EPS Price Increasing And PET Bottle Grade Plus A Relative Market Stability

Today, Sunday, July 22nd, 1398, the Office for the Development of Downstream Industries (PDID) announced the base prices of polymer and other chemical materials. Given the relative stability in global markets and the low growth of about 0.23 percent in official US$ value, as two major factors in the pricing of polymer and chemical products, it was expected that prices would not change much and after several weeks the market in Iran, moving on the global trend, and in the incremental direction, will experience some stability, which was the same.
According to the PIMI analysts, this week, with the exception of a few polymers, most of the polymeric materials, which were either faced with rising prices, or those who faced lower base rates, did not register much difference. Simply put, with a few exceptions, this week, the price change of base prices for polymer materials was negligible, in a way that could be underscored by the relative stability at the basic prices of polymer materials. By contrast, this week, unlike weeks ago, the number of goods faced with lower base prices were higher than the number of items that were priced at higher prices. So, it can be said that the relatively the market was stable, which often tended to lower prices.
We will continue to review the base prices and their changes.
Market incremental strain:
1- EPS with 2.67% increase recorded a new rice of Rls. 136.760;
2- Extrusion grade of HDPE (PE 80) with negligible 0.42% set at the 2nd row
3- Other polymers like PVC suspension and PP faced with only 0.23%

Market downturn:
This week, in the market downturn, the number of polymers with decreased base prices was almost twice of those with increased prices. With the exception of the various bottle grades of PET, the price drop of most polymers was very low.
1- Different bottle grades of PET had the highest decreasing prices from 2.41-2.45%
2- PE 100 extrusion type of polyethylene with a 0.9% drop in the base price was the second lowest in the second place compared to last week, reaching to Rls. 115.118/Kg.
3- The third drop in commodity prices today was the GPPS 1540 polystyrene, which was about 0.7 percent lower than last week’s price decline.

The following table shows the free market values at the polymer market of Iran on Sat. July 21st, 2019

The following table shows the deals in IME market for the week between July 14th-21st, 2019