Last Two Weeks Sectoral and Economical News
* Asian markets were much affected by the rise in oil prices worldwide and its strengthening over USD 30.00 (Brent crude oil price per barrel) as compared to OPEC price of USD 29.00 and this rising trend is going on.
* Rising trend of the prices in the Iranian free market, upgrading purchase volumes, attraction of customers, boom in manufacture together with the contingent rise in prices in domestic market are all tokens in favor of the market recovery.
* Iran’s USD 400 billion contribution to the USD 75,000 billion GDP is a meager figure. As a matter of fact, this figure has survived many years being approximately the same. It remains to be seen what are the reasons behind this insignificant GDP figure of ours.
* 39th session of Iranian Plastic Industry Association was convened in the premises of the Iranian Chamber of Commerce.
* Dr. Hamid Garmabi, Ph.D., eminent professor in Polymer and Paint Engineering, Amirkabir University of Technology, was elected Member of Parliament by majority vote from his constituency, Neyshabour.
* By virtue of the information disclosed by the Trade Promotion Organization of Iran (TPOI), Iran has recently established tariff preferences with Turkey, Uzbekistan, Kirghizstan, Belorussia and Bosnia-Herzegovina, out of which transactions under preferred trade, agricultural crops, drugs and petrochemical compounds are noteworthy.
* Switzerland has expressed interest and readiness in playing a major role in the conduction of transactions with the Iranian finance and banking institutions as a promising and efficient development.
* As put by Mr. Sahaf Amin, Chairman, Iranian Association of Polyethylene Pipes & Fittings Producers: “Should we exempt the transactions of polymer raw materials from the Iranian Mercantile Exchange and do not devise an appropriate and efficient strategy to this end, the Iranian producers at large will encounter more challenging problems in future.
* Iranian Chamber of Commerce will dispatch to Austria a trade delegation in the company of the Iranian President in his imminent travel there.
* Under the present circumstances, Competition Board in Tehran Stock Exchange has not confirmed bidding option liberalization, alleging it will give rise to the clouding of the issue, favoritism, etc.
* Association of Plastic Industries, Tehran Province has called, offering himself for the sponsorship of the 9th annual event of Eurasia Plast.
* In its session convened today, Plastic Education Commission has elected members to its three task forces commissioned with the elaboration of a new approach to the development of education in the plastic industry.
* Shahid Beheshti University will host the Scientific Conference and Specialized Workshop on Polymer Science & Industry. The event will be held for ten days.
* Within the last ten months of the current Iranian year, four sectors of economy have contributed less than 30% to the rise in the exports figures.
* Having achieved the production of bi-component polymer nano-carriers at the laboratory scale, researchers in Mashhad University of Medical Sciences have significantly improved the gene therapy’s efficacy relative to the pulmonary cancer.
* A graduate in M.Sc. degree in sport physiology, Islamic Azad University, Mahallat Branch and current instructor in Islamic Azad University, Qom Branch, has recently succeeded in manufacturing and commercializing zippered fold-up shoes in Iran.
* The experiences accumulated in the last years are repeating with the new surge in seasonal demand in the petrochemical market. Indeed, the said market is assuming its trend of recovery within the end-year months (Iranian calendar) and with the increase in prices at the free market, transactions, too, are following a rise.
- The volume in polymer transactions at Tehran Stock Exchange has reached its peak rate within the current Iranian year. The issue has arisen as a result of the prices increase in the free market, on the one hand, and expectation of greater purchase profits to be derived by higher sales figures in the near future, on the other. It is worth mentioning that this volume increase in sales figures has been traditionally witnessed in the past.
* The industry insiders firmly believe the general policies governing the plastic industry should be channelized in such a manner to ensure the production cycle will be thoroughly performed in Iran, from the onset to the outcome (end user).
* Chairman, Iranian Association of Polyethylene Pipes & Fittings Producers: “Exemption of the transactions of petrochemical raw materials from the Iranian Mercantile Exchange is no longer contemplated, given the opposition by the Government Authorities and the issue of Competition Board’s award in this connection”.
* Mr. Gorgi, Representative of Maroon Sanate Tehran Co.: ” Iranian manufacturers of petrochemical compounds will have to produce products under the prevailing prices worldwide and this calls for the tighter cooperation of the leading companies in the Iran market with the petrochemical industry insiders”.
* Petrochemical compounds transactions are these days witnessing an unprecedented attraction which are, as a matter of course, been subject of many widespread ambiguities. We recommend you the article: “Obligation to Contemplate the Plastic Market from Within”.
* ” Many a plastic-manufacturing unit in Boroujerd are on the fringe of shutdown”, warned the Managing Director, Boroujerd Industrial Estate.
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News Verified and Compiled by:
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