Thursday, 3 October 2013

Turkey Petrochemicals Report Q4 2013

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Turkey Petrochemicals Report Q4 2013
Oct 2nd 2013, 00:00

Price: $ 1295  

BMI View: Civil unrest that started in late May had a negative effect on the Turkish petrochemicals market, both in terms of demand and the effect of uncertainty on the exchange rate which saw the Turkish lira drop in value against the euro and the US dollar. Traders reported a downturn in polymer buying activity on the local market. However, petrochemical producer Petkim was operating normally at its site in Aliaga. We have revised down our forecast for Turkish real GDP growth in 2013, from 4.0% to 3.0%. This reflects our view that a sustained loss of international investor confidence following recent social unrest and that financial market turmoil will dry up portfolio capital inflows and foreign funding to the banking sector, hampering credit conditions and impeding Turkey's credit driven growt ...

Complete report details with Table of Contents and more @

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1 comment:

  1. Nice post with great details. I appreciate your info. Thanks for sharing.