Strong earthquake in Türkiye is affecting PTA export logistics in Asian market
After the strong earthquake in southeast Türkiye and other regions, Asian PTA producers are assessing the impact of their exports.
According to the supply and demand database of Axis, in 2022, about 79% of Türkiye's PTA imports will come from Asia, and the largest share will come from South Korea, accounting for 40% of the total imports.
Asian PTA manufacturers are considering postponing the shipment to Türkiye's Iskenderun port because the port was seriously affected by the earthquake, while Türkiye's Mersin port and other ports are currently limited by the earthquake.
Due to the challenges in infrastructure and logistics, the operating rate of PTA downstream processors, blow molding industry and terminal market may decline.
According to some market sources, since the production plant is located in Gaziantep, Türkiye, the operating rate of Koksan's PET production facilities may be affected. According to the supply and demand database of Axis, Koksan operates two sets of 216 thousand tons/year PET devices in Gaziantep.
Polyvinyl Chloride Resin SG-5
Rutile titanium dioxide HTR-616
