Daily Monitor: The Week Started Conservative for Polymers

Though today was an exploding day for the Iran Mercantile Exchange, with an increase of 1322 units in IME index and reaching it to the new record of more than 94000, but there was a very calm day for the polymer trades.

Only 7 polymer types were purchased (table 1) and as a total it was not a happy day for polymer brokers.

Different reasons may be behind this trade volume low rates: Lack of cash flow in the market; End of the Iranian 9th calendar month at which many factories have to save for salaries at the end of the month; and waiting for new base prices to be determined by tomorrow. Of course, Saturdays are not the days for purchases by the advantageous codes given to converters by the ITM Ministry.

As a whole it was even worse than last week’s deals. Today’s US$ registered at 41.990 Rls.

In addition to the last analysis (click here) during the last week (Sat. 9th-Thur. 14th) the volume of demands had increased by 4.765 tones in comparison with its former week reaching from 115.935 tones to 120.700. though the total trade volume just increased by 1940 tones. Once again meaning that the market, even trying to be controlled via IME, but still is in the hands of brokers and market manipulators. One noticeable point is that, even an increased demand of 4.765 tones was registered at the IME but the total offering by petrochemical companies was decined by 6.230 tones.

The highest increase in demands was registered for textile grade of PP by 26% of the total demand for which only 18% of the total supplies was able to fulfill such a great demand (to be continued in tomorrow).

Table 1: Today’s official trade at IME and the PIMI’ ODTv index

CommoditySymbolBase Offering Price(IRR)Closing Weighted Average PriceOffering (Tone)Base Offering Price(IRR)Demand (Tone)­­­­­Trade Volume (Tone)
HDPE CRP100NSHPC-HDCRP100NWP-0054,53254,532054,532120120
LLDPE 22B02MAPE-LLD22B02WP-0044,40144,401044,401312312
LDPE 2100TN00LPC-LD2100TN00WP-0052,28452,284052,2842222
PBR-1220SHPC-PBR1220WWP-0062,981100862,98100
PET Bright TG641PTC-PETTGHB641J-0041,97241,97228641,97213222
PET Super Bright TG641PTC-PETTGSUB641J-0041,63941,92550641,639638506
PET TEXTILE GRADE641PTC-PETTG641J-0040,04942,161147440,04928821474
PET TG641 MODPTC-PETTG641MODJ-0040,14940,149040,149418418
PET TG641 MODPTC-PETTG641MODJ-0040,14940,149150740,1492068968
PET TG645PTC-PETTG645J-0038,84742,73150638,8474510506
PVC S60IPC-PVCS60PP-0036,04637,11239636,046726396

Ref: IME

Table II: Today prices of polymers at the free market

PVC S65 Ghadir = 43,800 [▫️0]
PVC S65 Arvand = 44,000 [?-200]
PVC S65 Bandar = 44,000 [▫️0]
PVC S65 Ghadir = 42,800 [▫️0]
PVC S65 Arvand = 43,000 [?-200]
PVC S65 Bandar = 43,000 [▫️0]
PVC S65 Off3 Arvand = 23,500 [▫️0]
PVC E68 Off3 Arvand = 22,500 [▫️0]
PVC E68 Off3 Arvand = 21,500 [▫️0]
0035 = 53,700 [▫️0]
EX5 Jam = 52,900 [?-300]
F7000 Mehr = 53,100 [▫️0]
F7000 Ilam = 52,900 [▫️0]
5110 = 53,000 [▫️0]
BL3 Jam = 52,200 [➕100]
B3 Marun = 51,900 [➕100]
BL3 Bakhtar = 51,500 [➕500]
0075 = 57,600 [➕400]
020 = 59,100 [➕1900]
LDPE f190 = 57,500 [➕1000]
52518 = 47,000 [?-100]
Hi500 = 46,200 [▫️0]
2102 = 58,800 [➕2200]
Lld209 Amir = 53,400 [▫️0]
Lld209 Arak = 52,000 [➕400]
22B02 off MAHABAD = 49,000 [?-100]
CRP100 Amir Kabir = 61,000 [▫️0]
CRP100 Amir Kabir Kaf = 60,000 [▫️0]
CRP100 Jam = 61,000 [▫️0]
CRP 100 Shazand = 60,700 [▫️0]
CRP100 Maroun = 61,000 [?-400]
CRP 100 Shazand Kaf = 60,300 [▫️0]
PE80 ilam = 60,300 [▫️0]
PE 80 ilam Kaf = 59,500 [▫️0]
Z30s Mar = 55,500 [➕50]
C30s = 56,300 [?-300]
3840 Tabriz = 48,200 [➕100]
7240 = 69,500 [➕100]
1540 = 66,400 [➕2000]
781 = 55,500 [➕200]
5030 = 59,000 [?-500]
552R Jam = 55,500 [?-100]
552R Arak = 55,500 [➕50]
552R Maroun = 55,500 [➕50]
510L Jam = 56,300 [?-300]
550J Jam = 56,400 [?-300]
10415 = 98,500 [▫️0]
R60 = 77,500 [?-300]
548R = 57,100 [?-500]
440G = 54,400 [▫️0]
440L = 57,000 [?-300]
MR230 = 58,500 [➕300]
ZR230 = 58,500 [▫️0]
332C = 62,800 [▫️0]
ABS N50 = 94,850 [➕650]
ABS N150 = 100,500 [➕200]
R40 Arak = 62,800 [?-200]

Daily Monitor: The Week Started Conservative for Polymers

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