Turkey'S Military Coup Failed, And Korea PSPTA Export Fears

Turkey is Korea.

(PS) and

(PTA) one of the largest exporters.

According to the news, after the failure of the Turkey military coup, shaken confidence and increased uncertainty, PS and PTA producers in South Korea were worried about Turkey.

Will be forced to interrupt.

According to the news, the main ports in Turkey have been closed, which may have a negative impact on the PS export of Korea.

A Korean PS trader said on Monday: "if this situation persists for a long time, the PS export will be interrupted."

By Monday afternoon, there was no news of the interruption of PS and PTA exports in Korea.

A producer in South Korea said that the "PTA market" so far has not yet been affected, and that it will take some time to know the exact situation.

However, concerns about this event continue to rise, since Turkey has become one of the main exports of PS and PTA producers in Korea since the free trade agreement between South Korea and Turkey in May 1, 2013.

According to the Statistics Institute of Turkey, Turkey imported 55093 metric tons of PTA from South Korea in 2013, more than 14 times that of 2012.

In 2015, Turkey imported 262028 tonnes of PTA from South Korea, an increase of 23% over the same period last year.

According to Korea customs data, Turkey was the largest PTA export country in South Korea by June 2016. The figure was 41695 tonnes, up 27% year on year.

The data also show that Turkey accounts for about 23% of PTA exports in June.

Because of the increasing self-sufficiency in PTA production in China and India, South Korean producers have had to shut down some factories this year, while free-trade agreements have made South Korea more advantageous than other Asian producers. South Korea has again focused its attention on the European Union and Turkey.

On Monday, a PTA producer in South Korea said that Europe and Turkey are their biggest markets, but there is no contact with Turkey, and they do not know what the impact will be.