Iranian Polymer Market Experienced Lowest Trade Last Week

Iranian Polymer Market Experienced Lowest Trade Last WeekLast week due to the end of Ramadan and a week with two consecutive holidays on the occasion of “Eid-al-Fatir” which practically resulted in a one full vacation of many private companies, for the first time at this Iranian year of 1396 (March 21st 2017- March 20th 2018) the volume of supplied (offered) polymers by petrochemicals faced with such a limit of decline.  At this year and at each week the amount of supply volumes have always been more than 70.000 tons.

According to the news released by stock exchange experts, at the first week of Tir Maah (the 4th Iranian calendar month= June 22-29th) the IME hall experienced the lowest trade volumes due to religious holidays. Though at the previous week the volume of offers were about 61.000 tons.

During the last week the total volume of deals faced with more than 8000 tons, were the IME hall experienced more than 17.000 tons of demands and near 10.000 tons decline in supplies (note to table 1 below). This shows a total of more than 26.000 tons of decrease in polymer supplies.

Table 1: Comparison Charts for weeks: June 18th – 25th (2 weeks ago) and June 25th – July 2nd 2017 (last week)

Comparison table for polymer markets in Iran between two above weeks
PIMI.IR Portal 2 Weeks ago Last Week Deviation (+ / -)
Total offers (tons) 70748 60939 -9809
Total Demands (tons) 89849 72629 -17220
Trade Volume (tons) 43067 34971 -8096

US$ for calculation of the base price for deals at IME: For 2 weeks ago, 1US$= 37.450 Rials and for Last week the committee  decided to keep all prices constant for the 3rd month of the Iranian Calendar and the two first weeks of next month. The price of 1US$ at the free market was 37.650 Rilas.

Notice: The US$ price and base price definitions were neglected for the first week of the 4th months of Iranian Calendar (June 22nd-July 22nd)

The highest decrease in supplies belongs to blowing grades of HDPE with 3000 tons of less polymer offers. Also film grade of LDPE has experienced a decrease of about 2502 tons, where the LLDPE showed 2057 tons of decreasing in offers. At the same time the injection grade of HDPE faced with 1230 tons in supply.

However, the injection grade of PP with 272 tons increase showed an increase in supply of this polymer. As far as demands are concerned, the highest demand belonged to the grade ZR230C of PP which recorded more than 13.000 tons and so found a very competitive price in the polymer markets. Table 2 shows the comprehensive situation of polymer deals during the last low volume polymer market in Iran.

Table 2: Materials Statistics Between June 18th-25th (2 weeks ago) and June 25th -July 2nd  2017 (last week)

  Grade Offers

(Two week

ago-tons)

Average

Base Price

(Last Week)

Highest

Sold Price

(Rials)

Offers

(Last Week)

(tons)

Demands

(Last Week-tons)

Trade

Volume

(Tons)

Offers

Deviations

Volumes +/-

ABS                
  Natural-50 70 67845 75600   190 70 +20
  Natural-75 0 0 0 0 0 0 0
HDPE                
  Blowing 6832 36238 37359 2832 772 772 -3000
  Extrusion 7312 40518 41204 6812 6384 5340 -500
  Injection 2625 36452 36452 1395 154 132 -1230
  Film 4550 38253 38.353 4704 1280 1126 +154
  Rotational 433 38092 38957 0 0 0 0
LDPE                
  Film 10008 41016 45118 7506 5572 3286 -2520
  Injection   41724 45869 110 550 110 ??
                 
LLDPE                
  Film 8283 38022 39325 6226 4224 3962 -2507
                 
PC                
                 
PET                
  Bottle 4840 33644 38219 5038 10549 5038 +198
                 
PP                
  Injection 2367 42704 46974 2639 24167 2061 +272
  Fibre 8763 37679 39019 8017 11294 7973 -746
  Film 528 38032 41836 0 0 0 0
PS                
  EPS 250 48655 52890 0 0 0 0
  GPS 2050 46657 46657 2250 1120 680 +200
  HI-Impact 600 49618 49618 600 0 0 0
PVC                
  Susp’n 9102 31318 34449 8194 5326 3504 -908
  Emol’n 308 33823 40587 308 1694 308 0
                 
SBR                
  Dark 590 45547 45547 210 105 105 -380
  Bright 1020 49086 49086 720 62 62 -500
                 

 

Iranian Polymer Market Experienced Lowest Trade Last Week

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