Polymer Trade Market in Iran Changed Significantly and Fair

Last week the earthquake event affected the markets at the end of the week. Just in one night the needs to film grade polymers increased and its effect on the prices is expected to be seen by this week. The summary of last week’s trades and the ODTv index of PIMI is as follow:

According to the PIMI website expert’s on the Iranian stock exchange, during the week ending 18th November, the volume of supply of polymer materials has not changed significantly in comparison with its former week and has experienced an increase of 137 tons only. The volume of supplies was fairly good, but for some groups such as PET bottles, this volume could have been larger.
In the week that followed, the total trade volume experienced an increase of 3.112 tonnes compared to the week before, while last week the volume of sales fell by more than 11,000 tonnes, which is still falling for these two weeks. Approximately 8,000 tonnes in the stock exchange for 2 consecutive weeks.
At the same time, demand grew by more than 6,000 tons, while last week the volume of demand dropped to 27,000; in total, demand in the past two weeks has dropped to nearly 21,000 tons. The main reason for this decline in demand can be to free the ceiling of the rate of various types of polypropylene materials, as well as to reduce the purchasing power of this group in the last week of the Iranian month.
Altogether, nearly 83 percent of the products offered to the market were purchased by applicants and at the same time, 78 percent of all supplies were purchased last week. In the meantime, 29 grades of the offered 76 grades were sold at a competitive price, with price competitions ranging from 1 to 13 percent.

The following table shows all materials which are categorized under the “polymer” title at the “IME” website and data banks during  11-18 November 2017.