740 1,720 1,750 1,750 1,710 1,700 1,700 1,720 1,750 1,780 1,750 1,680 1,700 1,701 1,640 1,640 1,600 1,544 1,519 1,530 1,440 1,480 1,550 1,550 1,550 1,650 1,680 1,680 1,680 1,680 1,678 1,679 1,700 1,725 1,750 1,750 1,775 1,720 1,700 1,700 1,690 1,600 1,620 1,550 1,550 1,480 1,480 1,500 1,480

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High 1,949 1,949 1,949 1,949 1,839 1,822 1,822 1,822 1,822 1,822 1,822 1,822 1,831 1,831 1,831 1,822 1,780 1,797 1,746 1,746 1,746 1,737 1,737 1,695 1,653 1,686 1,737 1,737 1,737 1,754 1,729 1,801 1,801 1,805 1,801 1,812 1,822 1,822 1,822 1,822 1,822 1,812 1,801 1,780 1,737 1,729 1,712 1,695 1,653 1,636 1,627 1,653 1,653

Average 1,916 1,902 1,893 1,884 1,815 1,801 1,807 1,789 1,780 1,793 1,786 1,792 1,809 1,809 1,806 1,786 1,762 1,768 1,735 1,703 1,715 1,713 1,678 1,635 1,621 1,641 1,674 1,678 1,703 1,709 1,714 1,755 1,766 1,775 1,769 1,784 1,788 1,806 1,804 1,797 1,795 1,762 1,770 1,764 1,723 1,702 1,677 1,661 1,635 1,613 1,599 1,607 1,608

Low 1,864 1,847 1,847 1,821 1,797 1,780 1,780 1,746 1,746 1,763 1,754 1,763 1,780 1,770 1,770 1,759 1,737 1,720 1,720 1,664 1,686 1,695 1,636 1,576 1,593 1,600 1,627 1,653 1,644 1,678 1,695 1,695 1,737 1,737 1,737 1,763 1,763 1,780 1,780 1,746 1,754 1,720 1,737 1,737 1,716 1,678 1,653 1,636 1,602 1,583 1,568 1,585 1,568

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Overview of Turkish Polystyrene Market

ChemOrbis Turkey Price Index Introduction

Turkish Plastics Industry

Almanac 2012

Turkey PET Market

Definitions of Categories

Methodology

154

Specifications:

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Overview of Turkish PET Market

Overview of Turkish PET Market PET 2012

The PET market started the year 2012 on strong footing due to rising costs. There was volatility in February with a small slump in prices before they rose again by month s end. March, however, kicked off a decreasing price trend that would last through the end of June for import prices and until the start of July for local prices. Both local and import prices followed a volatile path the rest of the year but the overall trend line was upwards. Import prices ended the year just slightly higher than the peak price in March. prices, however, did not reach the peak levels of the year.

All import prices include customs and antidumping duties. All local prices exclude VAT.

PET Bottle Prices

January 2012 began with relatively stronger sentiment compared to the previous month on the back of the better number of inquiries. Although it was not the high season for the beverage sector, firmer feedstock costs helped drive buyers to the market initially. Import offers began the month with increases of $20-40/ton and continued to increase into the second week of the month. Local producers in Turkey, inspired by rising import prices and higher costs, followed and lifted their prices. After the middle of the month, sentiment wavered when players realized that demand was not keeping up with the quickly rising pace of prices and that much of the rising

trend was the result of surging costs. . Import demand was still being affected by unclear tariff quotas that were to be given by the government, indicating how much material companies could bring into the country based on their past purchasing habits, as an exemption from the country s safeguard measures against PET imports. Up to 75,000 tons of imports were to be exempted during the year. The effect of the new legislation imposing safeguard measures, which was formalized in November 2011, was clearly seen in the import figures for December and January. Plus, China was going into New Year holidays at the end of January which temporarily affected sellers confidence. A few competitive offers showed up after midmonth, but sellers soon shook off the pessimism as costs continued to rise. By the end of January, the average import price was up by around $100/ton and local prices by $30/ton, according to the ChemOrbis Price Indices. Into the second month of the year, the PET market generally maintained its firm trend in line with limited prompt supply, which was due to severely depressed import figures in December and January and increasing freight rates from Asia to Turkey. European feedstock contracts, meanwhile, moved up by 102/ton for PX and 41/ton for MEG. Due to the increasing feedstock costs in Europe, and therefore increasing local PET prices there, most Middle Eastern producers preferred to direct their cargoes to that region and consequently fewer Middle Eastern PET materials were offered in the market. At the same time, the Chinese market opened the month of February with $30/ton higher prices following the Chinese New Year holiday and this situation caused Far East Asian cargoes to move up by around $100/ton to Turkey in the second week of February. Meanwhile, players reported that they were

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Overview of Turkish PET Market

beginning to receive their allocations for exemptions from safeguard measures, although no one agreed to reveal any details regarding their allocation amounts and kept these figures as closely guarded secrets. Buying interest improved during February and import figures for the month showed strong growth relative to the previous two months. Although buyers mostly remained silent in the first week of March, owing to their adequate stock levels, sellers were optimistic about achieving higher prices on the back of the upstream costs. However, upstream costs failed to support sellers as they lost ground on a month over month basis in the spot market. In the contract market, March Asian PX contracts gained $60/ton, below producers initial hike targets, while MEG contracts were settled at stable to $20/ton lower levels. Before spot feedstock costs closed the month with decreases, Far Eastern import PET offers had initially moved up by $10-20/ton and the distribution market gained $20-40/ton by mid-month. All prices exclude VAT.

ARTENIUS and MELTEM Prices

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Overview of Turkish PET Market

Despite these hike attempts, the lackluster demand along with the delayed high season for PET applications made it difficult for sellers to conclude deals and consequently, distributors were the first suppliers to step back from their initial offer levels, while it took the domestic producers longer to soften their offers before they conceded to $25-50/ton decreases. When coming to the end of March, import prices reached down to $1620/ton and prices below the $1600/ton threshold also started to be reported although these prices were not widely pronounced. April started on a soft note given the lower feedstock costs and lackluster demand although overall sentiment on the sellers side gained some strength for the second half of April. Comparatively improved weather conditions following a very rough winter led to slightly better end product demand in the beverage sector. Also, relatively smaller decreases that were starting to be seen in the Asian PET market played a role in sellers outlook. Despite the fact that new capacities in Asia and softer feedstock costs in that region weighed down on prices, there were some unexpected production issues in Asia along with PET producers concerns regarding their margins. The latter two issues helped slow the pace of decreases. Mitsui Chemicals experienced an explosion at its Yamaguchi petrochemical complex which led to a complete shutdown of a site that houses a 400,000 tons/year PTA plant and a 145,000 tons/year PET plant. Meanwhile, traders started to point to the increasing freight rates from Far East Asia, saying that it affected their costs. The PET market followed a steady to slightly softer trend over the course of April.

ChemOrbis

All prices include customs and antidumping duties.

PET Import Prices

Sellers reported seeing some improvements in demand in the first week of May when compared to the previous weeks since some large scaled buyers returned to the market. However, the overall buying interest was for restricted amounts and therefore, sellers continued to be open to negotiations. Despite the rather hopeful start of the month, lower Asian feedstock costs caused the import market to lose ground while higher freight rates from the Far East and the high customs duties for origins from that region caused import demand to slow down. Spot PTA and MEG lost $130/ton and $70/ton, respectively, on CFR China basis and PX retreated by $190/ton on FOB Korea basis over the month of May. Contract markets saw drops of $80/ton for MEG and $35/ton for PX. Accordingly, export prices from China lost three digit decreases during May, up to $150/ton. Overall import figures decreased almost by half from April to around 10,000 tons although nearly 70,000 tons of PET was imported during the first five months of 2012, according to ChemOrbis Statistics. May import figures showed that the tariff quota amount was about to be reached.

The PET market continued to plunge in June, reaching its lowest levels for the whole year 2012 during that month. Import prices dipped under the $1400/ton threshold on CFR basis with all customs duties included, and local prices dipped below the $1600/ton threshold exwarehouse basis, not including VAT for the only time that year. Feedstock costs were coming down and demand was considered very slow as buyers waited while prices were dropping. During June, new PET capacity of 600,000 tons/year was starting up in China. Guangdong IVL PET Polymer Corporation commissioned its 300,000 tons/year PET line, while China Resource Chemicals (Huarun) started up its PET line with the same capacity. In other news during the month, it was reported that India s Polyplex Group would build a new PET film plant in Tekirdag Province in Turkey with a capacity of 600,000 tons/year. The company planned to break ground in the first half of 2012. The company also said its second phase of investment in the country would include production of PET feedstock. In the first week of July, crude oil and naphtha prices jumped higher helping to raise PET feedstock costs. As a result, the month of July started off with higher PET import prices. NonEuropean PET import offers rose $65-75/ton the first week though the local market took some time to respond with domestic producers starting the month with decreases of $20-25/ton because of the previous slow demand. By the second week, feedstocks were still rising and many offers were made for August shipments due to availability issues. Indeed, imports in July fell from the June figure and then rose again in August. The local market responded by moving upwards by $55/ton. Local stocks were falling and local producers raised prices by $10-25/ton. Costs continued to rise during the month, pulling

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Overview of Turkish PET Market

up PET prices until the last week of the month when costs came down for the first time after four weeks. During July, it was reported that OmanÂ&#x2019;s Octal Petrochemical completed the second phase of its PET expansion project, which raised its capacity by 527,000 tons/year to 927,000 tons/year.

However, after mid-month it was reported that the import tariff quotas, which the Turkish government had appointed to individual companies to allow up to 75,000 tons of PET imports to be exempt from new, additional import tariffs imposed in 2012 were set to expire on October 21. The government was reportedly asking companies to declare the quantities which they had imported using the quotas. Sellers were hopeful that the expiration of the quotas would cause the local market levels to move higher in November. Overall the average import price ended up $60/ton at the end of the month, according to the ChemOrbis Price Index and the average local price was up $23/ton when compared to the start of the month, with most of the upward movement recorded just in the last week of the month.

The month of August started with no major changes in prices with minor fluctuations of $1030/ton. Price trends were a bit mixed during the month as the Ramadan holiday was taking place in the third week of the month, which caused both higher offers and discounts to be seen. Demand, which had improved in July, continued to improve in August. Many converters reported their satisfaction with end demand conditions. There was some hesitancy to purchase just before and just after Ramadan, but with costs moving up throughout the period, PET prices ended the month higher than they began. The average import price was up $34/ton by the end of the month and the average local price by $41/ton, according to ChemOrbis Price Index. Local producers also raised prices in the last week by $20-25/ton.

All prices exclude VAT.

Turkish Plastics Industry

In September, higher costs at the start were pushing import levels up even though demand was slow at the time, causing local levels to decline. In Europe, September MEG contracts settled with an increase of Â&#x20AC;100/ton and PX contracts were up Â&#x20AC;60/ton. Turkish buyers reported having stocks and expecting a downturn after September because of the low season, which dampened demand compared to the previous month. The Eurasia Packaging Fair in Istanbul held September 20th to 23rd also kept many buyers busy in the first half of the month and out of the market. The slow demand was seen more clearly on local levels as the overall distribution market price fell $17/ton on average compared to the start of the month whereas imports were up $55/ton on average. The end of September, however, saw a downturn in import prices as the Chinese market was to celebrate a week long holiday at the start of October. The October market started off quietly with demand in Turkey, as well as in Asia, offsetting higher costs. In Asia, China was celebrating a one week long holiday at the start of the month. In Turkey, buyers said they were comfortable with their stocks and were anticipating that the low season would bring prices down later. PET prices were softer at the start of the month as a result of the sluggish demand, which continued through to the Eid holiday held in the third week of the month.

PET Local Prices

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In August, it was reported that Artenius would be starting up a new PET plant in Italy with a capacity of 150,000 tons/year by the end of 2012.

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ChemOrbis

>In November the PET market had to contend with a ban on PET exports from Iran and additional tariffs of 7.5% on imports. In the last days of October, Iran announced it was banning exports of many products including PET. Until that point, Iran had been the 2nd largest supplier to Turkey. Nevertheless, import prices turned down at the start of the month as imports after November 8 were subject to the additional tariff duties of 7.5%, plus overall demand was slowing. As sellers had predicted, prices in the local distribution market did jump higher in the first week compared to the end of October by around $20/ton on average. The end market continued to slow, however, in line with the low season and prices did not follow a straight line upwards as some sellers were ready to give discounts in the face of slowing demand. Local prices ended the month slightly lower than at the start of the month, though they were higher when compared

to the start of October. The import market, on the other hand, recovered later in the month and moved higher because of costs. The average import price was up around $42/ton from the start of the month. The rising price trend that began at the end of November led to better demand at the start of December. Notable price increases were recorded in the first two weeks of the month. Partly behind the increases was the fact that Asian producers had been cutting back on operating rates as they had to contend with high costs and lower demand in the recent months. At the same time, the ban on exports of Iranian PET had not been lifted in November like it had for PE and PVC. It was expected to be lifted in mid-December. After mid-month, import prices continued to firm up steadily and surpassed the level of the distribution market for the only time during 2012. The average import price was up $85/ton by the end of December compared to the start of the month and local prices were up $64/ton. The year 2012 ended in the last week with import PET prices higher than the local market for the first time that year when adding relevant customs duties to imports. On the contrary, local prices carried at least a $100/ton premium for the first ten months of the year and even a $200/ton premium during the summer over import prices.

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Turkey s PET Imports

PET(Bottle)

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PET(Bottle) Imports By Year

YOY Change in PET(Bottle) Imports (%)

YOY Change in PET(Bottle) Imports

2012 Average PET(Bottle) Import Price (Usd/mton)

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Turkey s PET Imports

Imports by Country - PET 2001 2012

Top 20 (1000 mton)

2012 Monthly PET(Bottle) Imports

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Pakistan

Iran

Vietnam

24 1

United Arab Emirates China

India

Malaysia

Italy

0 2

Indonesia Taiwan

236

200

2012 Monthly Average PET(Bottle) Import Price (Usd/mton)

23 15

1 0

Thailand

Greece

United Kingdom

USA Germany

Saudi Arabia South Korea

Grand Total

Oman Spain

2011 2012

0 0

Russian Federation

10 6

Other

Grand Total

105

128

156

175

173

1,001

2011 2012

Grand Total

Period

No of Exporting

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

countries

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TurkeyÂ&#x2019;s PET Imports

Selection of graphs created using ChemOrbis Price Wizard 2012

Top 10

Grand Total (1000 ton)

1. Pakistan

7. Malaysia

2. Iran

8. United Arab Emirates

3. Indonesia

9. Oman

4. Taiwan

10. Italy

5. China

Other

6. Thailand

8 Grand Total

2011 - 2012 ARTENIUS and MELTEM PET Bottle Prices

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All prices exclude customs and antidumping duties.

2012 PET(Bottle) Imports By Origin

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Overview of Turkish PET Market

ChemOrbis Turkey Local Price Index - PET Bottle

ChemOrbis Turkey Import Price Index - PET Bottle

EXW Turkey Main City (USD/mton)

CFR Turkey Main Port (USD/mton)

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High 1,740 1,733 1,743 1,683 1,658 1,703 1,683 1,680 1,683 1,693 1,683 1,683 1,707 1,713 1,683 1,683 1,683 1,653 1,650 1,634 1,663 1,650 1,638 1,634 1,634 1,650 1,630 1,678 1,733 1,750 1,750 1,780 1,801 1,832 1,826 1,832 1,830 1,840 1,875 1,875 1,920 1,881 1,881 1,881 1,875 1,824 1,800 1,800 1,823 1,773 1,760 1,760 1,775

Almanac 2012

Average 1,725 1,719 1,702 1,661 1,653 1,676 1,660 1,675 1,656 1,631 1,624 1,633 1,657 1,673 1,636 1,674 1,652 1,632 1,624 1,611 1,628 1,623 1,611 1,573 1,613 1,617 1,627 1,661 1,701 1,714 1,741 1,759 1,769 1,794 1,796 1,800 1,802 1,802 1,823 1,843 1,880 1,841 1,850 1,839 1,866 1,804 1,775 1,751 1,765 1,745 1,744 1,732 1,738

Prices include customs and anti-dumping duty wherever applicable

Low 1,700 1,700 1,675 1,650 1,650 1,650 1,650 1,670 1,650 1,600 1,600 1,620 1,620 1,650 1,600 1,650 1,625 1,600 1,590 1,600 1,609 1,584 1,584 1,530 1,589 1,580 1,625 1,650 1,670 1,700 1,730 1,735 1,752 1,770 1,765 1,770 1,780 1,770 1,800 1,800 1,820 1,800 1,825 1,800 1,850 1,773 1,750 1,720 1,750 1,725 1,725 1,700 1,710

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ChemOrbis

High 1,813 1,767 1,778 1,733 1,664 1,630 1,619 1,591 1,613 1,544 1,535 1,545 1,560 1,566 1,524 1,504 1,566 1,544 1,648 1,478 1,468 1,512 1,421 1,448 1,411 1,401 1,406 1,491 1,545 1,576 1,629 1,672 1,683 1,699 1,669 1,658 1,736 1,742 1,720 1,761 1,832 1,811 1,812 1,853 1,842 1,720 1,720 1,725 1,725 1,657 1,657 1,651 1,597

Average 1,760 1,729 1,704 1,675 1,633 1,602 1,585 1,591 1,586 1,519 1,525 1,526 1,541 1,560 1,499 1,486 1,490 1,471 1,496 1,456 1,453 1,464 1,421 1,430 1,384 1,377 1,392 1,458 1,521 1,563 1,586 1,638 1,639 1,642 1,641 1,648 1,681 1,699 1,692 1,735 1,751 1,730 1,741 1,741 1,749 1,704 1,692 1,655 1,626 1,589 1,594 1,575 1,576

Low 1,713 1,713 1,658 1,635 1,602 1,522 1,555 1,591 1,491 1,504 1,502 1,509 1,524 1,555 1,463 1,463 1,463 1,442 1,442 1,442 1,442 1,411 1,421 1,416 1,339 1,339 1,374 1,442 1,504 1,545 1,545 1,597 1,597 1,612 1,607 1,638 1,638 1,669 1,645 1,700 1,695 1,625 1,664 1,644 1,695 1,679 1,633 1,572 1,540 1,500 1,510 1,500 1,555

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ChemOrbis ARTENIUS Local Price Index - PET Bottle

ChemOrbis MELTEM Local Price Index - PET Bottle

EXW Turkey Main City (USD/mton)

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High 1,733 1,733 1,733 1,733 1,733 1,683 1,683 1,733 1,700 1,733 1,733 1,733

Average 1,716 1,716 1,716 1,716 1,716 1,679 1,679 1,716 1,700 1,716 1,716 1,716

Low 1,700 1,700 1,700 1,700 1,700 1,675 1,675 1,700 1,700 1,700 1,700 1,700

1,683 1,625 1,634 1,634 1,634 1,653

1,666 1,625 1,617 1,617 1,617 1,639

1,650 1,625 1,600 1,600 1,600 1,625

1,625 1,634 1,625 1,650 1,650 1,680 1,700 1,750 1,750 1,775 1,800 1,800 1,800 1,800 1,800 1,800 1,881 1,931

1,625 1,617 1,625 1,650 1,650 1,680 1,700 1,750 1,750 1,775 1,800 1,800 1,800 1,800 1,800 1,800 1,865 1,915

1,625 1,600 1,625 1,650 1,650 1,680 1,700 1,750 1,750 1,775 1,800 1,800 1,800 1,800 1,800 1,800 1,850 1,900

1,931 1,900 1,931 1,900 1,800

1,915 1,900 1,915 1,885 1,800

1,900 1,900 1,900 1,870 1,800

1,750 1,750 1,750 1,750 1,750

1,750 1,745 1,745 1,745 1,745

1,750 1,740 1,740 1,740 1,740

Almanac 2012

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ChemOrbis

High 1,733 1,733 1,766 1,717 1,717 1,723 1,717 1,737 1,737 1,737 1,648 1,648 1,668 1,699 1,678 1,678 1,648 1,639 1,653 1,653 1,697 1,642 1,628 1,590 1,638

Average 1,716 1,716 1,738 1,690 1,687 1,689 1,683 1,711 1,711 1,719 1,634 1,634 1,659 1,674 1,659 1,646 1,622 1,619 1,631 1,631 1,655 1,621 1,609 1,590 1,624

Low 1,700 1,700 1,700 1,650 1,650 1,650 1,650 1,670 1,670 1,700 1,620 1,620 1,650 1,650 1,640 1,620 1,600 1,600 1,610 1,610 1,600 1,600 1,590 1,590 1,610

1,653 1,737 1,801 1,801 1,750 1,800 1,800 1,800 1,875 1,875 1,800 1,800 1,931 1,850 1,850 1,924 1,924 1,924 1,924 1,825

1,639 1,703 1,763 1,763 1,745 1,800 1,800 1,800 1,837 1,837 1,800 1,800 1,879 1,850 1,850 1,893 1,887 1,887 1,868 1,812

1,625 1,670 1,725 1,725 1,740 1,800 1,800 1,800 1,800 1,800 1,800 1,800 1,825 1,850 1,850 1,850 1,850 1,850 1,825 1,800

1,775 1,750 1,750 1,750 1,750 1,750

1,756 1,750 1,750 1,737 1,737 1,737

1,740 1,750 1,750 1,725 1,725 1,725

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Overview of Turkish PET Market

ChemOrbis Turkey Price Index Introduction

Turkish Plastics Industry

Almanac 2012

ChemOrbis Events

Definitions of Categories

Methodology

174

Specifications:

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ChemOrbis

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ChemOrbis Events

2012 Events

ChemOrbis organizes local and international events where market players from all over the world gather to discuss important issues in the plastics industry and build new relationships in a unique networking environment.

March 5, 2012 3rd ChemOrbis Asia Meeting Kuala Lumpur Convention Centre, Kuala Lumpur

All market players

More than 450 attendees from 270 companies and 15 countries attended the 3rd ChemOrbis Asia Meeting.

ChemOrbis Events are open to;

involved in the plastics industry as well as companies

Â&#x2022; All market players in the plastic world-- converters, distributors, traders and producers of polymers in addition to other companies active in the sector including machinery producers, ancillary service providers, additive producers, compounders, logistics companies, financial companies etc. who are interested in a review of the latest market trends.

offering products and services for the industry can participate in ChemOrbis events.

Â&#x2022; Top management and corporate executives from the industry worldwide.

ChemOrbis Events Participation Profile

4% President

2% CEO

26% Director

20% Company Owner

Event Sponsors

5% Executive

Media Sponsor

43% Manager

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ChemOrbis Etkinlikleri

ChemOrbis 3rd Asia Participants List China

Dharma Kridatama Pt

Beijing Sunshine International Freight Co Ltd

Garudafood Putra Putri Jaya Pt

Chem1 Consulting (Beijing) Co.

Hermon Persada Indah Plastik Pt

CPG (HK) Limited

Indoplastic Prima Lestari Pt

KOCO Group Limited

Japfa Comfeed Indonesia Tbk Pt

Sinochem Plastic Co. Ltd (China)

Kerta Rajasa Raya Pt

Sunghwa International Limited

Lidah Buaya Group

Wipro Limited / Dongguan Unza Consumer

Masolikalerindo Perkasa PT

Products Co Ltd

Muara Agung Perkasa Pt

Xiamen C&D Inc

Pertamina (Persero) Pt

Zhejiang Future Petrochemical Co Ltd

Sinar Joyo Boyo CV Sumber Bengawan Plasindo PT Sumber Plastik

Hungary

Sumplas Dwi Sapta Pt

Borsodchem Co. Ltd

Tri M India Azelis (India) Pvt Ltd

Italy

Bhavik Enterprises Ltd

ASSOCOMAPLAST

Lila Polymers Pvt Ltd

CMS Spa

Meet Marketing (I) Pvt Ltd

DOTECO S.R.L.

Perfect Exim International

Ecoplastica srl

Plastichemix Industries

Frigel Firenze SpA

Renuka Agencies

Luigi Bandera SpA

Sindhu (India) Private Limited

Tecnomatic Srl

Indonesia

Japan

A Schulman Plastics PT

Pantech Co Ltd

Agromega Indopratama Akino Wahanamulia PT

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Malaysia

Alam Jaya Primanusa PT

(Malaysian Plastics Manufacturers Assocition)

Anta Tirta Kirana PT

MPMA

Asosiasi Industri Plastik Hilir Indonesia (APHINDO)

Adtech Malaysia Sdn Bhd

Bilplast Grapindo Pt

Aeries Plastic Industries Sdn Bhd

Chandra Asri Petrochemical Tbk PT

Aik Joo Can Factory Sdn Bhd

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ChemOrbis Events

182

Ampacet Malaysia Sdn Bhd

Hypak Sdn Bhd

Paling Industries Sdn Bhd

Simfoni Cekap Sdn Bhd

AmPlast Sdn Bhd

ICO Polymers (Malaysia) Sdn Bhd

Perfect Plastic Sdn Bhd

Simply Packaging Sdn Bhd

Arah Johan Sdn Bhd

Industrial Resins (Malaysia) Sdn Bhd

Perodua Manufacturing Sdn Bhd

Sinliplas Holding Sdn Bhd

Arburg Sdn Bhd

IP Logistics (M) Sdn Bhd

Perusahaan Chew Hur Sdn Bhd

Sinplast Enterprise Sdn Bhd

Asia Sourcing Company

Isochem (M) Sdn Bhd

Perusahaan Jaya Plastik (M) Sdn Bhd

Sonyu Plastic Industries Sdn Bhd

Asia Woven Packaging Sdn Bhd

Italian Trade Commission (Malaysia)

Perusahaan Kimia Gemilang Sdn Bhd

S-Plas Machinery Sdn Bhd

Associated Air-Pak Industries Sdn Bhd

ITW Meritex Sdn Bhd

Perusahaan Otomobil Nasional Sdn Bhd (Proton

Stenta Films (M) Sdn Bhd

Belges Materials Supply Sdn Bhd

Jebplus Sdn Bhd

Sdn Bhd)

Styrene Foam Sdn Bhd

Bold Vision Sdn Bhd

Johstar The Plastic Man (M) Sdn Bhd

PETRONAS Chemicals Group Berhad

Sudi Laju Sdn Bhd

BP Plastics Holding Bhd

Joubert Sa Malaysia

Petronas Chemicals Marketing Sdn Bhd

Sumima Sdn Bhd

Chevron Phillips Chemical Malaysia Sdn Bhd

Kamma Klang Enterprise Sdn Bhd

Petronas Petroleum Management Unit

Sunsui Plastic Industries Sdn Bhd

Chiga Light Industries Sdn Bhd

Karich Sdn Bhd

Plasland Marketing Sdn Bhd

Syarikat Cheang Kee Plastic

Chin Hong Trading & Packaging Sdn Bhd

Kekwa Indah Sdn Bhd

Plastflute Industries Sdn Bhd

Synplastic Industries Sdn Bhd

Chong Wah Plastics Sdn Bhd

Kian Wah Plastic & Tobacco Sdn Bhd

Plastic Centre Sdn Bhd

Tai Seng (Muar) Sdn Bhd

Compounding & Colouring Sdn Bhd

Kin Ho Hardware & Engineering

Plastics and Rubber Asia (PRA)

Taiko Drum Industries Sdn Bhd

Concrete Jointing Systems (Malaysia) Sdn Bhd

Lean Giap Enterprise Sdn Bhd

Plasticycle Industries Sdn Bhd

Tauplene Industries Sdn Bhd

Daibochi Plastic And Packaging Industry Bhd

Lipta Plastic Industries Sdn Bhd

Plastik V Sdn Bhd

Teong Chuan Plastic (M) Sdn Bhd

Damco Logistic Malaysia Sdn Bhd

Logomas Packaging Sdn Bhd

Polysplit Industries Sdn Bhd

Teong Kim Plastic Industries Sdn Bhd

Dow Chemical (Malaysia) Sdn Bhd

Lubrizol Advanced Materials (M) Sdn Bhd

Poly-Yarn Industries Sdn Bhd

THM Plastic Industries Sdn Bhd

Durapower Sdn Bhd

Lum Mah Plastic & Printing (M) Sdn Bhd

PP Products Sdn Bhd

Thong Guan Plastic & Paper Industries Sdn Bhd

Dynamic Frank Sdn Bhd

Malayan Electro-Chemical Industry Co Sdn Bhd

Qatar Petrochemical Company Ltd (QAPCO) -

Tionale Industries Sdn.Bhd

EB Packaging Sdn Bhd

MECI

Malaysia Representative Off

Titan Petchem (M) Sdn Bhd

Emery Oleochemical (M) Sdn Bhd

Malaysia Automotive Institute

Ralco Plastic Sdn Bhd

Titan Trading Corp. Ltd

Eng Hing Plastic Industries Sdn Bhd

Mapo Industries Sdn Bhd

Rieckermann (Malaysia) Sdn Bhd

Toling Corporation (M) Sdn Bhd

Enge Plas Automation Sdn Bhd

Masfloor Sdn Bhd

Rublelon Marketing Sdn Bhd

Tomher Industrial Sdn Bhd

Euro SME Sdn Bhd

M-Come Plastic Manufacture Sdn Bhd

San Hiap Plastic Trading & Manufacturing Sdn

Toyo Ink Sdn Bhd

Everyday Brush Industries (M) Sdn Bhd

Medicompounds Manufacturing Sdn Bhd

Bhd

Transways Logistics (M) Sdn Bhd

FA Concept Design & Build

Merit Industries Sdn Bhd

Scientex Packaging Film Sdn Bhd

Trinity Greenworld (M) Sdn Bhd

Golden Pet Industries Sdn Bhd

MHT Manufacturing Sdn Bhd

Seacera Polyfilms Sdn Bhd

Tufbond Technologies Sdn Bhd

Grand Elastomers Specialist Sdn Bhd

MPI Polyester Industries Sdn Bhd

Seacorp Sdn Bhd

Various Resources (M) Sdn Bhd

Great Wall Plastic Industries Berhad

Naza Bikes

See Hau Global Sdn Bhd

VISKO Industries Sdn Bhd

Guppy Plastic Industries Sdn Bhd

Nestle (Malaysia) Berhad

Sekoplas Industries Sdn Bhd

Viscount Plastics (Malaysia) Sdn Bhd

Helio Plastic Industries Sdn Bhd

Nylex (Malaysia) Bhd

Sheng Foong Plastic Industries Sdn Bhd

Wanpow Plastic Industries Sdn Bhd

Hond Tat Industries Sdn Bhd

Omya Asia Pacific Sdn Bhd

Silver Poly Sdn Bhd

Wei Tu Sdn Bhd

Turkish Plastics Industry

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ChemOrbis Events

UAE

Weida Integrated Industries Sdn Bhd

TCR (Singapore) Pte Ltd

Wilson & York Global Advisers Sdn Bhd

Total Petrochemicals South East Asia Pte Ltd

Israni Colour Chemicals (LLC)

Win Smith Packaging Sdn Bhd

Tricoplus International

Versons Group of Companies

Worldwide Resins & Chemicals Sdn Bhd WT Plastic Products Sdn Bhd Yang Ming Line (M) Sdn Bhd Philippines

USA

Taiwan A&B Chemical Corporation

Global Polyolefin Solutions, Townsend Solutions

Formosa Plastics Corporation

ICD America LLC

Jampoo Union Corp

IHS Global Insight

Astrobag Manufacturing Corp Eastone Industrial & Development Corp

Vietnam

Thailand

Hantex Trading Company, Inc

HMC Polymers Co Ltd

C-Chem Representative Office

JR Plastic Manufacturing Corporation

King Pac Industrial Co Ltd

Danang Chemical and Electrical Material Joint

Neltex Development Company Inc

Krungthai Plaspack Co, Ltd

Stocks Company

Sencar Industrial Corp

Lubric Precision Co Ltd

Ha Viet Import Export Joint Stock Company

Unibag Manufacturing Corporation

MMP Corporation Ltd

Ly Xuan Lan Plastic Co Ltd

Nexant Asia Ltd

OPEC Plastics

P. P. Packaging Co Ltd

Petroleum Industrial Material Distribution

Borouge Pte Ltd

Prowell Enterprise Co Ltd

Company (PIMD)

Braskem Singapore Office

SKJ Industries Company Limited

Phu My Plastics & Chemical Co, Ltd

Chevron Phillips Chemicals Asia Pte Ltd

Synergy Plaschem Co, Ltd

Rkw Lotus Ltd

CWT Limited

Thai Plastic Bags Industries Co Ltd

Tan Viet Quang JSC

Gama Petrochemicals Pte Ltd

Vava Pack Co Ltd

Tien Hung Trading Corporation

Singapore

Koepcke Food (Asia) Pte Ltd Krishn-Aks Global Pte Ltd

Turkey

Kwong Yu Industries (S) Pte Ltd

Active Kimya Makina San. Ve Tic. A.Þ

Linivin Chemlon Pte Ltd

ARCELIK A.S.

Megastrike International Pte Ltd

Arkem Kimya San.ve Tic.A.Þ.

Noble Resources International Pte Ltd

Dizayn Teknik Plastik Boru Ve Elemanlari San ve

Pallets Asia Pte Ltd

Tic A.S.

Planet Asia Pte Ltd

Naksan Plastik San. Ve Tic .A.S.

Sabic Asia Pacific Pte Ltd

PENTHOL

Schenck Process GmbH (Singapore)

SAY POLYMERS B.V.

Sinochem Trading (Singapore) Pte Ltd

Teris Kimyevi Maddeler Tic Ve San A.S.

Sumitomo Chemical Asia Pte Ltd

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ChemOrbis Events

2012 Events May 7, 2012 2nd ChemOrbis Polymer Insights Meeting Milanofiori Congress Centre, NH Milanofiori - Italy

More than 150 participants attended the 2nd ChemOrbis Polymer Insights meeting in Italy.

Event Sponsors

Medsa Sponsors

188

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ChemOrbis

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189

ChemOrbis Events

2nd ChemOrbis Polymer Insights Meeting Participants List Italcomp Srl

Germany A. SCHULMAN GmbH

ITALPASTICA Srl

Kemia Trading

KATOEN NATIE ITALIA Srl LAMPLAST

France Alfatherm SpA

LyondellBasell

ARKEMA (ORA Kem One)

MAG.MA SpA

Kemia Trading

Mainetti SpA Manuli Stretch SpA

Spain A. SCHULMAN PLASTICS S.L.

Microcell Srl

VERSALIS

Mobe International Moplast Industriale SpA

Italy

190

A. SCHULMAN PLASTICS SpA

Mossi & Ghisolfi

A. SCHULMAN SAS

NAR SpA

a.b.m. Italia S.p.A.

NOVAPET

A.D. COMPOUND SpA

PAIF

ATEX Srl

PAS PLASTICA ALTO SELE

BOREALIS

Plast.Com

Bormioli Rocco e Figlio SpA

PLASTISAVIO SpA

BRENNTAG SpA

PM Chemicals

CAMPANINI UGO SpA

PRIMPEX SpA

COEM SpA

RENOLIT GOR SpA

Colortec

Repsol Quimica SA

Costruzioni Meccaniche Luigi Bandera SpA

RPC COBELPLAST MONTONATE

Dynasol Elastomers SA

Sealed Air

Ecoplastica Srl

SEWS CABIND SpA

Electrolux Home Products Italy SpA

SIMAP Srl

F2M Consulting Srl

Sirsa SpA

FAGGYTT ITALIA SRL

Sitech Srl

FILATI MERIDIONALI Srl

SO.F.TER. SpA

GOGLIO SpA

STIR SpA

IIFF

Styrolution

IMI FABI SpA

TENAX SpA

Ineos ChlorVinyls

Treofan Italy

Intermodaltrasporti

TREPACK SRL

Interpolimeri

TRICON ENERGY INC.

IPC Impact Plastic Compounds GmbH

Versalis

Isa Srl

VIBAC SpA

Italcom Srl

WHIRLPOOL EUROPE Srl

Turkish Plastics Industry

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ChemOrbis

ChemOrbis Events

2012 Events September 17, 2012 1. ChemOrbis Turkey Annual Meeting Hilton Convention Center Â&#x2013; Istanbul

More than 300 participants from 26 countries attended the fitst ChemOrbis Turkey Annual Event held in Istanbul.

Event Sponsors

Media Sponsor

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ChemOrbis Events

1. ChemOrbis Turkey Annual Meeting Participants List Algeria

Netherlands

Boykan Gümrük Müþavirligi Ltd. Þti.

Ýlhan Plastik Sanayi ve Tic. Ltd. Þti.

ChemPartners

Cana Pls. Kim. Mad. Teks. Mad. Yað. Tur.

Ýnan Plastik Makinalarý San. Ve Tic. Ltd. Þti.

Greif

Ýnþ.San.Tic.Ltd. Þti

Karex Polymers & Petrochemicals Ltd.

Say Polymers B.V.

Cms Concept Plastik Ambalaj Tekstil San. Tic.

Kempro Kimyasal Mad. Ve Dýþ.Tic.Ltd.

A.Þ.

Koluman Plastik Ýthalat Ýhracat San. Tic. Ltd. Þti.

Constab Middle East Polimer A.Þ.

Kompen A.Þ.

Deka Elektroteknik Sanayi Ve Ticaret A.Þ.

Korozo Ambalaj San. Ve Tic. A.Þ.

Dereli Dýþ Ticaret Ltd. Þti.

Köksan PET ve Plastik Amb. San. ve Tic. A.Þ.

Dow Chemicals

Ktm Polimer Kim. Mad. Amb. Nak. Dep. San.

Dow Türkiye Kimya Sanayi Ve Tic. Ltd. Þti.

Ve Tic. A.Þ.

E Polimer Plastik Boya Kimya San. Tic. A.Þ.

LG International Corp . Istanbul Office

Egeplast Ege Plastik Tic. Ve San. A.Þ.

Lyondell Basell Turkey

Elastron Kimya Sanayi ve Ticaret A.Þ.

Malatya Sent. Cvl. Dkm. Gýd. San Ve Týc Ltd.Þti.

Elita Gida - SUNAR GRUP

Markem

Emaþ Plastik Sanayi ve Ticaret A.Þ.

Marubeni Corporation, Istanbul Main Branch

Abdioðullarý Plastik ve Ambalaj San. A.Þ

Enerji Petrol Gaz

Meltem Kimya Tekstil San. Ýth. Ýhr. ve Tic. Ltd.

AccessTurkey Capital Group

Engel Enjeksiyon Makineleri Tic. Ltd. Þti.

Þti.

Acran Boðaziçi Kimya A.Þ.

Erçakar Plastik Dýþ.Tic. A.Þ.

MFC Commodities A Member of the MFC Group

Active Distribution Polimer Ltd.Þti.

Erçakarlar Plastik

Mir Teknoloji Holding (Dizayn Grup)

Akdeniz Kimya Sanayi Ve Ticaret A.Þ

Esen Plastik San. Ve Tic.A.Þ.

MKS Marmara Entegre Kimya Sanayi A.Þ.

Alýþan Uluslararasý Taþýmacýlýk

Eskapet Pet Ürünleri Ltd. Þti.

Mts Lojistik ve Taþýmacýlýk Hizmetleri Tic. A.Þ.

Alkem Teknik Hizmet Ltd. Þti.

Evci Plastik San. Ve Tic. Ltd. Þti.

MTS Uluslararasý Taþýmacýlýk ve Tic. A.Þ.

Basix S.p.A

Ansa Ambalaj San. ve Tic. A.Þ.

Farmamak Amb. Mad. Ve Amb. Mak. San. Ve

Naksan Holding

Mobe International S.R.L.

Arçelik A.Þ

Tic. A.Þ.

Nepa-Kol Plas. Kim. Madd. Petrol Ve Tur. Tic.

Nord Color S.p.A

Arkem Kimya San.Ve Tic.A.Þ.

Fatih Plastik Ve Kimya San. Tic. Ýlhan Kalem

Ltd. Þti.

Sipet Makina Ve Kimya Tic. A.Þ.

Artenius Türkpet Kim. Mad.Ve Pet

Fiva Plastik San. Ve Tic. Ltd. Þti.

Novaplast Plastik Sanayi Ve Ticaret A.Þ.

Amb.Malz.San.A.Þ.

Flashpen Plastik A.Þ.

Oxyde Chemicals, Inc Türkiye Ýrtibat Ofisi

Aschem

Ford Otosan

Özdal Tekstil ve Çuval San. Ve Tic. A.Þ.

Asel Petrokimya San. Ve Tic. Ltd. Þti

Gema Polimer Plastik Ürünleri San. Ve Tic. A.Þ.

PAGDER

Bareks Film Ekstrüzyon San. Tic. A.Þ.

Green and Black Marine Logistics

PAGEV

Basýn

Huzur Pls. Kim.Mad.Ith.Ihr.San. Ve Tic. Ltd. Þti.

Pakpen Plastik Boru Ve Yapý Elm. San. Ve Tic.

Bayegan Dýþ Tic. A.Þ.

Icc Trading Inc. U.S.A.

A.Þ.

Bericap Kapak San A.Þ

IKEA Diþ Ticaret Ltd. Þti.

Paneks Polymers Chemicals Industry @Trade

Borealis A.G. Türkiye Þubesi

Interbulk

Ltd. Co.

SARL Bavely Austria MFC Commodities, Austria Belgium

Poland

Chevron Phillips Chemicals International Nv Ravago Group Europe

Russian Federation

China

Quest International Trading S.A.

Bay Chemicals Trading Co.,Ltd Sunway Investment Holdings Corp. Germany IHS Chemical

Advanced Petrochemical Company Novapet Thailand

Greece

Nexant Asia Ltd.

Pentaplast

Turkey

Hungary BorsodChem Zrt India AVI Global Plast Pvt. Ltd. Iran Golriz Polymer Qom Italy

Korea SK Global Chemical Lebanon Polymer Process Industries - Ppi Lybia Aleiwan Holding Group Morocco Ines

Turkish Plastics Industry

Saudi Arabia Spain

Aleiwan Holding Group + SDZ

196

Dow Europe Gmb

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ChemOrbis Events

Paþabahçe Cam Sanayi Ve Tic. A.Þ.

Taþkim Pls. Metal Ve Kimya Ürunleri San. Tic.

Penthol C.V

Ltd. Þti.

Petkim Petrokimya Holding A.Þ.

Tekinplast Plastik Tic. Ltd. Þti.

Petrochemical Commercial Co. Turkey Office

Teknopet Plastic Prod. and PET Pack. Corp.

Petrokem Polimer Ve Kimya Tic. A.Þ.

Teriþ Kimyevi Maddeler Tic. Ve San. A.Þ.

Petromar Trading

Tetaþ Ýç ve Dýþ Tic. A.Þ.

Pidok Plastik ve Ýplik Dokuma San. Tic. Ltd. Þti.

TOSAF

Pimaþ Plastik Ýnþaat Malzemeleri A.Þ.

Total Petrochemicals, Petrofina S.A. Turkey

Plasmar Plastik Ve Kimya San. Ve Dýþ Tic. A.Þ

Branch

Plaspak Kimya Sanayi Ve Ticaret Ltd. Þti.

Traside Impeks Dýþ.Tic.Ltd.

Polibak Plastik Film San. ve Tic. A.Þ.

Tresol Kimya Dýþ Tic.Ltd. Þti.

Polimeras Pls. Enerji San. Ve Tic. Ltd.Þti.

Tricon Energy Türkiye

Polimeri Europa Turkey

Uður Plastik PVC Amb.Teks. San. Tic. Ltd. Þti.

Polinas Plastik San. Ve Tic. A.Þ.

Ultra Polymers Turkey

Polydist Tky Sanayi Ve Ticaret A.Þ.

Ulu Polimer Petrokimya San. Ve Tic. Ltd. Þti.

PolyOne Tekno Polimer Müh. Plas.San. Ve Tic.

UR-SA Plastik Ambalaj ve Tekstil Ltd. Þti.

A.Þ.

Ünal Sentetik Dokuma San. Ve Tic. A.Þ.

Polystan Polimer Sanayi Ve Dýþ Tic. Ltd. Þti.

Vestel Beyaz Eþya San. Ve Tic. A.Þ.

Quest Energy Ltd.

Vinmar Turkey

Rdm Ýç Ve Dýþ Tic. Ltd Þti.

Yantaþ Yavuzlar Plastik San. Ve Tic. A.Þ.

Recydia A.Þ.

Yapkim Yavuzlar Plastik ve Kimya San. Tic. A.Þ.

Reliance Industries Limited

Zeugma Pls. Kimya iç ve Dýþ Tic. A.Þ

Resinex - Bmy Plastik Kimya San. Tic. A.Þ.

Green Star Polymer

Samsung C&T Corporation

Israni Colour Chemicals (LLC)

Sebak Dýþ Tic Ltd Þti.

NCT Middle East FZE

Sem Plastik San. Ve Tic. A.Þ.

Rakha Al-Khaleej Int. LLC

opportunities, please visit turkey.chemorbisevents.com.

turkey.chemorbisevents.com Event Sponsors

United Kingdom

Starflot Plastik Dýþ. Tic. A.Þ.

Continental Kimya San. Ve Dýþ Tic. A.Þ

Sumitomo Chemical Europe N.V. Turkey Liaison

Procurian

Office

Tricon Energy US

Sumitomo Corporation Dýþ Ticaret A.Þ

Vinmar International Ltd. Media Sponsor

Süperfilm Ambalaj San Ve Tic. A.Þ.

Almanac 2012

registration and sponsorship

USA

Socar Turkey Enerji A.Þ

Turkish Plastics Industry

For more information regarding

Sanders Polyfilms Ltd.

Silco Dýþ Tic. Ltd Þti.

198

Do not miss ChemOrbis 2nd Turkey Annual Event which will be held on September 11, 2013.

UAE

Rimpeks Mümessillik Ýç Ve Dýþ Tic. A.Þ.

Serenay Ambalaj San Tic Ltd. Þti.

Mark your calenders!

www.chemorbis.com

ChemOrbis

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ChemOrbis

Services

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About ChemOrbis

ChemOrbis is a global business network serving the plastics industry since 2001.

Global Plastics Community 61,500+ Members >

Geographical breakdown of ChemOrbis members

1% ROW 3% Middle East 32% Asia

8% Indian Subcontinent

9% Turkey

27% Europe 20% Americas As of March 2013

ChemOrbis members are real and active players operating in the plastics industry.

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About ChemOrbis

Refined Member Base >

Global & In-depth Coverage

Breakdown of ChemOrbis members by business type

65%

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24%

OTHER* (Masterbatch producers, recyclers, compounders, etc.)

10%

POLYMER TRADERS/DISTRIBUTORS

POLYMER MANUFACTURERS

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CHINA

TURKEY

ITALY

EGYPT

SOUTHEAST ASIA

INDIA

RUSSIA & CIS

NORTHWEST EUROPE

AMERICAS

AFRICA & MIDDLE EAST

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ABS

All commodity polymers in key spot markets driving supply and demand are covered by ChemOrbis.

Feedstocks Monomers*

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* Crude Oil, Naphtha, Ethylene, Propylene, VCM and Styrene.

ChemOrbis

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Market Information Get notified of the opportunities and threats, source and sell at the right time

ChemOrbis Market Intelligence Sections

DAILY PRICES Check daily updated polymer prices WEEKLY ANALYSIS Read weekly analysis of current developments

By following ChemOrbis Market Intelligence,

PLASTICS NEWS Track price announcements and price changes and news affecting supply and demand as well as daily NYMEX settlements

decide when to buy or sell determine future price direction and increase your negotiation power forecast the supply/demand balance gain a background in the issues affecting the industry

PRODUCTION NEWS Follow maintenance, shutdown and new capacity additions MONOMERS Find out about monomer markets IMPORT STATISTICS Access full import data and graphics for various markets PRODUCER PRICES Learn about producers price changes as they are reported

ChemOrbis team gets in touch with companies from all segments to deliver true prices and market analysis.

Rich Price Archive

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Analysis Tools Access ChemOrbis price data, analyze and compare markets >

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1,200

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Â&#x2022; ChemOrbis Charts: Access charts created by ChemOrbis highlighting the latest important market developments. Â&#x2022; My Charts: View your favorite charts created using Price Wizard.

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Created by ChemOrbis Price Wizard.

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Trading Tools Reach global and refined community, buy/sell more efficiently

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2007

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2009

2010

2011

2012

With ChemOrbis Trading Tools

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World s major polymer/plastics producers, traders, distributors Top management and corporate executives from the industry worldwide Presentations on global markets from professionals in the industry

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Events

More than 300 participants attended the

A total of 1500 participants attended the ChemOrbis Asia Meetings held in;

ChemOrbis Turkey Annual Event held in Istanbul in 2012.

Kuala Lumpur (2012), Singapore (2011) and Jakarta (2010)

A total of 500 participants attended the ChemOrbis Polymer Insights meetings held in

Milan in 2011 and 2012.

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60,000+ Monthly Visits Visitors Overview

Jan 1, 2012 - Dec 31, 2012

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5,000

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5,000

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5,000

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2,000

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I attended a conference 3 years ago in Dubai and when I exchanged business cards with someone, he looked at me and said, I know you from ChemOrbis. I ve seen your logo there.

Cengiz Þimþek, General Mananger PENTHOL

We advertised on ChemOrbis so that we can reach more markets and be more exposed to markets including Italy, USA, Turkey. Christine Ong, Manager A&B CHEMICAL TAIWAN

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ChemOrbis

Member Views

Company Directory We had a banner campaign valid for one year and our web site visits increased by at least 30%. Federica Cirinei, General Manager EP ENERGIE PLASTICHE GROUP

ChemOrbis is continously adding new suppliers to its member base on a global scale. This creates a great advantage to find new foreign suppliers.

Mehmet Altunkýlýç, General Manager PLASMAR

We also regularly use ChemOrbis trading tools. Sometimes we receive so many returns that we get overwhelmed. These RFPs not only help us to sell our products but also act as an advertising channel. It s great to be able to reach hundreds of customers at once.

Özdemir Þensöz,Purchasing Director ARKEM KÝMYA SAN. VE TÝC. A.Þ.

I can read it from my mobile so it s very convenient for me. Xue Hong Wu, Managing Director SINOCHEM TRADING (SINGAPORE) PTE LTD

The only website we have to track for the day. Tiger Vu, Genel Direktör TAN VIET QUANG JSC

A lot of companies contacted us saying "I got your phone number and company information from your banner on ChemOrbis. After several advertisements...I'm certainly up for another because I clearly saw the benefits."

Timur Gümüþtekin, Partner TEKÝNPLAST

I doubt there is any other place that you can find so many suppliers in such a secure environment.

ChemOrbis

Ergün Çiçekçi, General Manager EGE PROFÝL

242

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www.chemorbis.com

ChemOrbis

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243

Company Directory

Product Sponsors

Company

Web/Tel/Fax/Email

Address

Dijimecmua.com

www.dijimecmua.com Tel: +90 216 368 8040 Faks: +90 216 368 8041 destek@dijimecmua.com

Atatürk Cad. Ulya Engin Plaza No:68 Kat:4 Kozyataðý Kadýköy Ýstanbul, Turkey

231

Engel Enjeksiyon Makineleri Tic. Ltd. Þti.

www.engelglobal.com/tr Tel: +90 212 438 50 40 Faks: +90 212 438 50 42 info.etr@engel.at

Giyimkent, Oruc Reis Mah. E4 Blok B:142 No:30 Esenler 34235 Ýstanbul, Turkey

202

General Makina Sanayi Ýç ve Dýþ Tic. Ltd. Þti.

www.generalmakina.com.tr Tel : +90 212 671 97 18 - 19 Faks : +90 212 671 97 27 info@generalmakina.com.tr

Ýkitelli Organize Sanayi Bölgesi MetalÝþ Sanayi Sitesi 16. Blok No:1 Ýkitelli Baþakþehir Ýstanbul, Turkey

203

Green & Black Marine Logistics

www.gnbmar.com Tel: +90 212 227 33 44 Faks: +90 212 227 40 30 all@gnbmar.com

BJK Plaza, A Blok K 7 Daire 75-76 Beþiktaþ 34357 Ýstanbul, Turkey

193

Huzur Plastik Kimyevi Mad. Ýth. Ýhr. San. Ve Tic. Ltd. Þti.

www.huzurplastik.com Tel: +90 212 444 1 497 Faks: +90 212 659 98 10 info@huzurplastik.com

Ýstoç Oto Center E-Blok K 5 No 2930 Baðcýlar Ýstanbul, Turkey

Hürmak Plastik Otomotiv Makina Ýmalat San. ve Tic. A.Þ.

www.hur-mak.com.tr Tel: +90 262 751 30 31 Faks: +90 262 751 30 34 info@hur-mak.com.tr

GOSB Ýhsandede Cad. No:135 Gebze Kocaeli, Turkey

204

ICC TRADING INC. U.S.A. Ýstanbul Liaison Ofisi

www.iccchem.com Tel: +90 216 688 22 75 Faks: +90 216 688 22 69 turkey@iccchem.com

Aðaoglu My Prestige Barbaros Mah. Ihlamur Sok No:1 K:5 D:34 Batý Ataþehir 34746 Ýstanbul Turkey

Rear Cover Inside

IRPC Public Company Limited

www.irpc.co.th www.irpcmarket.com Tel: +66 2649 7592 info@irpcmarket.com

555/2, Energy Complex, Building B, 6th Floor, Vibhavadi Rangsit Road, Chatuchak, Thailand Bangkok 10900

ÝZFAÞ (Ýzmir Fuarcýlýk Hizmetleri Kültür ve Sanat Ýþleri Tic. A.Þ.

plastech.izfas.com.tr Tel: +90 232 497 11 03 Faks: +90 232 497 11 13

Þair Eþref Bulvarý No:50 Kültürpark Ýzmir, Turkey

233

Kempro Kimyasal Maddeler A.Þ.

www.kempro.com.tr Tel: +90 216 416 34 49 Faks: +90 216 361 83 49 kempro@kempro.com.tr

Ýnönü Caddesi Sümko Sitesi Sümer Sokak Kat:7 Daire:25-26 Kozyataðý 34742 Ýstanbul, Turkey

Kimteks Kimya Tekstil Ürünleri Ticaret A.Þ.

www.kimteks.com.tr Tel: +90 212 325 25 95 Faks: +90 212 325 24 64 info@kimteks.com.tr

Esentepe Mah. Ali Kaya Sk. Polat Plaza B Blok No:1B K:11 Þiþli 34394 Ýstanbul Turkey

178

Komut Plastik Sanayi ve Ticaret Ltd. Þti.

www.komutplastik.com Tel: +90 332 342 72 36 Faks: +90 332 342 72 39 info@komutplastik.com

Fevziçakmak Mah. Artan Sokak No:43 Merkez, Konya, Turkey

Makilus Makine

www.makilus.com Tel: +90 332 342 67 39 Faks: +90 332 342 54 09 info@makilus.com.tr

Büyük Aslým Sanayi Sitesi Koruluk Sok. No:15/G Karatay Konya, Turkey

MTS Uluslarasý Taþýmacýlýk ve Tic. A.Þ.

www.mtsizm.com Tel: +90 232 4630260 Faks: +90 232 4649596 Alev@mtsizm.com

Cumhuriyet Bul. No. 302 / 403 35220 Alsancak Ýzmir, Turkey

Nakpa Plastik San. Tic. A.Þ.

www.nakpa.com.tr Tel: +90 212 875 77 77 Faks: +90 212 875 77 78 info@nakpa.com.tr

Mermerciler San. Sit. 4.Cad. No:6 Beylikdüzü 34520 Ýstanbul, Turkey

Neredekal.com

www.neredekal.com Tel: +90 216 368 8040 Faks: +90 216 368 8041 destek@neredekal.com

Atatürk Cad. Ulya Engin Plaza No:68 Kat:4 Kozyataðý, Kadýköy Ýstanbul Turkey

230

Özhanmak Dýþ Tic. ve Paz. Ltd. Þti.

www.ozhanmakine.com Tel: +90 232 445 12 66 Faks: +90 232 483 99 79 bilgi@ozhanmakine.com

Akdeniz Cad. No.1/308 Reyent Han Pasaport Ýzmir, Turkey

206

Petkim Petrokimya Holding A.Þ.

www.petkim.com.tr Tel: +90 232 616 12 40 Faks: +90 232 616 12 48

PK12.35800 Aliaða Ýzmir, Turkey

Pilmar Plastik Sanayi ve Ticaret A.Þ.

www.pilmar.com.tr Tel: +90 232 238 33 00 Faks: +90 232 328 33 55 info@pilmar.com.tr

10039 Sk. No 12 A.O.S.B Çiðli Ýzmir, Turkey

Pinhas Kimyevi ve Maden Mam. Ýhr. Ýth. A.Þ.

www.pinhas.com.tr Tel: +90 212 659 58 52 Faks: +90 212 659 58 48 pinhas@pinhas.com.tr

Ýstoç 4.Ada No:145 Mahmutbey Ýstanbul, Turkey

211

Polystan Polimer Sanayi ve Dýþ Ticaret Ltd. Þti.

www.polystan.com Tel: +90 212 671 82 32 Faks: +90 212 671 94 77 info@polystan.com

Ýstoç Ticaret Merkezi 36. Ada C Plaza K:2 N:11 34218 Baðcýlar Ýstanbul Turkey

186

Product Company

Web/Tel/Fax/Email

Address

Penthol

www.penthol.com Phone: +90 216 464 78 51 Fax: +90 216 464 78 56 info@penthol.com

Büyükhanlý S.K. B-1 Blok Kat:7 D:20 Suadiye, Ýstanbul, Turkey

Ender Dýþ Ticaret A.Þ.

www.endergroup.com Phone: +90 216 386 89 80 Fax: +90 216 368 70 93 ender@endergroup.com

Baðdat Caddesi 189/2 34730 Çiftehavuzlar Kadýköy Ýstanbul, Turkey

Say Polymers B.V.

www.saypolymers.com Phone: +31 20 530 44 10 Fax: +31 20 530 44 14 say@saypolymers.com

Frederiksplein 51 1017 XL Amsterdam The Netherlands

107

PVC

Yapkim Yavuzlar Plastik A.Þ.

www.yapkim.com.tr Phone: +90 216 526 60 20 Fax: +90 216 526 60 40 info@yapkim.com.tr

Fatih Sultan Mehmet Mah. Balkan Caddesi Usta Sokak No:4 Ümraniye, Ýstanbul, Turkey

107

Astan Plastik

www.astanplastik.com Phone: +90 212 659 62 03 Fax: +90 212 659 62 01 info@astanplastik.com

Ýstoç Ticaret Merkezi 40.Ada No:5 7 9 34550 Baðcýlar, Ýstanbul, Turkey

127

www.koksan.com Phone: +90 342 357 03 30 Fax: +90 342 357 03 46 info@koksan.com

4. Organize Sanayi Bölgesi 83422 Nolu Cad. No:10 PK:39 Baþpýnar 27060 Þehitkamil Gaziantep, Turkey

155

PVC

PET

Köksan A.Þ.

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Advertisers

244

Company

Web/Tel/Fax/Email

Address

Active Polymer Distribution

www.activepoly.com.tr Tel: +90 212 259 61 10 Faks: +90 212 259 73 76 info@activepoly.com

Abbasaða Mah. Yýldýz Cad. Emek Ýþ Merkezi No:51/6 Beþiktaþ 34353 Ýstanbul, Turkey

Aksoy Plastik Sanayi ve Ticaret A.Þ.

www.aksoyplastik.com.tr Tel: +90 216 313 38 22 Faks: +90 216 364 45 20 satis@aksoyplastik.com.tr

Dudullu OSB 1.Cadde No:26 Ümraniye 34775 Ýstanbul, Turkey

Alýþan Ulus. Taþýmacýlýk A.Þ.

www.alisangroup.com Tel: +90 216 469 1515 Faks: +90 216 469 1510 musterihatti@alisangroup.com

Deðirmenyolu Cad. No:28 Asia Ofis Park A2 Blok Kat:1 Ataþehir 34752 Ýstanbul, Turkey

Arkem Kimya

www.arkem.com.tr Tel: +90 212 366 41 00 Faks: +90 212 226 34 77 arkem@arkem.com.tr

Arkem Center Valide Sultan Cad.No:10 34473 Bahçeköy, Sariyer Ýstanbul, Turkey

Assocomaplast

www.assocomaplast.org Tel: +39 02 8228371 Faks: +39 02 57512490 info@assocomaplast.org

Centro Direzionale Milanofiori Palazzo F/3 20090 Assago (MI) Italy

Beka Petrokimya A.Þ.

www.bekapet.com Tel: +90 212 886 91 41 Faks: +90 212 886 91 40 info@bekapet.com

Hadýmköy Yolu No 107/18 Çakmaklý Büyükçekmece Ýstanbul, Turkey

Boðaziçi Polimer Tekstil Ýnþaat Sanayi ve Dýþ Tic. Ltd. Þti.

www.bogazicipolimer.com.tr Tel: +90 212 659 34 59 Faks: +90 212 659 31 59 info@bogazicipolimer.com.tr

Ýstoç Ticaret Merkezi C Plaza K:8 No:66 Mahmutbey Baðcýlar Ýstanbul, Turkey

Boykan Gümrük Müþavirliði

ww.boykan.com.tr Tel: +90 216 402 2 300 Faks: +90 216 402 2 304 boykan@boykan.com.tr

Acýbadem Mahallesi Acýbadem Caddesi Þahlanoðlu Apt. No:199/3 Acýbadem, Üsküdar Ýstanbul, Turkey

Cana Plastik Ýthalat Ýhracat Ticaret Ltd. Þti.

www.canaithalat.com Tel: +90 212 886 91 41 Faks: +90 212 886 91 40 info@canaithalat.com

Hadýmköy Yolu No 107/15 Çakmaklý Büyükçekmece Ýstanbul, Turkey

CMS Concept Plastik Ambalaj Teks. San. Tic. A.Þ.

www.cmsconcept.net Tel: +90 342 337 83 00 Faks: +90 342 337 83 05 info@cmsconcept.net

2.Org. San. Bölgesi Vali Muammer Güler Blv. No:7 Baþpýnar Gaziantep, Turkey

Turkish Plastics Industry

Almanac 2012

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245

Company Directory

Company

Web/Tel/Fax/Email

Address

Page

Quest Trading

www.questgroupint.com Tel: +90 216 688 24 07 Faks: +90 216 688 24 08 info@questgroupint.com

Barbaros Mah. Batý Ataþehir Aðaoðlu My Prestige Ihlamur Sok. No 1, Office No 107 & 108 Floor 13 34746 Ataþehir Ýstanbul, Turkey

Front Cover Inside

RESINEX BMY Plastik Kimya San. Tic. A.Þ.

www.resinex.com.tr Tel: +90 212 549 51 59 Faks: +90 212 549 51 63 info@resinex.com.tr

Ýkitelli O. S. B. Ýpkas Plastikçiler Sitesi 1-A Blok No:6-8 Baþakþehir 34670 Ýstanbul, Turkey

215

SB Plastics Machinery

www.sbplastics.it Tel: +39 049 8843047 Faks: +39 049 8843604 sb@sbplastics.it

Via G. Marconi, 42 - Villanova di Camposampiero (PD) Italy

214

Sigortam.net

www.sigortam.net Tel: (216)636 56 56 Faks: 0850 219 91 00 sigortam@sigortam.net

Anel Ýþ Merkezi Saray Mahallesi Site Yolu Sokak No:5 Kat: 2 Ümraniye 34768 Ýstanbul, Turkey

229

Sipet Makina ve Kimya Ticaret A.Þ.

www.sipa.it Tel: +90 216 474 97 80 Faks: +90 216 474 97 79 sipet@sipet.com.tr

Kýsýklý Caddesi No: 2 A Blok Kat: 3 Altunizade Üsküdar 34662 Ýstanbul, Turkey

191

Þerifoðlu Kimya Ambalaj Sanayi ve Dýþ Ticaret Ltd. Þti.

www.serifoglukimya.com.tr Tel: +90 212 771 52 81 Faks: +90 212 771 52 85 info@serifoglukimya.com.tr

Atatürk Sanayi Bölgesi Alperay Sok. No 7 Hadýmköy Ýstanbul, Turkey

Symplast Kimya San. Ve Tic. A.Þ.

www.symplast.com.tr Tel: +90 232 325 71 71 Faks: +90 232 325 73 73 info@symplast.com.tr

Mustafa Kemal Atatürk Bulvarý 10006 Sok. No:62 A.O.S.B. Çiðli Ýzmir Turkey

251

Taþkim Plastik Metal ve Kimya Ürün. San. Tic. Ltd. Þti.

www.taskimplastik.com Tel: +90 212 541 01 86 Faks: +90 212 541 01 87 satis@taskimplastik.com

Tevfikbey Mah. Emrullahefendi Cad. Akaylar 3 Ýþ Merkezi No:5 Sefaköy K.Çekmece Ýstanbul, Turkey

187

TSP Makina San. Tic.Ltd.Þti.

www.tspmakina.com Tel: +90 212 544 79 87 / 88 Faks: +90 212 544 79 67 info@tspmakina.com

Uluyol Cd. No:7/A Bayrampaþa, Ýstanbul, Turkey

201

Ultra Plastik Boya ve Kimya San. Ve Tic. A.Þ.

www.ultrapolymers.com.tr Tel: +90 212 605 11 10 Faks: +90 212 605 11 15 info@ultrapolymers.com.tr

Evren 2 Oto Sanayi Sitesi Yaný E-6 Yan Yolu No 6 E Blok Esenyurt Ýstanbul, Turkey

Ulu Polimer Petrokimya Nakliyat San. Tic. Ltd. Þti.

www.ulupolimer.com.tr Tel: +90 212 501 81 80 Faks: +90 212 501 81 52 info@ulupolimer.com.tr

Adnan Kahveci Mah. Yavuz Sultan Selim Bulvarý Perla Vista Residence A Blok Kat 9 No 85 Beykent Beylikdüzü Ýstanbul, Turkey

Versalis

www.versalis.eni.com Tel: +39 02 5201 Faks: +39 02 52032575 info@versalis.eni.com

Piazza Boldrini, 1 20097 San Donato Milanese (MI) Milano Italy

Yantaþ Yavuzlar Plastik San. Ve Tic. A.Þ.

www.yantas.com.tr Tel: +90 262 349 20 30 Faks: +90 262 349 20 34 info@yantas.com.tr

Yeni Bursa Yolu No: 286 Kullar Sapaðý Yaný 41140 Kocaeli, Turkey

Yaylalar

www.yaylalarholding.com.tr Tel: +90 212 886 91 41 Faks: +90 212 886 91 40 Email: info@yaylalar.com.tr

Hadýmköy Yolu No 107/18 Çakmaklý Büyükçekmece Ýstanbul, Turkey

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