This week, by 4.5% reduction in the US$ value (about Rls. 4000) for the base of calculations for the polymer base prices, which resulted in reduction of the prices of all polymers, many analysts believed that if the stagnant market position of the polymer market were to fluctuate, this week will be the best time for that. With a general look, now it can be said that it has happened.
According to the PIMI reporter, yesterday, Jan 14th, 2019, despite the continued recession in the PVC market, the polypropylene market grew very well in volume and traded nearly 10,000 tons more than last week.
Today, Tuesday, Jan 15th, which was the day of supply of all types of LDPE, HDPE, PS, PET and other polymeric materials except PP and PVC, the market in comparison with the last week was shaken better and the observers were witnessing a boom in buying and selling of the materials.
The data collection shows that trading volumes of this week have seen a relatively modest increase compared with the volume of trading in the past four weeks (despite the good supply from petrochemical companies), which was very low and about 40,000 tons, which in other words means ending up to recession.
However, it should not be forgotten that being at the period of the last weeks of the Iranian year, can simulate the market. Although there is a general rule in the economy that, if the three consecutive periods of the boom continued, we can talk about the beginning of the boom and the crackdown on the recession, but nevertheless, trading this week shows the relative prosperity of the polymer market.
The total view of the market shows that different grades of PET materials are still the front runners of the competitive market, and competition for their purchasing is dominant.
