Turkey - Petrochemicals - PETKM: Ethylene - Naphtha Prices
• Ethylene-Naphtha spread increased by 3% WoW to USD488.0/ton on October 15th.• So far in 4Q21, the spread averaged at USD481.6 /ton compared to USD545.3/ton in 3Q21 and USD646.2/ton in 2Q21. While the naphtha price is up by 1.0%, the rise in the ethylene price (1.7%) caused the change in the spread.
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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