Daily Monitor: US$ Value Increase Affected all Polymers

Daily Monitor: US$ Value Increase Affected all Polymers
                  Dec. 10th, 2017

Like every Sunday, prices for polymer products were announced by the PDID office of NPC, which showed that the prices of all polymer materials were upward.

The highest increase was observed for SBR and polystyrene products, and so the SBR commodity recorded the highest price increase of 3074 Rls. and its price reached to 60.900 Rls. By the US$ value exchange on today’s closing market for 1 US$ for 42070 Rials, the price of SBR now is about 1.45 US$/Kg.

By continuous increase in the US$ value it is expected that the brokers and market intermediaries and manipulators try to only buy and stock the materials and so the hard days for converters could be expected.

Also, the GPS faced with 2.312 Rials increase and HIPS experienced the price increase of 2.045 Rls. Other commodities such as EPS and pipe and extrusion types of Polyethylene have experienced increase of more than 800 Rials per Kg.

The slightest price increase was recorded for PE film grades with an increase of 51 Rls. due to the drop in prices for this product at the global markets. Other commodities have also experienced a rising dollar appreciation.

US Dollar rate: The dollar base rate for price definitions was suggested at 41.643 Rials, which shows an increase of 515 Rials (+1.3% compared to the 41.128 Rials for last week). This US$ price increase affected the prices of the majority of polymers.

NOTE: Even this news and analysis are only for paid subscribers (pro-members) but according to a new decision it will be free for all users and subscribers.

Table 1: Official prices at the IME’s petrochemical hall on Sat. Dec. 9th 2017.

CommoditySymbolBase Offering Price (IRR)Closing Average PriceOffering (Tone)Demand  (Tone)Trade Volume  (Tone)
EPS R200ENPC-PSSER200J-0060,000100100
EPS R310ENPC-PSSER310J-0060,00010000
EPS SE1000BAN-PSESE1000J-0062,73310000
EPS SE2000BAN-PSESE2000J-0062,73310000
EPS SE3000BAN-PSSE3000J-0062,73310000
EPS SE3000BAN-PSSE4000J-0061,58310000
Extrusion PP C30SMPC-PPC30SL-0047,22347,223198198198
GPS MP08MPG-PSGPMP08L-0057,50010000
HDPE BL3MPC-HDBL3L-0044,54244,542666666
HDPE CRP100NSHPC-HDCRP100NWP-0053,67653,6760380380
HIPS 4512MBIG- PSHIPS4512L-0058,96020000
PET BG781PTC-PETBG781J-0047,28247,282484330154
PET BG781PTC-PETBG781J-0047,28247,2820176176
PET-BG-821PTC-PETBG821J-0049,52749,52708888
PET-BG-821PTC-PETBG821J-0049,52749,527330198110
PBR-1220SHPC-PBR1220WWP-0060,24860,2480161.28161.28
PET Textile GRADE641PTC-PETTG641J-0039,45339,453748748748
PP EP2X83CESHPC-PPEP2X83CEWP-0046,70746,7070240240
PP  Z30SMPC-PPZ30SL-0045,49245,492220220220
PVC  E6832ARCO-PVCE6834PP-0035,60135,601110110110
Flame Retarding PS F100ENPC-PSSEF100J-0062,00062,000300130130
Flame Retarding PS F200ENPC-PSSEF200J-0062,00062,000300120120
Solid Epoxy Resin in Xylene E1-75KZPC-ERE1X75SSG-60381,2004400

As you will see at the next table, the commodity prices started to raise in prices just hours after the new price declarations for the week ending to Dec. 17th, 2017.

Table 2: Free market prices according to our best knowledge from the market manipulators. 

PVC S65 Ghadir = 43,800 [➕150]
PVC S65 Arvand = 44,000 [▫️0]
PVC S65 Bandar = 44,000 [▫️0]
PVC S65 Ghadir= 42,800 [➕150]
PVC S65 Arvand= 43,000 [▫️0]
PVC S65 Bandar= 43,000 [▫️0]
PVC S65 Off3 Arvand= 23,200 [➕200]
PVC E68 Off3 Arvand= 22,500 [➕500]
PVC E68 Off3 Arvand= 21,500 [➕500]
HDPE Blowing 0035 = 52,500 [➕1000]
EX5 Jam = 52,150 [➕350]
EX5 Marun = 52,000 [➕300]
F7000 Mehr = 52,150 [➕450]
F7000 Ilam = 51,950 [▫️0]
5110 = 51,700 [➕300]
Bl3 Jam = 51,500 [➕900]
Bl3 Marun = 50,700 [➕700]
Bl3 Bakhtar = 51,200 [➕1300]
0075 = 54,400 [➕600]
020 = 54,400 [➕400]
Lf190 = 54,000 [➕150]
52518 = 47,200 [▫️0]
Hi500 = 46,100 [➕200]
2102 = 54,500 [➕700]
Lld209 Amir = 52,800 [➕400]
Lld209 Arak = 51,600 [➕200]
22B02 off MAHABAD = 49,300 [➕300]
EX3 Amir kaf = 60,000 [▫️0]
CRP 100 Shazand = 61,000 [➕800]
CRP100 Maroun = 61,000 [➕900]
CRP100 Jam = 61,000 [➕900]
PE80 ilam = 60,000 [➕900]
PE 80 ilam Kaf = 59,400 [➕700]
Z30s Mar = 52,800 [➕500]
C30s = 55,000 [▫️0]
3840 Tabriz = 47,200 [?-300]
7240 = 69,000 [➕700]
1540 = 67,000 [➕1700]
781 = 56,400 [➕1000]
821 = 57,200 [➕700]
5030 = 57,800 [?-100]
552R Jam = 52,700 [➕700]
552R Arak = 52,700 [➕500]
552R Maroun = 52,700 [➕500]
510L Jam = 55,600 [➕1600]
550J Jam = 54,800 [➕200]
R60 = 77,500 [➕500]
548R = 56,000 [➕400]
440L = 56,000 [▫️0]
MR230 = 57,600 [➕200]
ZR230 = 57,500 [➕100]
332C = 62,800 [➕600]
BL3 Bakhtar = 50,000 [▫️0]
ABS N50 = 95,000 [➕800]
ABS N150 = 99,000 [➕2500]
R40 Arak = 62,600 [?-400]

Daily Monitor: US$ Value Increase Affected all Polymers

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