Petkim traded at 20.14 this Wednesday August 5th, increasing 0.54 or 2.76 percent since the previous trading session. Looking back, over the last four weeks, Petkim gained 6.90 percent. Over the last 12 months, its price rose by 11.58 percent. Looking ahead, we forecast Petkim to be priced at 18.39 by the end of this quarter and at 16.35 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.