US$ Exchange Value Decrease Compromised New Polymer Base Prices
Today Sunday, August 12th, 2018, the PDID Office of NPC, announced, like other Sundays, the release of the polymers base prices for the next week’s trading at IME hall.
This week, all commodities and grades faced with downward prices. Many commodities fell by 4.7% which is in fact almost the same as the US$ value decline percentage from 44,088 to 42,000 Rls. Some other commodities even fell below the base price, while others fell in price and dropped further. Does this mean the return to the traditional formula by the PDID Office? The answer is yes. It was anticipated that prices would fall below the base price this week, because a sharp drop of Rials 2000 in US$ value and this would compensate for the higher world prices of polymers.
For a short analysis the film grade of HDPE got the most downgrading price by 4.8%, and became cheaper by Rls. 2703 per Kg.
Subsequently, a large number of polymers with 4.7% drop in their base price, took second place in the table with the highest reductions in the market price downturn. Among it, there are a variety of grades of PVC, rotational PE, HDPE, PP, HDPE extrusion grade (PE 100, PE 80 and EX3), and textile type of PP.
LLDPE took the third place in price decreases as the largest among others. The commodity faced 4.4% decline in its base price, and the price fell by about Rls. 2200/Kg. reaching to 47.724 Rials/Kg.
On the other hand, the lowest reduction recorded for EPS by 1.4% for grades EPS 200, 300 and 400. After EPS, PET grades decreased by 3.3% in comparison to the last week’s base price of the same material. By now the PET price range is Rls. 56.200 to 60.060 / Kg. Though the free market prices for PET have a great margin of Rls. 200.000.
Other goods also fell between 3.3 and 4.1%. The following table shows today’s announced prices and its comparison with last week (Click Here)
|US$ Value||44088||42000||-2088||– 4.7|
|EPS 200 / 300||66317||–||–||+ 0.6|
|EPS 400||64440||–||–||+ 0.6|
|GPS 1540||64745||–||–||+ 1.3|
|HDPE Blowing (BL3 / 0035)||56539||53861||-2678||– 4.7|
|HDPE Extrusion (EX3/PE80)||61871||58941||-2930||– 4.7|
|HDPE Extrusion (PE100)||62641||59674||-2967||– 4.7|
|HDPE Film (X5 / F7000)||56380||536777||-2703||– 4.8|
|HDPE Injection (HI500 / 52518)||49116||46790||-2336||– 4.7|
|HDPE Rotational (3840)||51262||48834||-2428||– 4.7|
|LDPE Film (190 / 020 / 0075)||51797||49803||-1994||– 3.8|
|LLDPE 209AA||49915||47724||-2191||– 4.4|
|PET Bottle G781||59909||57936||-1973||– 3.3|
|PET Bottle G785||58194||56277||-1917||– 3.3|
|PET Bottle G821||62730||60664||-2066||– 3.3|
|PET Bottle G825||60960||58952||-2008||– 3.3|
|PP Inj. (MR 230)||61515||58602||-2913||– 4.7|
|PP Textile (R552 / Z30S)||55255||52638||-2617||– 4.7|
|PVC S7054||45872||43699||-2173||– 4.7|
|PVC S57||45872||43699||-2173||– 4.7|
|PVC S60||45074||42939||-2135||– 4.7|
|PVC S65||41883||39899||-1984||– 4.7|
|SBR Bright 1502||79.716||76491||-3225||-4.0|