Response to High Demand was Lower Supply and Volume Trade

Response to High Demand was Lower Supply and Volume TradeUnbelievable Increase in demands and a new figure recorded for PET bottle grade  (about 95.000 tons) were the hotest news of the Iranian polymer market at the end of Aug. 2nd week.

Last week’s huge demand declared by  “Behinyab” code holders who are allowed to partcipate at the “IME” bids, didn’t affect the decisions of the petchem’s commercial offices, also the controlling units within the Goverrment. The PET market remained critic and flamed protest of the companies that are uni-good oriented. Todgooyan petrochemical co., though, was the main target of critiques and complaining letters to the minister of “IMT“.

Amazing just for such a market in Iran, even with such a high demand recorded, the total trade volume decreased by about 5000 tons, and supplies also recorded a negative figure. This happens only here at this market. The tables and charts are self explaining. The last table shows the latest free market prices.

Table 1: Comparison Table for weeks: July 29th – Aug. 5th and Aug. 6th – 13th, 2017 (last week)

Comparison table for polymer markets in Iran between two above weeks

 ODT

2 Weeks ago

Last Week

Deviation (+ / -)

Total Offers (tons)

64559

59.560

-4.999

Total Demands (tons)

101320

197.700

+96.380

Trade Volume (tons)

50899

45.640

-5.259

The prices have been determined on the basis of 1US$ for 38.028 Rials (283 Rials more than last week’s exchange rate for price base, which is the highest increase in comparison with increase of the currency rates at the free market).  At the same date (Aug. 6th, 2017) the exchange rate of the US$ at the free currency market in Teheran has been 1US$=38.260 (once again an increase of 190 Rials), and the Euro for 45.8100 Rials (Just 10 Rials increase), both in comparison with last week.

 

 

 

 

 

 

 

 

 

 

HPDE 0035 = 41,500 [?-100]
EX5 Jam = 44,100 [?-600]
EX5 Bakhtar = 43,700 [?-800]
EX5 Marun = 43,600 [?-1000]
F7000 Mehr = 44,000 [?-300]
F7000 Ilam = 43,900 [?-100]
5110 = 43,600 [?-300]
BL3 Jam = 43,000 [?-250]
BL3 Marun = 43,000 [?-200]
BL3 Bakhtar = 42,800 [▫️0]
0075 = 48,950 [?-350]
020 = 46,500 [?-100]
Lf190 = 45,750 [?-50]
52518 = 44,500 [?-300]
Hi500 = 51,600 [?-400]
2102 = 45,600 [?-400]
2200 = 48,500 [➕500]
Lld209 Amir = 44,000 [▫️0]
Lld209 Arak = 43,200 [➕200]
EX3 Amir kaf = 47,100 [▫️0]
EX3 Arak kaf = 47,100 [▫️0]
PE100 Maroun = 47,000 [▫️0]
Z30s Mar = 45,000 [➕200]
C30s = 44,700 [?-100]
Z30s Ar = 44,800 [▫️0]
3840 Tabriz = 43,700 [?-100]
7240 = 59,100 [?-200]
1540 = 53,500 [?-300]
781 = 47,000 [➕600]
552R Arak = 44,500 [?-600]
552R Maroun = 44,500 [?-300]
510L Jam = 44,200 [?-600]
10415 = 87,000 [▫️0]
548R = 49,000 [▫️0]
RP340 = 53,100 [?-100]
440L = 49,000 [➕300]
MR230 = 60,700 [➕700]
ZR230 = 60,700 [➕700]
N50 = 82,500 [➕500]
332C = 59,000 [▫️0]
PVC S65 Ghadir = 37,600 [▫️0]
PVC S65 Arvand = 37,500 [?-100]
PVC S65 Bandar = 37,600 [▫️0]
PVC S65 Ghadir kaf = 36,600 [▫️0]
PVC S65 Arvand kaf = 36,500 [?-100]
PVC S65 Bandar kaf = 36,600 [▫️0]
ABS150 = 83,500 [➕1500]

 

Response to High Demand was Lower Supply and Volume Trade
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