Iranian Polymer Market Experienced Lowest Trade Last Week

Last week due to the end of Ramadan and a week with two consecutive holidays on the occasion of “Eid-al-Fatir” which practically resulted in a one full vacation of many private companies, for the first time at this Iranian year of 1396 (March 21st 2017- March 20th 2018) the volume of supplied (offered) polymers by petrochemicals faced with such a limit of decline.  At this year and at each week the amount of supply volumes have always been more than 70.000 tons.

According to the news released by stock exchange experts, at the first week of Tir Maah (the 4th Iranian calendar month= June 22-29th) the IME hall experienced the lowest trade volumes due to religious holidays. Though at the previous week the volume of offers were about 61.000 tons.

During the last week the total volume of deals faced with more than 8000 tons, were the IME hall experienced more than 17.000 tons of demands and near 10.000 tons decline in supplies (note to table 1 below). This shows a total of more than 26.000 tons of decrease in polymer supplies.

Table 1: Comparison Charts for weeks: June 18^th – 25^th (2 weeks ago) and June 25^th – July 2^nd 2017 (last week)

Comparison table for polymer markets in Iran between two above weeks
PIMI.IR Portal	2 Weeks ago	Last Week	Deviation (+ / -)
Total offers (tons)	70748	60939	-9809
Total Demands (tons)	89849	72629	-17220
Trade Volume (tons)	43067	34971	-8096

US$ for calculation of the base price for deals at IME: For 2 weeks ago, 1US$= 37.450 Rials and for Last week the committee  decided to keep all prices constant for the 3^rd month of the Iranian Calendar and the two first weeks of next month. The price of 1US$ at the free market was 37.650 Rilas.

Notice: The US$ price and base price definitions were neglected for the first week of the 4^th months of Iranian Calendar (June 22^nd-July 22^nd)

The highest decrease in supplies belongs to blowing grades of HDPE with 3000 tons of less polymer offers. Also film grade of LDPE has experienced a decrease of about 2502 tons, where the LLDPE showed 2057 tons of decreasing in offers. At the same time the injection grade of HDPE faced with 1230 tons in supply.

However, the injection grade of PP with 272 tons increase showed an increase in supply of this polymer. As far as demands are concerned, the highest demand belonged to the grade ZR230C of PP which recorded more than 13.000 tons and so found a very competitive price in the polymer markets. Table 2 shows the comprehensive situation of polymer deals during the last low volume polymer market in Iran.

Table 2: Materials Statistics Between June 18^th-25^th (2 weeks ago) and June 25^th -July 2^nd  2017 (last week)

	Grade	Offers (Two week ago-tons)	Average Base Price (Last Week)	Highest Sold Price (Rials)	Offers (Last Week) (tons)	Demands (Last Week-tons)	Trade Volume (Tons)	Offers Deviations Volumes +/-
ABS
	Natural-50	70	67845	75600		190	70	+20
	Natural-75	0	0	0	0	0	0	0
HDPE
	Blowing	6832	36238	37359	2832	772	772	-3000
	Extrusion	7312	40518	41204	6812	6384	5340	-500
	Injection	2625	36452	36452	1395	154	132	-1230
	Film	4550	38253	38.353	4704	1280	1126	+154
	Rotational	433	38092	38957	0	0	0	0
LDPE
	Film	10008	41016	45118	7506	5572	3286	-2520
	Injection		41724	45869	110	550	110	??
LLDPE
	Film	8283	38022	39325	6226	4224	3962	-2507
PC
PET
	Bottle	4840	33644	38219	5038	10549	5038	+198
PP
	Injection	2367	42704	46974	2639	24167	2061	+272
	Fibre	8763	37679	39019	8017	11294	7973	-746
	Film	528	38032	41836	0	0	0	0
PS
	EPS	250	48655	52890	0	0	0	0
	GPS	2050	46657	46657	2250	1120	680	+200
	HI-Impact	600	49618	49618	600	0	0	0
PVC
	Susp’n	9102	31318	34449	8194	5326	3504	-908
	Emol’n	308	33823	40587	308	1694	308	0
SBR
	Dark	590	45547	45547	210	105	105	-380
	Bright	1020	49086	49086	720	62	62	-500