Petkim traded at 18.06 this Friday October 23rd, decreasing 0.24 or 1.31 percent since the previous trading session. Looking back, over the last four weeks, Petkim lost 17.91 percent. Over the last 12 months, its price rose by 4.03 percent. Looking ahead, we forecast Petkim to be priced at 17.35 by the end of this quarter and at 15.39 in one year, according to Trading Economics global macro models projections and analysts expectations.
Petkim Petrokimya Holding AS is a Turkey-based petrochemical company. The main product groups are Low-density polyethylene (LDPE); High-density polyethylene (HDPE); Polyvinyl chloride (PVC); Polypropylene (PP); Masterbatches; Olefins; Fibers, and Aromatics. The Company also produces other chemicals, such as caustic soda. The Company’s products are used in construction, electricity, electronic, packaging, textile, medical, automotive, agriculture, dying, detergent and cosmetic sectors. Petkim Petrokimya Holding AS operates a network of primary manufacturing plants, and auxiliary units, including a waste water treatment unit and a nitrogen and air supply unit. The Company’s products are exported worldwide to Europe, the United States, Africa, the Middle East, Asia and the Far East.