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The Relative Stability In Iran Polymer Market After Several Months

The Relative Stability In Iran Polymer Market After Several Months

Written By : Editorial
Reading time : 15 minutes

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Today, on Sun. May 3rd, the new base prices for polymers and some other petrochemicals was announced by the PDID Office of NPC for a week ending to Sat. evening May 9th.

These prices are valid only for the polymers that should only be traded in accordance with the shares allocated by the IMT Ministry. For this week the average NIMA value of US$ was calculated at Rials 139.560 which was only Rials. 572 (about 0.41%) higher than previous week. So, this was a good excuse for the official price manipulators to increase the prices of at least 10 polymer types (please refer to table I) from 0.31 to 4.18% and of course decrease the prices of some others by 0.1 to 6.7%.

Table I: The polymers base prices for last two weeks

Materials Last Week’s

Price (Rials)

 

26.04.2020          

This Week’s

Price (Rials)

 

3.5.2020              

%

Change

Difference

(Rials)

PVC S-65 74.767 77.892 4.18 3.125
HDPE Injection 86.697 89.440 3.16 2.743
HDPE – Rotation 97.180 100.109 3.01 2.929
ABS 139.730 143.056 2.38 3.326
HDPE Blown 88.684 90.109 1.61 1.425
PVC S-57 82.244 82.643 0.49 399
LDPE Injection 101.782 102.201 0.41 419
LDPE  Film 98.818 99.224 0.41 406
PVC S-70 89.596 89.886 0.32 290
PVC S-60 78.505 78.749 0.31 244
GPPS 103.452 103.348 -0.10 -104
HDPE Film 90.446 89.957 -0.54 -489
PET BG-821 97.364 96.608 -0.78 -756
PET BG-825 94.688 93.952 -0.78 -736
PET BG-785 91.342 90.632 -0.78 -710
PET BG-781 93.099 92.375 -0.78 -724
HIPS 117.514 116.540 -0.83 -974
EPS 103.357 102.390 -0.94 -967
HDPE Extrusion (PE80) 101.987 100.020 -1.93 -1.967
HDPE Extrusion (PE 100) 108.176 105.882 -2.12 -2.294
PP Chemical 126.638 123.540 -2.45 -3.098
PP Texture 107.889 104.714 -2.94 -3.175
LLDPE 98.072 93.437 -4.73 -4.635
SBR 1502 120.020 111.979 -6.70 -8.041

Some market analysts consider this situation as a scenario to make the market more stable, and some others believe that the NPC relative office is the one that only tries to keep the top shareholders of the PC complexes happy by regulating the market and the prices. Which one is the correct foresee, we should wait and see.

During last week both the highest number of tenders as well as the highest number of successful bids was recorded after several months. Between April 26th till May 2nd, the IME petrochemical business hall organized 232 tenders out of which 206 bids ended to a trading deal. Checking the ODTv index table (Table Below) also confirms that the polymer market in Iran has had a glorious momentum at the first week of Ramadan, where most businesses become slowing down due to the mandatory fasting of their work forces.

Weekly Date Supply (tons) Demand Volume (tons) Trading Volume (tons)
April 29th 93.417 99.350 69.128
April 22nd 108.228 138.760 81.929

As we can see, all supply, demands and trading volumes are even less than that of April th. One of the main reasons or such a sharp decrease if the closer of the mosques and preventing of religious gatherings due to outbreak of COVID-19.

Out of 206 wining of the tenders, PP buyers had the best chance. Also an once again the volume of purchasing at one bid decreased again and fell below 3000 tons.

 

Commodity Symbol Min. Price (Rls.) Price Sold (Rls.) Offering Volume (tons) Demanding Volume (tons) Trading Volume (tons)
PET-BG-821 PTC-PETBG821J-00 105,239 107,142 2,508 3,234 2,508
PVC S65 IPC-PVCS65PP-00 86,579 88,201 2,508 4,246 2,508
HDPE 52518 JPC-HD52518PP-00 86,697 86,697 3,014 2,486 2,222
PVC S65 ARCO-PVCS65PP-00 91,479 93,070 2,002 4,686 2,002
PVC  S65 ARCO-PVCS65J-00 87,213 88,168 2,000 3,460 2,000

And finally we can see all figures for the last week’s (Sun. April 26th- Sat. May 2nd) trading volumes at IME Petrochemical hall.

Commodity Symbol Min. Price (Rls.) Sold Price (Rls.) Offering Volume (tons) Demanding Volume (tons) Trading Volume (tons)
ABS  SD0150 TABC-ABSSD0150PP-00 139,730 139,730 0 80 80
ABS  SD0150 TABC-ABSSD0150PP-00 139,730 139,730 500 480 420
ABS N-50 GBPC-ABS50NWP-00 139,730 139,730 0 10 10
ABS N-50 GBPC-ABS50NWP-00 139,730 139,730 120 110 110
Epoxy Resin KZPC-EREPIRAN011PWP-00 346,000 346,000 0 10 10
Epoxy Resin KZPC-EREPIRAN011PWP-00 346,000 346,000 200 50 50
Epoxy Resin E01X75LC KZPC-ERE1X75LCG-603 339,000 339,000 0 4/4 4/4
Epoxy Resin Special Liquid E06 KZPC-ERE06LSPLG-603 397,000 397,000 0 4/4 4/4
Epoxy Resin Special Liquid E06 KZPC-ERE06LSPLG-603 397,000 397,000 105/6 17/6 17/6
Epoxy Resin Special Liquid E06 KZPC-ERE06LSPLG-603 397,000 397,000 0 17/6 17/6
PBR -1220 SHPC-PBR1220WWP-00 115,336 115,336 504 20/16 20/16
PBR-1220 TJPC-PBR1220MP-00 115,336 115,336 1,008 210 210
PBR-1220 SHPC-PBR1220WWP-00 121,103 121,103 0 20/16 20/16
PC KZPC-PGPC0710URZP-603 320,000 320,000 80 10 10
PC KZPC-PGPC1012URZP-603 321,800 322,809 80 100 80
PE HDPE PAM-HDEX3GJ-00 103,581 103,581 40 30 10
PE HDPE PAM-HDEX3GJ-00 103,581 103,581 0 20 20
PE HDPE LOR-HD54B04WP-00 86,697 86,697 168 168 168
PE HDPE 0035 IPC-HDHB0035PP-00 91,989 92,347 1,500 2,460 1,500
PE HDPE 5030SA TABC-HD5030SAPP-00 90,164 90,164 0 22 22
PE HDPE 5030SA TABC-HD5030SAPP-00 90,164 90,164 506 88 88
PE HDPE 52505UV JPC-HD52505UVPP-00 89,337 89,337 242 242 242
PE HDPE 52518 JPC-HD52518PP-00 86,697 86,697 0 88 88
PE HDPE 52518 JPC-HD52518PP-00 86,697 86,697 0 330 330
PE HDPE 52518 JPC-HD52518PP-00 86,697 86,697 3,014 2,486 2,222
PE HDPE 62N07UV LOR-HD62N07UVWP-00 89,337 89,337 0 24 24
PE HDPE 62N07UV LOR-HD62N07UVWP-00 89,337 89,337 1,632 432 288
PE HDPE 7000F ILPE-HD7000FWP-00 90,446 90,446 1,518 814 726
PE HDPE 7000F ILPE-HD7000FWP-00 90,446 90,446 0 792 792
PE HDPE 7000F MEPC-HD7000FWP-00 91,119 91,769 1,518 2,585 1,518
PE HDPE BL3 JPC-HDBL3PP-00 88,684 88,684 0 22 22
PE HDPE BL3 JPC-HDBL3PP-00 88,684 88,684 0 44 44
PE HDPE BL3 KEPE-HDBL3WP-00 88,684 88,684 0 72 72
PE HDPE BL3 MPC-HDBL3PP-00 88,684 88,684 0 88 88
PE HDPE BL3 KEPE-HDBL3WP-00 88,684 88,684 0 144 144
PE HDPE BL3 JPC-HDBL3PP-00 88,684 88,684 1,518 440 374
PE HDPE BL3 KEPE-HDBL3WP-00 88,684 88,684 0 384 384
PE HDPE BL3 MPC-HDBL3PP-00 88,684 88,684 1,298 550 506
PE HDPE BL3 KEPE-HDBL3WP-00 88,684 88,684 1,824 1,488 1,224
PE HDPE CRP100B SHPC-HDCRP100BWP-00 111,556 111,556 0 40 40
PE HDPE CRP100B SHPC-HDCRP100BWP-00 111,556 111,556 0 200 200
PE HDPE CRP100B SHPC-HDCRP100BWP-00 111,556 111,556 2,000 220 220
PE HDPE CRP100B SHPC-HDCRP100BWP-00 110,792 110,792 0 420 420
PE HDPE CRP100N JPC-HDCRP100NPP-00 108,726 108,726 0 44 44
PE HDPE CRP100N JPC-HDCRP100NPP-00 108,726 108,726 0 154 154
PE HDPE CRP100N JPC-HDCRP100NPP-00 108,726 108,726 1,804 1,144 1,078
PE HDPE EX3 PAM-HDEX3J-00 103,581 103,581 1,600 350 240
PE HDPE EX3 PAM-HDEX3J-00 103,581 103,581 0 730 730
PE HDPE EX3 PAM-HDEX3L-00 103,939 104,341 1,500 2,280 1,500
PE HDPE HF5110 ASPC-HDHF5110WP-00 90,446 90,446 0 66 66
PE HDPE HF5110 ASPC-HDHF5110WP-00 90,446 90,446 0 264 264
PE HDPE HF5110 ASPC-HDHF5110WP-00 90,446 90,446 2,508 1,716 1,606
PE HDPE HI0500 IPC-HDHI0500PP-00 87,970 87,970 1,000 1,000 1,000
PE LDPE KRD-LD2426F8WP-00 99,478 99,478 168 120 120
PE LDPE 1922T LPC-LDEP1922TWP-00 102,339 102,746 132 176 132
PE LDPE 2100TN00 LPC-LD2100TN00WP-00 109,174 109,649 220 506 220
PE LDPE 2102TX00 LPC-LD2102TX00WP-00 98,818 98,818 0 66 66
PE LDPE 2102TX00 LPC-LD2102TX00WP-00 98,818 98,818 2,420 792 682
PE LDPE 2420E02 KRD-LD2420E02WP-00 98,818 98,818 0 72 72
PE LDPE 2420E02 KRD-LD2420E02WP-00 98,818 98,818 0 96 96
PE LDPE 2420E02 KRD-LD2420E02WP-00 98,818 98,818 600 528 432
PE LDPE 2420F3 KRD-LD2420F3WP-00 105,735 105,735 120 120 120
PE LDPE 2420H PAM-LD2420HJ-00 98,818 98,818 40 50 30
PE LDPE LF0190 ASPC-LDLF0190PP-00 98,818 98,818 0 66 66
PE LDPE LF0190 ASPC-LDLF0190PP-00 98,818 98,818 0 88 88
PE LDPE LF0190 ASPC-LDLF0190PP-00 98,818 98,818 1,606 1,650 1,452
PE LDPE LF0200 IPC-LDLF0200PP-00 98,818 98,818 0 10 10
PE LDPE LF0200 IPC-LDLF0200PP-00 98,818 98,818 0 70 70
PE LDPE LF0200 IPC-LDLF0200PP-00 98,818 98,818 0 270 270
PE LDPE LF0200 IPC-LDLF0200PP-00 98,818 98,818 1,000 860 650
PE LDPE LH0075 IPC-LDLH0075PP-00 106,106 106,899 1,000 2,330 1,000
PE LLDPE MAPE-LLD22B02PJ-00 95,130 95,130 2,200 20 20
PE LLDPE JPC-LLD235F6PP-00 100,712 100,712 1,012 154 66
PE LLDPE MAPE-LLD22B01KJP-00 98,732 98,732 360 120 96
PE LLDPE JPC-LLD235F6PP-00 100,712 100,712 0 110 110
PE LLDPE SHPC-LLD0209AAWP-00 97,728 97,728 0 80 80
PE LLDPE PAM-LLD0209AAJ-00 98,072 98,072 0 130 130
PE LLDPE PAM-LLD0209AAJ-00 98,072 98,072 3,100 1,770 1,680
PE LLDPE 0209AA SHPC-LLD0209AAPJ-00 95,130 95,130 100 60 40
PE LLDPE 209AA TABC-LLD0209AAPP-00 98,072 98,072 0 11 11
PE LLDPE 209AA TABC-LLD0209AAPP-00 98,072 98,072 198 286 165
PE LLDPE 209KJ TABC-LLD0209KJPP-00 98,732 98,732 0 11 11
PE LLDPE 209KJ TABC-LLD0209KJPP-00 98,732 98,732 198 88 66
PE LMDPE 3840UA TABC-MD3840UAPP-00 97,180 97,180 0 22 22
PE LMDPE 3840UA SHPC-MD3840UAWP-00 97,180 97,180 500 240 140
PE LMDPE 3840UA TABC-MD3840UAPP-00 97,180 97,180 1,001 748 726
PET BG731 PTC-PETBG731J-00 100,819 101,197 220 682 220
PET BG781 PTC-PETBG781J-00 99,289 100,886 1,518 2,640 1,518
PET BG785 PTC-PETBG785J-00 99,969 100,429 1,012 2,178 1,012
PET Super Bright TG641 PTC-PETTGSUB641J-00 98,335 98,335 506 506 506
PET Super Bright TG645 PTC-PETTGSUB645J-089 95,584 95,584 506 220 220
PET Textile Grade 641 PTC-PETTG641J-089 94,811 94,811 2,002 110 110
PET Textile Grade 641 PTC-PETTG641J-089 94,811 94,811 0 110 110
PET TG641 MOD PTC-PETTG641MODJ-089 95,069 95,069 0 198 198
PET TG641 MOD PTC-PETTG641MODJ-089 95,069 95,069 1,320 220 220
PET TG645 PTC-PETTG645J-089 93,006 93,006 0 110 110
PET TG645 PTC-PETTG645J-089 93,006 93,006 2,002 1,892 1,892
PET-BG-821 PTC-PETBG821J-00 105,239 107,142 2,508 3,234 2,508
PP NZCH-PPZB440LJ-00 126,638 126,638 126 63 21
PP NZCH-PPZB445LJ-00 134,824 134,824 0 21 21
PP NZCH-PPZRCT230CJ-00 133,240 133,240 63 84 42
PP NZCH-PPZB445LJ-00 134,824 134,824 105 42 42
PP NZCH-PPZB440LP-00 126,638 126,638 0 44 44
PP NZCH-PPZB440LP-00 126,638 126,638 176 110 88
PP NZCH-PPZB548RP-00 126,638 126,638 308 308 308
PP MPC-PPRP240GPP-00 126,638 126,638 880 946 880
PP – ZH510L NZCH-PPZH510LJ-00 107,889 107,889 0 84 84
PP – ZH510L NZCH-PPZH510LJ-00 107,889 107,889 651 693 567
PP – ZH525J NZCH-PPZH525JJ-00 113,284 113,284 945 1,890 945
PP – ZH550J NZCH-PPZH550JJ-00 107,889 107,889 0 147 147
PP – ZH550J NZCH-PPZH550JJ-00 107,889 107,889 672 546 525
PP EP440G JPPC-PPEP440GWP-00 126,638 126,638 330 242 242
PP EP440L JPPC-PPEP440LWP-00 130,599 134,584 440 726 440
PP EP548R JPPC-PPEP548RWP-00 146,000 147,666 660 1,408 660
PP EPC40R SHPC-PPEPC40RWP-00 132,638 134,734 500 700 500
PP EPX3130UV JPPC-PPEPX3130UVWP-00 172,589 177,717 110 220 110
PP EPX548T JPPC-PPEPX548TWP-00 130,071 130,071 220 242 220
PP Ext. SHPC-PPEPQ30RFWP-00 126,638 126,638 50 30 20
PP Ext. C30S JPPC-PPC30SWP-00 107,889 107,889 0 48 48
PP Ext. C30S MPC-PPC30SPP-00 107,889 107,889 0 88 88
PP Ext. C30S JPPC-PPC30SWP-00 107,889 107,889 240 216 192
PP Ext. C30S MPC-PPC30SPP-00 107,889 107,889 1,320 1,496 1,232
PP HP510L JPPC-PPHP510LWP-00 107,889 107,889 0 336 336
PP HP510L JPPC-PPHP510LWP-00 107,889 107,889 1,776 1,584 1,440
PP HP525J JPPC-PPHP525JWP-00 113,284 113,284 0 240 240
PP HP525J JPPC-PPHP525JWP-00 113,284 113,284 480 1,560 240
PP HP550J JPPC-PPHP550JWP-00 107,889 107,889 0 48 48
PP HP550J JPPC-PPHP550JWP-00 107,889 107,889 0 48 48
PP HP550J JPPC-PPHP550JWP-00 107,889 107,889 0 288 288
PP HP550J JPPC-PPHP550JWP-00 107,889 107,889 960 600 552
PP HP552R SHPC-PPHP552RWP-00 107,889 107,889 0 20 20
PP HP552R SHPC-PPHP552RWP-00 107,889 107,889 0 20 20
PP HP552R SHPC-PPHP552RWP-00 107,889 107,889 0 40 40
PP HP552R SHPC-PPHP552RWP-00 107,889 107,889 0 60 60
PP HP552R JPPC-PPHP552RWP-089 107,889 107,889 0 72 72
PP HP552R JPPC-PPHP552RWP-089 107,889 107,889 0 96 96
PP HP552R MPC-PPHP552RPP-00 107,889 107,889 0 242 242
PP HP552R SHPC-PPHP552RWP-00 107,889 107,889 800 860 580
PP HP552R JPPC-PPHP552RWP-089 107,889 107,889 816 1,416 648
PP HP552R MPC-PPHP552RPP-00 107,889 107,889 1,320 1,122 1,078
PP HP564S JPPC-PPHP564SWP-00 116,339 116,339 0 120 120
PP HP564S JPPC-PPHP564SWP-00 116,339 116,339 504 144 144
PP MR230C MPC-PPMR230CPP-00 126,638 126,638 0 22 22
PP MR230C MPC-PPMR230CPP-00 126,638 126,638 550 638 528
PP PYI250 PNCO-PPPYI250WP-00 107,889 107,889 0 40 40
PP PYI250 PNCO-PPPYI250WP-00 107,889 107,889 360 400 320
PP Raffia RJCO-PPRG3420LRJ-00 163,602 163,602 195/75 195/75 195/75
PP Raffia RJCO-PPRG1102XKRJ-00 107,889 107,948 413/25 522 413/25
PP Raffia RJCO-PPRG1104KRJ-00 113,284 113,284 391/5 1,000/5 391/5
PP Raffia RJCO-PPRG1102XLRJ-00 107,889 107,889 261 130/5 87
PP Raffia RJCO-PPRG1102XLRJ-00 107,889 107,889 0 174 174
PP Raffia RJCO-PPRG3212ERJ-00 126,638 126,911 174 326/25 174
PP RP340R JPPC-PPRP340RWP-00 130,599 130,599 0 22 22
PP RP340R JPPC-PPRP340RWP-00 130,599 130,599 0 22 22
PP RP340R JPPC-PPRP340RWP-00 130,599 130,599 0 22 22
PP RP340R JPPC-PPRP340RWP-00 130,599 130,599 110 176 44
PP RPX345S JPPC-PPRPX345SWP-00 135,221 135,221 330 132 44
PP SF060 PNCO-PPSF060WP-00 107,989 108,390 840 1,460 840
PP Z30S SHPC-PPZ30SWP-00 107,889 107,889 0 20 20
PP Z30S SHPC-PPZ30SWP-00 107,889 107,889 0 80 80
PP Z30S MPC-PPZ30SPP-00 107,889 107,889 0 110 110
PP Z30S SHPC-PPZ30SWP-00 107,889 107,889 300 280 200
PP Z30S MPC-PPZ30SPP-00 107,889 107,889 1,100 1,056 858
PP ZB332C NZCH-PPZB332CJ-00 126,638 126,638 0 21 21
PP ZB332C NZCH-PPZB332CJ-00 126,638 126,638 252 315 231
PP ZH515MA NZCH-PPZH515MAJ-00 116,587 117,060 168 231 168
PP ZR230C NZCH-PPZR230CJ-00 131,559 132,541 420 609 420
PP ZR340R NZCH-PPZR340RJ-00 130,599 130,599 0 42 42
PP ZR340R NZCH-PPZR340RJ-00 130,599 130,599 210 189 168
PP-552R NZCH-PPZH552RJ-00 107,889 108,113 504 714 504
PS EPS R310 ENPC-PSSER310J-089 106,780 106,780 100 30 30
PS EPS SE1000 BAN-PSESE1000J-00 106,365 106,365 110 110 110
PS EPS SE2000 BAN-PSESE2000J-00 110,589 110,589 110 132 110
PS GPPS PTJP-PSGPPSG1551PPP-00 103,793 103,793 405 247/5 247/5
PS GPPS APK-PSGPPS1309L-00 98,280 98,280 250 75 75
PS GPPS 1540 TABC-PSGPPS1540PP-00 103,452 103,452 0 22 22
PS GPPS 1540 TABC-PSGPPS1540PP-00 103,452 103,452 0 55 55
PS GPPS 1540 TABC-PSGPPS1540PP-00 103,452 103,452 1,001 528 231
PS GPPS MP08 MPG-PSGPMP08L-00 98,603 98,603 500 330 280
PS HIPS 7240 TABC-PSHIPS7240PP-00 116,448 116,448 0 11 11
PS HIPS 7240 TABC-PSHIPS7240PP-00 116,448 116,448 0 132 132
PS HIPS 7240 TABC-PSHIPS7240PP-00 116,448 116,448 0 220 220
PS HIPS 7240 TABC-PSHIPS7240PP-00 116,448 116,448 1,001 385 385
PS Self Retarding F100 ENPC-PSSEF100J-089 108,907 108,907 200 40 30
PS Self Retarding F200 ENPC-PSSEF200J-089 108,907 108,907 0 10 10
PS Self Retarding F200 ENPC-PSSEF200J-089 108,907 108,907 100 30 20
PS-400C TABC-PSE400CJ-00 100,239 101,529 40 100 40
PSE200 TABC-PSE200J-00 103,357 103,357 205 50 40
PS-E300C TABC-PSE300J-00 103,357 103,357 0 10 10
PS-E300C TABC-PSE300J-00 103,357 103,357 205 50 40
PVC E6832 ARCO-PVCE6834PP-00 112,427 112,427 0 22 22
PVC E6832 ARCO-PVCE6834PP-00 112,427 112,427 66 44 44
PVC E6832 ARCO-PVCE6834PP-00 111,468 112,427 264 594 264
PVC Ext. ARCO-PVCE6644P-00 81,928 81,928 66 66 66
PVC Ext. ARCO-PVCE6644P-00 81,497 81,928 264 286 264
PVC S65 GPC-PVCS65PP-00 99,777 100,599 396 1,122 396
PVC S65 ARCO-PVCS65PP-00 101,818 102,364 1,012 3,146 1,012
PVC S65 GPC-PVCS65J-00 97,456 98,024 1,200 3,300 1,200
PVC S65 ARCO-PVCS65J-00 87,213 88,168 2,000 3,460 2,000
PVC S65 ARCO-PVCS65PP-00 91,479 93,070 2,002 4,686 2,002
PVC S65 IPC-PVCS65PP-00 86,579 88,201 2,508 4,246 2,508
SBR 1502 IPC-LSBR1502MP-00 120,020 120,020 0 21 21
SBR 1502 IPC-LSBR1502MP-00 120,020 120,020 0 42 42
SBR 1502 IPC-LSBR1502MP-00 120,020 120,020 0 63 63
SBR 1502 IPC-LSBR1502MP-00 120,020 120,020 1,008 378 378
SBR 1712 TJPC-DSBR1712MP-00 108,486 108,486 504 462 462

The last “market analysis” published at “Polymer Industries Media International” was: Ramadan Restrictions Added To COVID-19 To Reduce The Market Size

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