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The Shadows Of Exiting Polymer Markets From Recession In Iran

The Shadows Of Exiting Polymer Markets From Recession In Iran

Written By : Editorial
Reading time : 5 minutes

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In recent days, the trading of polymers on the stock market has been relatively attractive, and compared to previous weeks, one can say that there was a boom in trading, so that, even some important competition have been recorded.

This relatively favourable trend in the past two days has given new optimism to the market, so that we may see a market out of downturn gradually.
The roughly favourable supply and effective demand are among the key features of recent polymers trading on the stock market. The decline in base prices may be one reason for the relative increase in demand in recent days. Though the US$ value fluctuation does not allow prices to rise. This new approach implies that there is genuine effective demand from the main buyers or actual producers. Of course, low stocks can also help boost demand.
Increasing the volume of purchases under current circumstances means that some buyers, even with speculation or brokering goals, do not consider the possibility of falling prices as a high priority for themselves, as if they are not very sure of a free market price decline as well.
Of course, these cases require closer scrutiny, but the relative improvement in trader and buyer behaviour has led to less skepticism so far. Admittedly, the market analysts should accept that the market is not only dictated by the base prices in the stock and free markets. However, this does not mean that the underlying prices are less important. The essence of change is always in the context of the markets, and this time as if the startup has undergone some changes, but in the coming days we can speak more explicitly with a closer look at prices in the context of the world polymers’ price index or trading volume and percentage of traded supply. Las week the trading volume of polymers on the stock exchange was close to 43,000 tonnes, which is likely to grow this week.
Prices fluctuate in the open market
The prices in IME are following the leverage of base prices, which are downward. This should be a principle for monitoring the free markets with some modification. May be in short term the effects of the base price fluctuation can’t be seen very fast, but in middle to long terms, it is the base price that dictates the future of the free market. Though, beside of this fact the amount of supply and demand should always be taken into account. In the other words, it is the competition and supply/demand that gives the last signal for market assessment.
At this condition that the amount of supplies in the stock is higher than demand, the competition sword is not too much cutting except for special grades that always promote competitions. If this will remain as it is (higher supply than demand) so there will be no high interesting competition in the market. Although some other factors like overhauls and maintenance or sudden accidents may affect the supplies and so the market condition and demands.

The following tables show today’s free market prices and trade volumes at the IME.

The following table shows the free market prices at the market’s closing time on Wed. July 31st, 2019

Type Grade Producer Price (Rls.)
ABS 10415 Tabriz Petrochemical 221000
ABS 10417 Abtak Petrochemical 220000
ABS ABS150 Tabriz Petrochemical 176500
ABS N50 Ghaed Basir 190000
DOP DOP Oil 229000
HDPE Hi500 Bandar Imam Petrochemical 116500
HDPE Tabriz 3840 Tabriz PC 110000
HDPE Blown 0035 Bandar Imam Petrochemical 115700
HDPE Blown Bl3 Jam Jam Petrochemical 116500
HDPE Blown Bl3 Bakhtar Bakhtar Petrochemical 115500
HDPE Blown Bl3 Marun Marun Petrochemical 115000
HDPE Extrusion EX3 AmirKabir AmirKabir Petrochemical 129000
HDPE Extrusion CRP100N Marun Petrochemical 129000
HDPE Extrusion CRP100 Marun Marun Petrochemical 129000
HDPE Extrusion CRP100B Arak Arak Petrochemical 140000
HDPE Extrusion EX5 Jam Jam Petrochemical 116000
HDPE Extrusion EX5 Bakhtar Bakhtar Petrochemical 115000
HDPE Extrusion EX5 Marun Marun Petrochemical 115300
HDPE Film F7000 Mehr Mehr Petrochemical 118800
HDPE Film F7000 Ilam Ilam Petrochemical 116500
HDPE Film 5110 Arya Arya Petrochemical 117000
HDPE Film 52518 Jam Petrochemical 110000
HDPE injection 60507 Jam Petrochemical 109000
HDPE injection 62N07 Lorestan Petrochemical 106500
HDPE Rotational 3840 UA Tabriz Tabriz Petrochemical 110000
LDPE Film LF190 Arya sasoul 119500
LDPE Film 020 Bandar Imam Petrochemical 120000
LDPE Film 0075 Bandar Imam PC 125000
LDPE Film 2420H AmirKabir Petrochemical 120000
LDPE Film 2420D Kosar Petrochemical 121000
LDPE Film 2420E02 Kordestan PC 119000
LDPE Film 2102TX00 Lale Petrochemical 119300
LLDPE LLD 209 Amir AmirKabir Petrochemical 115000
LLDPE LLD 22B03 Mahabad Mahabad Petrochemical 114000
LLDPE LLD 209 Arak Arak Petrochemical 113700
LLDPE LLD 22b02 Mahabad Mahabad Petrochemical 114000
LLDPE LLD 22b01 Mahabad Mahabad Petrochemical 114000
LLDPE LL 0209KJ Tabriz Petrochemical 116000
LLDPE 1922T lale Lale Petrochemical 123000
LLDPE 19922T Arya Arya Petrochemical 123000
PET PET-BG781 Tondgooyan Petrochemical 156000
PET PET-BG785 Tondgooyan Petrochemical 156000
PET PET-BG825 Tondgooyan Petrochemical 156000
PP Fibre C30G Marun Marun Petrochemical 136000
PP Fibre ZH 515MA Navid Zar Chemical 157500
PP Fibre Z30S Marun Marun Petrochemical 135000
PP Fibre C30S Marun Marun Petrochemical 138000
PP Fibre RG1102XK 139500
PP Fibre Z30s Ar Arak Petrochemical 136300
PP Fibre 552R Jam Jam Petrochemical 135700
PP Fibre 552R Marun Marun Petrochemical 135700
PP Fibre 552R Arak Arak Petrochemical 135000
PP Fibre 552R Navid Navid Petrochemical 135000
PP Injection 548R Jam Jam Petrochemical 161000
PP Injection ZB 440L Navid Zar Chemical 151000
PP Injection MR230 Marun Petrochemical 213000
PP Injection ZR230 Navid Zar Chemical 211000
PS GPPS GPPS 1540 Tabriz Petrochemical 136000
PS HIPS HIPS 7240 Tabriz Petrochemical 169500
PVC S65 S65 Ghadir Ghadir PC 101000
PVC S65 PVC S65 Arvand Arvand Petrochemical 101500
PVC S65 PVC S65 Bandar Bandar Imam Petrochemical 101500

The following table shows the trade volumes at IME hall on Wed. July 31st, 2019

Commodity Symbol Min. Price (Rls.) Sold Price (tons) Offering Volume (tons) Demand Volume (tons) Trade Volume (tons)
HDPE 0035 IPC-HDHB0035PP-00 100,894 100,894 0 100,894 160
HDPE 7000F ILPE-HD7000FWP-00 101,211 101,211 0 101,211 44
HDPE BL3 KEPE-HDBL3WP-00 100,894 100,894 0 100,894 24
HDPE HF5110 ASPC-HDHF5110WP-00 101,211 101,211 0 101,211 22
LLDPE SHPC-LLD0209AAWP-00 99,586 99,586 0 99,586 40
LLDPE 22B02 MAPE-LLD22B02WP-00 99,586 99,586 0 99,586 72
LDPE 2102TX00 LPC-LD2102TX00WP-00 103,822 103,822 0 103,822 66
LDPE 2420E02 KRD-LD2420E02PP-00 103,822 103,822 0 103,822 24
LDPE LF0190 ASPC-LDLF0190WP-00 103,822 103,822 0 103,822 22
PET BG781 PTC-PETBG781J-00 133,877 133,877 0 133,877 22
PBR -1220 SHPC-PBR1220WWP-00 144,070 144,070 0 144,070 20/16
PET Super Bright TG645 PTC-PETTGSUB645J-00 116,839 116,839 0 116,839 66
PET TG641 MOD PTC-PETTG641MODJ-00 116,263 116,263 0 116,263 110
PP HP552R SHPC-PPHP552RPJ-00 109,994 109,994 0 109,994 20
PP V30S SHPC-PPV30SWP-00 113,396 113,396 0 113,396 40
PVC  S60 IPC-PVCS60PP-00 91,017 91,017 0 91,017 22
PVC S65 IPC-PVCS65PP-00 85,766 85,766 0 85,766 22
PVC S65 ARCO-PVCS65PP-00 85,766 85,766 0 85,766 44
Epoxy Resin Solid E1-75 KZPC-ERE1X75SSG-603 265,000 265,000 0 265,000 8/8

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