Turkey - Petrochemicals - PETKM: Ethylene - Naphtha Prices
• Ethylene-Naphtha spread decreased by 8.8% WoW to USD518.5/ton on May 6th, due to the decrease in the ethylene prices (3.6%).• The spread decreased by a total of USD97.0 in the last 3 weeks. The recent decline in the spread together with a partial retreat in the Platts index can be seen as a negative signal for the 2nd quarter
Turkiye Petrol Rafinerileri is an energy and refining company based in Turkey. Co. is engaged in providing and refining crude oil, the importing and exporting of oil products, and establishing and operating refineries in Turkey and foreign countries. Also, Co. is establishing and operating factories and facilities in the petrochemical industry. Co. is engaged in purchasing, selling, importing, exporting, storing, marketing and distributing (wholesale, retail, foreign and domestic) all kinds of petroleum products, LPG and natural gas. Co. runs its business through the refineries in Izmit, Izmir, Kirikkale and Batman.
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