Tuesdays are the days of sales of polymer materials in official prices with the exception of offerings for polypropylene and PVC. Today a total number of 122 times the brokers traded at IME hall.

In the transactions that took place on Tuesday, September 18th, due to the following reasons, we traced a delayed demand explosion of the trading market , and the polymers were sold in one day at the rate of one-week opt-out and non-opt-out sales. The volume of trading was leap and legendary. The legendary increase in the volume of polymers trading came amid concerns of rising world prices following published reports of a sharp decline in petrochemicals due to the attacks on Saudi oil facilities.

Of the 54,300 tons of petrochemicals supplied today, nearly 47,000 tons were traded today, which is a good growth in comparison with last week, which was only around 29,000 tons, and trading volume for this week was about 67,000 for only in the two days that the official material sales (Monday and Tuesday) is offered.

Does this mean an end to the market recession? Previous downturns in the polymer market have been three months, and there is no reason why this upcoming period should not be three months, although there is no reason for the opposite. But given the remarkable improvement in trading volumes in the last three weeks, and especially in the last week, one can be optimistic about the past recessionary times of the polymer market, as the recession recedes and follows this recession.

Two weeks ago, trading volume increased from under 40,000 tons to nearly 48,000 tons. In the midst of the holiday week, to the amazement of the experts, we not only saw a decrease in trading volume, but also a slight increase – which was very positive given the Ashura and Tasua holidays.

The following table shows Tuesday Sept. 17th trading volume at IME hall with official prices