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High Fluctuation In Iranian Free Market Polymer Prices

High Fluctuation In Iranian Free Market Polymer Prices

Written By : Editorial
Reading time : 16 minutes

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High Fluctuation In Iranian Free Market Polymer PricesAs reported last week because of today’s important holiday the announced base prices on April 14th is also valid for this week. Even this constant pricing for the base prices were not too much effective for trade volumes at IME hall, but the US$ value changes in official and market rates resulted in daily price fluctuation in the market.

During the week April 13th till 19th the number of deal decreased by 6 times from the previous week and the competitive for the commodities were not so attractive. As an example during the last day of the first Iranian month in the new year (Yesterday, Sat. April 21st) were 1492.84 tons including epoxy resins and only 144 tons of HDPE (refer to the following table which shows trade volumes on April 21st).

Commodity Symbol Min. Price (Rls.) Price Sold (Rls.) Demands Volume (tons) Offering Volume (tons) Trade Volumes (tons)
HDPE 62N07UV LOR-HD62N07UVPP-00 81,556 81,556 0 144 144
PC KZPC-PGPC1012URWP-00 298,009 301,704 50 180 50
PC KZPC-EREPIRAN011PWP-00 276,000 276,000 80 20 20
PC 0710 KZPC-PGPC0710ZP-603 292,828 298,301 135 310 135
PBR -1220 SHPC-PBR1220WWP-00 117,397 117,397 504 483/84 483/84
SOLID EPOXY RESIN SOLUTION IN MIXED XYLENE E1-75 KZPC-ERE1X75SSG-603 230,000 230,000 88 57/2 57/2
SPECIAL LIQUID EPOXY RESIN E06 KZPC-ERE06LSPLG-603 276,000 276,000 88 83/6 83/6
SPECIAL LIQUID EPOXY RESIN E06 KZPC-ERE06LSPLG-603 276,000 276,000 0 4/4 4/4

What was important during all these days was the high daily fluctuation in the free market prices. The questioning facts are: 1) In a country that produces the commodities at a level of 4 times of domestic consumption, what is the reason for having a free (black=illegal) market; 2) Most licensed factories even don’t care to defend their right to buy with the lower official prices!

Table 1 Below: Trade volumes, ODTv table and new base prices for April 13th-April 19th, 2019

Table 2 Below: Trade volumes, ODTv table and new base prices for April 6th-April 12th, 2019

The following table shows the total trade figures of polymers for the last week (April 13th – 19th) at the IME hall in 116 times of deals (6 times less than last week). All prices are the same as previous week due to the great holiday of today April 21st. in Iran. The rices are in Iranian Rials based on the US$ value of 1 US$= Rials 89.579, which is Rls. 1.083 less than the last price evaluation of the 2nd week of 1398 (March 30th- April 5th.)

Commodity Symbol Min Price (Rls.) Sold Price (Rls.) Offering Volume (tons) Demands Volume (tons) Trade Volume (tons)
ABS SD0150 TABC-ABSSD0150PP-00 129,300 130,521 400 440 400
EPS TABC-PSEPSFJ-00 25 0 0
GPPS TABC-PSGPPS1540NP-00 103,246 103,246 0 44 44
GPPS TABC-PSGPPS1540NP-00 103,246 103,246 1,001 924 902
GPPS 5030SA TABC-HD5030SAPP-00 88,789 90,346 500 700 500
GPPS G1551 PTJP-PSGPPSG1551PP-00 106,439 106,439 400 20 20
GPPS MP08 MPG-PSGPMP08L-00 50 0 0
HDPE JPC-HDBL3PWJ-00 78,180 78,180 0 66 66
HDPE JPC-HDCRP100NPJ-00 98,869 101,439 110 440 110
HDPE ILPE-HDPE7700MP-00 113,444 114,881 198 858 198
HDPE JPC-HDBL3PWJ-00 78,180 78,180 198 132 132
HDPE 52518 JPC-HD52518PJ-00 71,916 71,916 198 154 154
HDPE 52518 JPC-HD52518PP-00 85,109 85,568 1,122 2,178 1,122
HDPE 60507U JPC-HD60507UVPP-00 81,556 81,556 506 352 330
HDPE 60507U JPC-HD60507UVPP-00 81,556 81,556 0 154 154
HDPE 60507U JPC-HD60507UVPP-00 81,556 81,556 0 22 22
HDPE 62N07UV LOR-HD62N07UVPP-00 81,556 81,556 816 384 360
HDPE 62N07UV LOR-HD62N07UVPP-00 81,556 81,556 0 72 72
HDPE 62N07UV LOR-HD62N07UVPP-00 81,556 81,556 0 96 96
HDPE 7000F ILPE-HD7000FWP-00 88,103 88,103 1,518 946 858
HDPE 7000F MEPC-HD7000FWP-00 88,103 88,103 0 110 110
HDPE 7000F ILPE-HD7000FWP-00 88,103 88,103 0 132 132
HDPE 7000F MEPC-HD7000FWP-00 88,103 88,103 4,004 3,344 3,190
HDPE 7000F MEPC-HD7000FWP-00 88,103 88,103 0 660 660
HDPE 7000F ILPE-HD7000FWP-00 88,103 88,103 0 22 22
HDPE BL3 MPC-HDBL3L-00 90,339 91,327 1,606 2,398 1,606
HDPE BL3 KEPE-HDBL3WP-00 91,009 92,058 720 1,488 720
HDPE BL3 JPC-HDBL3PP-00 91,510 92,090 198 814 198
HDPE CRP100B SHPC-HDCRP100BWP-00 125,589 126,310 2,000 3,460 2,000
HDPE CRP100N JPC-HDCRP100NPP-00 114,129 115,157 1,496 4,092 1,496
HDPE EX3 PAM-HDEX3L-00 112,379 113,442 3,000 5,530 3,000
HDPE EX5 MPC-HDEX5L-00 88,999 89,920 506 726 506
HDPE HF5110 ASPC-HDHF5110WP-00 89,588 90,455 1,320 2,112 1,320
HDPE HI0500 IPC-HDHI0500PP-00 79,911 80,425 1,500 1,830 1,500
HDPE Powder EX5 JPC-HDEX5PWDJ-00 79,293 79,293 1,100 132 132
HDPE Powder EX5 JPC-HDEX5PWDJ-00 79,293 79,293 0 154 154
HIPS TABC-PSHIPS7240NP-00 113,493 113,493 1,001 1,023 968
HIPS TABC-PSHIPS7240NP-00 113,493 113,493 0 33 33
LDPE 1922T LPC-LDEP1922TWP-00 87,332 87,332 220 132 132
LDPE 1922T ASPC-LDEP1922TWP-00 110 22 0
LDPE 1922T LPC-LDEP1922TWP-00 87,332 87,332 0 44 44
LDPE 2100TN00 LPC-LD2100TN00WP-00 103,122 104,673 110 572 110
LDPE 2102TX00 LPC-LD2102TX00WP-00 86,467 86,467 1,980 2,002 1,892
LDPE 2102TX00 LPC-LD2102TX00WP-00 86,467 86,467 0 88 88
LDPE LF0190 ASPC-LDLF0190WP-00 90,509 91,643 1,210 2,332 1,210
LDPE LF0200 IPC-LDLF0200PP-00 92,995 94,388 900 2,030 900
LDPE LH0075 IPC-LDLH0075PP-00 100,888 101,343 900 2,290 900
LLDPE PAM-LLD0209AAJ-00 97,369 98,438 3,100 6,030 3,100
LLDPE SHPC-LLD0209AAWP-00 97,909 98,492 800 2,780 800
LLDPE 209KJ TABC-LLD0209KJPP-00 84,077 84,077 500 500 500
LLDPE 22B01 MAPE-LLD22B01WP-00 87,501 88,164 480 960 480
LLDPE 22B02 MAPE-LLD22B02WP-00 92,123 93,360 480 1,536 480
LMDPE 3840UA TABC-MD3840UAPP-00 94,259 101,116 1,500 1,820 1,500
PBR -1220 TJPC-PBR1220MP-00 118,790 118,790 294 105 105
PBR-1220 SHPC-PBR1220WWP-00 118,790 118,790 504 60/48 60/48
PBR-1220 SHPC-PBR1220WWP-00 118,790 118,790 0 20/16 20/16
PBR-1220 SHPC-PBR1220WWP-00 118,790 118,790 0 60/48 60/48
PBR-1220 SHPC-PBR1220WWP-00 118,790 118,790 0 20/16 20/16
PC KZPC-PGPC1012URWP-00 275,009 277,514 50 160 50
PC 0710 KZPC-PGPC0710ZP-603 268,589 270,662 135 310 135
PET BG731 PTC-PETBG731J-00 160,789 161,976 308 858 308
PET BG735 PTC-PETBG735J-00 161,919 162,817 220 682 220
PET BG781 PTC-PETBG781J-00 163,333 165,646 1,507 3,553 1,507
PET BG785 PTC-PETBG785J-00 162,769 164,721 1,001 2,156 1,001
PET BG825 PTC-PETBG825J-00 157,001 160,405 2,002 3,498 2,002
PET Super Bright TG641 PTC-PETTGSUB641J-00 120,361 120,775 2,002 2,684 2,002
PET Super Bright TG645 PTC-PETTGSUB645J-00 122,400 122,942 506 1,254 506
PET TEXTILE GRADE641 PTC-PETTG641J-00 130,699 138,211 1,001 2,420 1,001
PET TG645 PTC-PETTG645J-00 118,299 118,921 2,002 3,256 2,002
PP – ZH510L NZCH-PPZH510LJ-00 133,999 134,822 315 882 315
PP – ZH525J NZCH-PPZH525JJ-00 145,002 146,120 1,260 1,932 1,260
PP – ZH550J NZCH-PPZH550JJ-00 133,999 134,892 210 483 210
PP EP548R JPPC-PPEP548RWP-00 158,190 158,998 220 1,892 220
PP Ext. C30S MPC-PPC30SL-00 135,589 135,908 1,298 3,124 1,298
PP HP510L JPPC-PPHP510LWP-00 131,009 132,289 960 2,376 960
PP HP525J JPPC-PPHP525JWP-00 144,018 146,062 1,968 3,408 1,968
PP HP525J MPC-PPHP525JL-00 142,999 143,152 220 484 220
PP HP552R MPC-PPHP552RL-00 132,589 133,671 220 770 220
PP HP552R JPPC-PPHP552RWP-00 130,130 132,065 1,536 3,120 1,536
PP HP564S JPPC-PPHP564SWP-00 135,699 135,699 1,920 3,768 1,920
PP MR332C MPC-PPMR230CL-00 170,890 171,837 374 1,518 374
PP RG1104K RJCO-PPRG1104KJ-00 136,888 139,163 294 567 294
PP RG3212E RJCO-PPRG3212EWP-00 163,739 163,739 198 1,122 198
PP RPX345S JPPC-PPRPX345SWP-00 155,289 155,621 110 858 110
PP SF060 PNCO-PPSF060WP-00 137,555 138,168 1,000 2,420 1,000
PP Z30G MPC-PPZ30GL-00 128,169 128,849 660 1,210 660
PP Z30S MPC-PPZ30SL-00 132,899 133,593 1,100 2,200 1,100
PP ZB332C NZCH-PPZB332CJ-00 172,481 174,034 126 609 126
PP ZR230C NZCH-PPZR230CJ-00 166,869 168,443 210 882 210
PP ZR340R NZCH-PPZR340RJ-00 160,000 161,253 126 672 126
PP-552R NZCH-PPZH552RJ-00 128,780 130,527 357 777 357
PS SELF RETARDING F100 ENPC-PSSEF100J-00 146,239 146,239 25 85 25
PS SELF RETARDING F200 ENPC-PSSEF200J-079 105,315 116,271 25 65 25
PS SELF RETARDING F200 ENPC-PSSEF200J-089 121,555 123,691 100 230 100
PS SELF RETARDING F300 ENPC-PSSEF300J-079 113,579 113,579 25 55 25
PS SELF RETARDING F300 ENPC-PSSEF300J-00 106,864 108,372 50 75 50
PS-400C TABC-PSE400CJ-00 102,277 102,277 0 20 20
PS-400C TABC-PSE400CJ-00 102,277 102,277 50 30 30
PSE200 TABC-PSE200J-00 140,610 142,337 120 290 120
PS-E300C TABC-PSE300J-00 130,789 132,390 200 480 200
PVC E ARCO-PVCE7044P-00 67,746 67,746 154 22 22
PVC E ARCO-PVCE7044P-00 67,746 67,746 0 44 44
PVC E ARCO-PVCE6644P-00 68,079 68,079 132 44 44
PVC S65 GPC-PVCS65J-00 65,217 65,217 1,820 1,820 1,820
PVC S65 ARCO-PVCS65PP-00 67,679 68,012 2,002 3,124 2,002
PVC S65 ARCO-PVCS65J-00 65,279 65,544 2,000 2,920 2,000
PVC S65 IPC-PVCS65PP-00 66,917 67,459 2,596 3,300 2,596
PVC S65 ARCO-PVCS65WP-00 65,217 65,217 220 264 176
PVC S65 ARCO-PVCS65WP-00 65,217 65,217 0 44 44
SBR 1520 IPC-LSBR1502MP-00 111,704 111,965 504 735 504
SBR 1520 IPC-LSBR1502WP-00 114,503 114,503 0 90/09 90/09
SOLID EPOXY RESIN SOLUTION IN MIXED XYLENE E1-75 KZPC-ERE1X75SSG-603 230,000 230,000 96/8 70/4 70/4
SOLID EPOXY RESIN SOLUTION IN MIXED XYLENE E1-75 KZPC-ERE1X75SSG-603 230,000 230,000 0 26/4 26/4
SPECIAL LIQUID EPOXY RESIN E06 KZPC-ERE06LSPLG-603 276,000 276,000 0 30/8 30/8
SPECIAL LIQUID EPOXY RESIN E06 KZPC-ERE06LSPLG-603 276,000 276,000 96/8 61/6 61/6

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The following table shows the total trade figures of polymers for the two  weeks ago  (April 6th – April 12th) at the IME hall in 122 times of deals (almost double in compare with last week). All prices are in Iranian Rials based on the US$ value of 1 US$= Rials 89.579, which is Rls. 1.083 less than the last price evaluation of the 2nd week of 1398 (March 30th- April 5th.) (News Link)

Commodity Symbol Min. Price (Rls.) Sold Price (Rls.) Offering Volume (tons) Demand Volume (tons) Trade Volume (tons)
ABS  SD0150 TABC-ABSSD0150PP-00 133,239 134,306 200 260 200
ABS N-50 GBPC-ABS50NWP-00 137,349 139,338 50 150 50
EPS TABC-PSEPS526J-00 130,130 130,130 35 80 35
EPS TABC-PSEPSFJ-00 25 0 0
EPS SE3000 BAN-PSSE3000J-00 110,758 110,758 308 22 22
GPPS TABC-PSGPPS1540NP-00 103,643 103,643 803 770 770
GPPS TABC-PSGPPS1540NP-00 103,643 103,643 0 33 33
GPPS G1551 PTJP-PSGPPSG1551PP-00 400 0 0
GPPS MP08 MPG-PSGPMP08L-00 50 0 0
HDPE LOR-HD52B18WP-00 81,679 81,679 96 192 96
HDPE 0035 IPC-HDHB0035J-00 92,119 92,647 130 300 130
HDPE 5030SA TABC-HD5030SAPP-00 89,399 91,034 400 510 400
HDPE 52518 JPC-HD52518PP-00 80,805 81,377 2,992 3,190 2,992
HDPE 62N07UV LOR-HD62N07UVPP-00 82,273 82,273 0 312 312
HDPE 62N07UV LOR-HD62N07UVPP-00 82,273 82,273 816 552 504
HDPE 7000F MEPC-HD7000FWP-00 88,889 89,711 2,508 2,904 2,508
HDPE 7000F ILPE-HD7000FWP-00 88,398 88,398 1,518 1,210 1,166
HDPE 7000F ILPE-HD7000FWP-00 88,398 88,398 0 352 352
HDPE BL3 KEPE-HDBL3WP-00 94,009 94,242 480 1,248 480
HDPE BL3 MPC-HDBL3L-00 89,788 90,307 1,012 1,364 1,012
HDPE BL3 JPC-HDBL3PP-00 87,648 87,648 1,012 1,056 1,012
HDPE CRP100B SHPC-HDCRP100BWP-00 118,122 121,261 2,000 2,760 2,000
HDPE EX3 PAM-HDEX3L-00 111,159 112,500 3,300 6,150 3,300
HDPE EX5 MPC-HDEX5L-00 88,398 88,398 0 176 176
HDPE EX5 MPC-HDEX5L-00 88,398 88,398 506 352 330
HDPE EX5 JPC-HDEX5PP-00 88,398 88,398 0 110 110
HDPE EX5 JPC-HDEX5PP-00 88,398 88,398 1,540 1,430 1,430
HDPE HF5110 ASPC-HDHF5110WP-00 91,999 92,695 1,320 2,464 1,320
HIPS TABC-PSHIPS7240NP-00 118,008 118,412 803 1,144 803
HIPS 4512 MBIG- PSHIPS4512L-00 50 0 0
LDPE KRD-LD2426E02P-00 87,410 87,410 0 456 456
LDPE KRD-LD2426E02P-00 87,410 87,410 600 168 144
LDPE 1922T ASPC-LDEP1922TWP-00 87,863 87,863 220 132 88
LDPE 1922T LPC-LDEP1922TWP-00 87,863 87,863 220 110 110
LDPE 1922T ASPC-LDEP1922TWP-00 87,863 87,863 0 22 22
LDPE 2102TX00 LPC-LD2102TX00WP-00 87,529 87,798 1,870 2,134 1,870
LDPE 2420D PAM-LD2420DPP-00 89,539 90,143 1,100 1,364 1,100
LDPE 2420H PAM-LD2420HPP-00 87,499 88,281 1,100 1,430 1,100
LDPE LF0190 ASPC-LDLF0190WP-00 91,109 92,166 990 1,672 990
LDPE LF0200 IPC-LDLF0200PP-00 91,789 92,614 1,000 1,370 1,000
LDPE LH0075 IPC-LDLH0075PP-00 99,269 99,965 1,000 2,270 1,000
LLDPE SHPC-LLD0209AAWP-00 93,519 95,248 1,000 1,920 1,000
LLDPE PAM-LLD0209AAWP-00 97,109 98,608 4,950 8,008 4,950
LLDPE  22B01 MAPE-LLD22B01WP-00 84,533 84,533 480 408 408
LLDPE 209KJ TABC-LLD0209KJPP-00 84,950 84,950 0 260 260
LLDPE 209KJ TABC-LLD0209KJPP-00 84,950 84,950 500 240 240
LLDPE 22B01 MAPE-LLD22B01WP-00 84,533 84,533 0 72 72
LLDPE 22B02 MAPE-LLD22B02WP-00 87,547 89,629 480 840 480
LLDPE 22B03 MAPE-LLD22B03WP-00 84,533 84,533 0 360 360
LLDPE 22B03 MAPE-LLD22B03WP-00 84,533 84,533 480 120 120
LMDPE  3840UA TABC-MD3840UAPP-00 115,500 118,730 1,000 2,080 1,000
PBR -1220 SHPC-PBR1220WWP-00 122,855 122,855 504 80/64 80/64
PET BG731 PTC-PETBG731J-00 122,919 124,252 506 594 506
PET BG781 PTC-PETBG781J-00 140,877 142,663 2,002 2,706 2,002
PET BG785 PTC-PETBG785J-00 127,420 133,012 506 836 506
PET BG825 PTC-PETBG825J-00 139,555 142,605 2,002 2,486 2,002
PET Super Bright TG641 PTC-PETTGSUB641J-00 122,398 124,687 1,518 2,200 1,518
PET Super Bright TG645 PTC-PETTGSUB645J-00 122,998 124,601 506 924 506
PET TEXTILE GRADE641 PTC-PETTG641J-00 128,854 131,461 506 1,078 506
PET TG645 PTC-PETTG645J-00 115,699 116,382 2,508 3,102 2,508
PP  X30G MPC-PPX30GL-00 125,555 127,324 132 528 132
PP – ZH525J NZCH-PPZH525JJ-00 141,999 142,745 1,092 1,743 1,092
PP – ZH550J NZCH-PPZH550JJ-00 125,975 127,440 378 546 378
PP C30G MPC-PPC30GL-00 123,009 124,618 704 1,892 704
PP EP548R JPPC-PPEP548RWP-00 145,858 147,337 352 1,430 352
PP EPC40R SHPC-PPEPC40RWP-00 157,500 159,434 500 1,540 500
PP Extr.  C30S MPC-PPC30SL-00 128,888 130,403 880 2,046 880
PP Extr. V30G MPC-PPV30GL-00 124,289 125,828 88 176 88
PP HP510L JPPC-PPHP510LWP-00 126,190 127,166 1,152 2,160 1,152
PP HP525J MPC-PPHP525JL-00 136,089 138,497 220 308 220
PP HP525J JPPC-PPHP525JWP-00 137,213 141,702 1,608 2,808 1,608
PP HP552R SHPC-PPHP552RWP-00 130,669 131,717 300 820 300
PP HP552R SHPC-PPHP552RPJ-00 97,320 98,156 100 160 100
PP HP552R JPPC-PPHP552RWP-00 129,289 132,617 960 2,232 960
PP HP552R MPC-PPHP552RL-00 131,699 133,484 770 1,650 770
PP HP564S JPPC-PPHP564SWP-00 101,073 101,073 960 288 288
PP MR332C MPC-PPMR230CL-00 159,320 161,076 374 814 374
PP PYI250 PNCO-PPPYI250WP-00 123,457 126,282 500 900 500
PP RG1102XK RJCO-PPRG1102XKJ-00 125,222 126,091 1,113 1,932 1,113
PP RG1102XL RJCO-PPRG1102XLJ-00 128,669 130,109 315 1,113 315
PP RPX345S JPPC-PPRPX345SWP-00 135,555 141,570 220 550 220
PP SF060 PNCO-PPSF060WP-00 134,211 135,098 500 1,740 500
PP Z30G MPC-PPZ30GL-00 123,456 125,459 880 1,276 880
PP Z30S MPC-PPZ30SL-00 133,999 135,181 198 462 198
PP Z30S SHPC-PPZ30SWP-00 123,190 125,661 800 1,240 800
PP ZB332C NZCH-PPZB332CJ-00 165,239 166,089 147 462 147
PP ZR230C NZCH-PPZR230CJ-00 159,059 161,622 210 462 210
PP ZR340R NZCH-PPZR340RJ-00 145,999 146,487 168 462 168
PP ZR348T NZCH-PPZR348TJ-00 136,265 138,186 84 210 84
PP-552R NZCH-PPZH552RJ-00 132,699 133,800 336 882 336
PS- E500C TABC-PSE500CJ-00 98,953 98,953 25 10 10
PS- E500C TABC-PSE500CJ-00 98,953 98,953 0 15 15
PS Self Retarding SAPE-PSSEFINEJ-00 75 0 0
PS Self Retarding SE250 SAPE-PSSE250J-00 110,758 110,758 40 20 20
PS-400C TABC-PSE400CJ-00 104,789 107,304 70 100 70
PSE200 TABC-PSE200J-00 146,650 148,343 30 150 30
PS-E300C TABC-PSE300J-00 123,820 126,367 150 310 150
PVC  S57 APCO-PVCS57WP-00 77,909 78,806 200 400 200
PVC E ARCO-PVCE6644P-00 68,887 68,887 132 88 88
PVC E ARCO-PVCE7044P-00 68,550 68,550 0 264 264
PVC E ARCO-PVCE7044P-00 68,550 68,550 704 88 88
PVC E ARCO-PVCE7044P-00 68,550 68,550 0 44 44
PVC E ARCO-PVCE6644P-00 68,887 68,887 0 44 44
PVC S65 ARCO-PVCS65J-00 65,329 65,573 2,000 2,660 2,000
PVC S65 ARCO-PVCS65WP-00 65,991 65,991 66 66 66
PVC S65 IPC-PVCS65PP-00 65,991 65,991 2,596 2,706 2,442
PVC S65 ARCO-PVCS65PP-00 67,911 68,260 2,002 3,190 2,002
PVC S65 IPC-PVCS65PP-00 65,991 65,991 0 154 154
PVC S65 GPC-PVCS65J-00 65,991 65,991 1,060 1,060 1,060
SBR 1502 IPC-LSBR1502WP-00 114,503 114,503 990/99 820/82 820/82
SBR 1502 IPC-LSBR1502WP-00 132,789 136,274 500/5 720/72 500/5
SBR 1502 IPC-LSBR1502WP-00 114,503 114,503 0 80/08 80/08

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