While the rise in the official US$ value (but at the free rate known as NIMA Currency, which is lower than the real price of the Iran FOREX market) has had no effect on price increases, and whereas both trade volumes of purchases from stock exchanges and the amount of competition has dropped, but PVC materials group has inflamed the polymer market in Iran.
For example, the grade 57 of Abadan Petrochemical PVC has been traded at 46% competition rate higher than the base official rate. Meanwhile, over the course of three consecutive weeks, the competition was between 29% and 39%. That’s why the highest price of this item in the bulk was about Rials 120,000. At the same time, the price of these materials in the free market (black market) reached to more than Rials 13,000.
After the Abadan grade 57, the Arvand Petrochemicals, due to credit sales, could compete with 7% higher rate materials packed over pallets. This petrochemical unit refused to distribute its materials in Jumbo bags this week. During the past week, the supply of Arvand Petrochemicals in Jumbo bags, which is always 3% cheaper than its pallet packing, was purchased 14% more in competition.
In this way, it appears that the price of PVC materials that are packed in jumbo bags by other petrochemicals should be cheaper than the pallet packaging.
Yesterday, on the market, the E6834 grade grew by 13%. Considering the fact that the use of this type of PVC in the synthetic leather industry for exporting markets, so, the attractiveness of purchasing this grade in the market is high. Furthermore, the Ghadir Petrochemical Complex PVC was purchased at 5% of competition and Banadar Imam advance deals of PVC sold with 3% competition.
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