Tehran’s Earthquake Resulted in Polymers Trading on Thursday

Tehran's Earthquake Resulted in Polymers Trading on ThursdayLast night at 23:34 a 5.2 Richter earthquake hit Tehran and neighbouring provinces and resulted in a temporary vacation on Thursday. Most offices were closed and no tradings for polymers was registered.  But, according to the PIMI’s Stock Exchange expert, polymer market activists have been cautious about stopping  the US$ appreciation in recent days, as well as  advance purchases of huge quantities of  materials in the past weeks and its distribution in the market, also other factors like; Insufficient end-to-end market utilization and demand trends of the converters in the week ending to  Dec. 21st, normally higher expenses at the end of the Iranian month (cash needed for salary payments and its 30% equivalent for social security insurance); and using the quota in some grades, they made fewer purchases and there was less price competition for many grades. At the same time, this week  only 33 grades out of 42 grades offered were sold at a price competition that fell less than last week.
The volume of supply this week experienced a good increase over the previous week  with a total increase of 4.650 tons of commodities;  though the volume of supply in the last week experienced more than 6.000 tons. Of course and fortunately, this week, the supply of the volumes of inflammatory grades of the market, such as PVC, PP and PET , had increased, and their deals were better than last week.
In general, the volumes of this week’s supplies were more appropriate and diversified than last week and in comparison with the last month’s supplies. It is hoped that this trend would be thought out for the first week of the month as well, since at the first week of the Iranian month, quotas for groups such as PP  is charged  again for those that have the “B-Code” and supply must be at the appropriate level.
This week’s trading volume dropped a bit more than last week and hit 7.051 tons of decease. It seems that due to purchasing a lot of shipments in the last weeks and the lack of enough end-use cash flow along with stopping the US$ rate on recent days, brokers and marketers have cut their purchases.
During the week between Dec.  16th-21st, in total, more than 74% of the products were purchased by the applicants, meanwhile, 90% of the total supply was purchased last week. In the meantime, 33 grades out of the 75 grids sold with price competitions between 1-12%.
The volume of demands in comparison with last week  has been decreasing and has dropped to a significant 32,000-tons level. Accordingly, this week’s demand has reached 88.000 tons, while demand for the last two weeks was over 100.000 tons. Of course, being in the last week of the Iranian month and reducing demand for commodities such as PP and PVC, is one of the main reasons, although it should not be indifferent to the increase in supply, but the PET bottle counterbalance has also been in equilibrium.

This weeks summary of the ODTv of PIMI is as follow:

PIMI.IR Last Week Current Week Comparison
Offering (Supply) 63.950 68.600 +4.650
Demand 120.700 88.700 -32.000
Trade Volume 58.140 51.100 -7.040

The following table shows the latest prices at the Iranian polymer market for yesterday (Wed. 20 Dec. 2017)  at the Iranian market, where, the free market value of one US$ has been registered for Rials 41.970:

PVC S65 Ghadir = 43,400 [🔻-100]
PVC S65 Arvand = 43,700 [▫️0]
PVC S65 Bandar = 43,700 [🔻-200]
PVC S65 Ghadir = 42,400 [🔻-100]
PVC S65 Arvand = 42,700 [▫️0]
PVC S65 Bandar = 42,700 [🔻-200]
HDPE Blowing 0035 = 53,900 [🔻-400]
EX5 Jam = 51,800 [🔻-150]
EX5 Marun = 51,800 [▫️0]
F7000 Mehr = 51,400 [🔻-650]
F7000 Ilam = 51,500 [🔻-700]
5110 = 51,850 [🔻-350]
Bl3 Jam = 51,050 [🔻-350]
Bl3 Marun = 51,000 [🔻-200]
Bl3 Bakhtar = 50,300 [🔻-200]
0075 = 55,000 [🔻-700]
020 = 56,000 [🔻-1000]
Lf190 = 55,000 [➕6400]
22B02 = 48,550 [🔻-6550]
52518 = 46,000 [🔻-300]
Hi500 = 45,150 [🔻-50]
2420h = 54,400 [▫️0]
2102 = 55,300 [🔻-700]
Lld209 Amir = 51,800 [▫️0]
Lld209 Arak = 51,300 [▫️0]
CRP100 Amir Kabir = 60,600 [▫️0]
CRP100 Amir Kabir Kaf = 60,100 [➕100]
CRP100 Jam = 60,700 [▫️0]
CRP 100 Shazand = 60,500 [🔻-200]
CRP100 Maroun = 60,700 [▫️0]
CRP 100 Shazand Kaf = 60,000 [▫️0]
PE80 ilam = 60,100 [🔻-200]
PE 80 ilam Kaf = 59,500 [▫️0]
Z30s Mar = 53,800 [🔻-200]
C30s = 55,000 [▫️0]
3840 Tabriz = 47,600 [▫️0]
7240 = 69,000 [▫️0]
1540 = 66,000 [▫️0]
781 = 53,900 [▫️0]
821 = 54,600 [▫️0]
5030 = 59,000 [▫️0]
552R Jam = 53,800 [🔻-200]
552R Arak = 53,800 [🔻-600]
552R Maroun = 53,800 [🔻-800]
510L Jam = 55,100 [🔻-300]
550J Jam = 56,000 [▫️0]
10415 = 98,000 [🔻-500]
548R = 55,800 [🔻-300]
440G = 63,600 [🔻-200]
440L = 56,000 [🔻-300]
MR230 = 58,000 [▫️0]
ZR230 = 58,000 [🔻-1200]
332C = 61,500 [▫️0]
ABS N50 = 94,100 [▫️0]
ABS N150 = 99,500 [🔻-2500]
R40 Arak = 62,000 [🔻-500]

Tehran’s Earthquake Resulted in Polymers Trading on Thursday

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