Polymer Demand Hikes in Iran as Supply Plunges
In the final week of the Iranian month of Khordad (which will end June 20), demand for polymers hiked at Iran Mercantile Exchange (IME) while supply went down.
The market in general went down in supply by 10 percent, something experts attribute to the tax exemption given to some codes specified for some industrial zones.
In general, some 68 percent of goods offered at the market were traded, whereas the number had stood at 56 percent the preceding week, when 26 out of 82 grades were sold at competitive prices.
Recently the number of petrochemical companies not receiving taxes from free zone and special economic zone codes increased, contributing to the rising amount of transactions.
Statistics showed that this week supply fell by 6,986 tons since a week earlier. It seems that the supply of many grades has to go up in order for us to see some balance in the market.
That need is more intensely felt about the PVC group, where demand rose this week by 39,614 tons since the previous week.
The volume of trade here rose by 10 percent over one week, meaning 4.187 tons.
The most attractive grades in the market were PVC, Bandar Imam’s 0075 light polyethylene film, and polyethylene terephthalate during the one week.
The least attractive of commodities in the meantime were styrene butadiene rubber, various kinds of fabrics polypropylene, and grades of injected heavy polyethylene.
The special event of the market was the re-offering of Aryasasol’sLP0470KJ light polyethylene film on Tuesday, which was entirely traded at the petrochemical ring of the market.
