On Sunday 3rd, 2017, the “Petrochemical Downstream Industries Development Office” (PDID) announced the new prices for the base prices of the allocated polymers for licensed converting companies. The prices have been determined on the basis of an assumed US$ exchange price (something between official CBI and the free market dealing prices) for the week to September 10th, 2017.
Prices for polymer products were announced by PDID, at the situation that all material groups had already been faced with increase rates during last couple of weeks!
Meanwhile, the highest increase was observed for the EPS group with an increase of 5.452 Rials and more than 10 percent.
Other commodities such as SBR, GPS and extrusion and pipes grades of HDPE, each have experienced a rise of 2.189., 2001 and 898 Rials respectively, and placed at the category of the grades with the highest rise in prices.
The slightest increase is related to PVC grade, which has risen only by 163 rials. The PET bottle grade was also among those materials with lower-rate grades, which experienced a rise of 285 Rials.
US$ Rate for the base price definition: The US$ exchange rate has been assumed based on the discovery rate of 38,576 Rials, with an increase of 291 Rials compared to the previous last week’s rate (38,285 Rials), which is equal to 8%. This rise in US dollar for price definition has exacerbated the effects of rising global rates over the polymer prices at the Iranian markets.
Prices determined for week to go till Sept. 10th 2017 are shown in the table below, and the next table will show today’s latest prices at the free markets:
