Iran Polymer Market; Growth after 3 weeks of Decline

After the Bandar Imam PC complex restarted to supply its 0075  LDPE film grade and supplying about 1500 tons of  the material the price of this grade started to decrease gradually and its competitive rate decreased by 3% in comparison with last week and continued with about 6% competitive rate with the same materials in the market.

According to the “IME” experts, Tehran Mercantile Exchange experienced high volume trades.

Last week’s supply was growing again and experienced 3861 tons of extra offers by petrochemical plants, and passed 70k tons levels.

The following tables and related chart are self speaking about last week’s supplies (offers), demands and trade volumes of the polymers within the official market controlled by IMT and IME.

Also today’s exchange rates for US$ and Euro in open market were: 37810 Rials for 1 US$ and 43990 for Euro. Tommrow PIMI Portal will publish the comparison charts together with its bi-weekly newsletter.

Table 1: Comparison for July 2^nd – July 9^th (2 weeks ago) and July 9^th – July 16^th 2017 (last week)

The prices have been determined on the basis of 1US$ for 37.709 Rials.  At the same date (July 9^th 2017) the exchange rate of the US$ at the free currency market in Teheran has been 1US$=37.809 Rials, and the Euro for 43.590 Rials.

Chart 1: Polymer trade volume chart for July 2-16th, 2017

Table 2: Materials Statistics Between June 25^th -July 2^nd 2017 (2 weeks ago) and July 2nd -July 9^th 2017 (last week)

Notes:

• The above figures show only the statistics for all materials that are the control of IMT Ministry, and have limitations based on the production capacities (nominal) determined by the IMT and should be traded at the IME (Iran Mercantile Exchange) with pre-determined base prices by the polymers’ price committee.
• To find the official prices, please divide the figures in columns 4 & 5 by the US$ official exchange rates (for this table: 1 US$ for 37709 Rials.