After two weeks of miss-placing data files to the new website, now and once again we resume our Sunday analysis about the market analysis of Polymers and trade volumes in Iran.

Today, the PDID Office of NPC announced the new base prices of polymer and petrochemical materials. These prices were accompanied by a huge surprise for the downstream industry. The likelihood of this surprise was taken to break the crackdown on the polymer market’s recession
According to the PIM, while everyone was waiting for a US$ cheaper value (Rls. 109,382) the PDID office set it at 109,742 Rials. A value more than yesterday and today in the “NIMA” official FOREX system for Iran. This value was contrary to the mandate of the specialized committee. The choice of a more expensive value for US$ caused also the increase of the US$ value in the FOREX market and raised it by Rls. 1.460. Then, the same rise in the $ caused the polymer market in Iran, unlike the global markets of polymers, which were sluggish everywhere, this was not the case, and some commodities declined and others rose in price.
This form of calculation by PDID office has led to the collapse of all market forecasts and stock traders in Iran. It’s likely that this kind of dollar-denominated bidding would reduce the recession that would have caused the dollar to drop in the coming weeks among the activists. The hopes of lowering the price of the dollar and consequently the price of polymer materials had caused buyers to reverse their purchases by arguing that shipments could be cheaper to the warehouse by next week. This led to a lower trade volume during last week which was the lowest level within last 15 months.
If the cause of the recession is only the hope of lowering the price of the materials, this action of the PDID office will cause traders to buy more this week, and if the recession is in the purchasing because of the consumer demand problem, we will see that there will not be any decent volume trades. At least a percentage of the market problem is the lack of effective demand on the consumer and end-user side, and this is as much as it would affect the volume of purchases on the stock exchange. It is very unlikely that the Iranian stock exchange and IME hall would encounter the brilliant demands of early 2018.
With this introduction, we have taken a fairly look at prices of most polymeric materials for this week.
Incremental side:
The highest price increase was naturally attributed to the emulsion PVC group. Because this group contained only polymer materials that, faced with rising prices on global markets, also affected by rising in an average of 2.5% in domestic US$ value. These two factors resulted in an average 4.1% increase in the emulsion PVC group in comparison with its last week’s base price. Something not expecting for the converters but too much sweet for manipulators.
SBR 1220 with 1.3% increase, stood in the 2nd place of higher increases.
The third place belonged to several commodities, including HDPE PE80, EPS 200, 300 ad 400 grades which faced with an increase of 1.1%. Other materials like LDPE and HDPE film grade experienced 0.3% increase and some others like textile grade of PET (TG 641) and HIPS 7240 increased slightly by 01.%.
Market downturn:
In the downturn side, the bottle grade of PET enjoyed 1.9% in comparison with last week. This drop was resulted in decreasing the prices of different grades of this material between Rls. 2,640 and 2,700.
Materials like HDPE extrusion type, HDPE injection grade and HDPE rotational grades went further down in prices.
However, no matter has changed how much the main problem in Iranian market is always related to brokers.

The following table shows the total trade volume and ODTv indexes for the week started from Sun. 9th-16th June 2016. This is temporary for this week and from the next week the tables will return to the conventional method of this website.