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Ramadan Restrictions Added To COVID-19 To Reduce The Market Size

Ramadan Restrictions Added To COVID-19 To Reduce The Market Size

Written By : Editorial
Reading time : 17 minutes

104

19

After about two months of addition of different problems – hands in hands – to collapse small and medium size companies (intentionally or unintentionally, not clear yet), now starting Ramadan since Sat. April 25th., has added to the existing problems and no-one (almost no one) is able to guess that what will remain after the Ramadan from the ruins of -at least- the small size companies and converting work shops.

Ramadan has always been the holey month of praying and glorious business period. Donations of foods and Halal drinks (Tea, Coffee and different juices) in disposables and free of charge, makes Ramadan the month of huge production of PS and EPS for cups and foam containers for handling cooked rice with different kind of Iranian stew.

This Ramadan seems a very different one due to pandemic of COVID-19. So far, the Government under the pressure of the Ayatollahs of Qom city has neglected the WHO safety measures and has allowed many small jobs open their shops and practically the safe distance between people has been neglected. From one hand the small and medium cities don’t care for the orders of regional police forces for mandatory safe distance between people and most places (even restaurants) are opened which means a broken chain of viral transfer, and in the other hand the Government is under pressure to open the holey places and grand masks and thumbs for the three very very special nights of the martyrdom of the first Shiaat Imam (Imam Ali). In theses three nights of mourning for the martyrdom of Imam Ali, huge people gather in mosques, great traditional houses famous for these nights, temporary mourning places made for these nights, universities at which hundreds of people shoulder by shoulder cry and ask the God to forgive their sins and guiltiness and all of these in practice means a huge production of PS cups an PS foam food containers, also a lot of payments to those who sing for the Martyr of the first Imam.

This year, both are in the shadow of the very special situation of the world. To make it more understandable let us draw an extra table for this article to compare the actions of the market (including base prices and US$ value for the last purchases of brokers and converters the days before Ramadan. As the following table shows, last year on April 28th. 2019 which was the first week of Ramadan (Click Here), in comparison with today’s figures, we can see these changes:

Date Span Total EPS

Offering

tons

Total EPS

Demand

tones

Total EPS

Trading Volume

tones

Base Prices

By PDID

Rials

Average Competition

Rials

2019 Ramadan 300 705 275 128.826 1.422
2020 Ramadan 475 468 370 103.472 0

As it shows even the offering has been increased by 175 tons in comparison with last year, but demands has shrunk by 237 tons and trading volumes has increased only 95 tons without any competition in purchases. This together with decrease in the base prices show that there has been no welcoming by converters for the month that is a honeymoon of disposable producers.

Such a comparison may show the total face of the industry which is moving very conservatively toward production and even brokerage.

During last week, a total number of 199 tenders organized at the petrochemical hall of IME out of which there were 184 successful trading. Table III shows the first most wanted polymers that were traded at once and in one bid with a small competition.

Back to base prices which was declared by the PDID Office of NPC, as could be seen in table I, almost all prices are downward. These prices have been determined on the basis of the US$ value of Rials 138.988 which is a little more than last week’s value (Click Here). However, and irrespective of the increased official rate of US$, due to huge materials that have not been sold yet by petrochemicals, they had to keep prices declining, although very negligible with such a hope that they can irritate domestic production. Table I shows the new base prices of polymers for this week till the evening o Sat. May 2nd.

Table I: The polymers base prices for this and last weeks

Materials Last Week’s Price (Rials)

 

19.04.2020          

This Week’s Price (Rials)

 

26.4.2020            

%

Change

Difference

(Rials)

HIPS 116.448 117.514 0.92 1.066
HDPE Extrusion (PE80) 101.288 101.987 0.69 699
HDPE Extrusion (PE 100) 107.435 108.176 0.69 741
LLDPE 97.728 98.072 0.35 344
PVC S-70 89.672 89.596 -0.08 -76
PET BG-781 93.191 93.099 -0.10 -92
PET BG-825 94.782 94.688 -0.10 -94
PET BG-785 91.433 91.342 -0.10 -91
PET BG-821 97.461 97.364 -0.10 -97
PVC E6834 89.090 88.978 -0.13 -112
PVC S-57 82.402 82.244 -0.19 -158
PVC S-60 78.656 78.505 -0.19 -151
PVC S-65 74.911 74.767 -0.19 -144
GPPS 103.793 103.452 -0.33 -341
ABS 141.114 139.730 -0.98 -1.384
HDPE – Rotation 98.178 97.180 -1.02 -998
PP Chemical 128.033 126.638 -1.09 -1.395
LDPE  Film 99.912 98.818 -1.09 -1.094
LDPE Injection 102.909 101.782 -1.10 -1.127
HDPE Injection 87.672 86.697 -1.11 -975
HDPE Film 91.466 90.446 -1.12 -1.020
PP Texture 109.411 107.889 -1.39 -1.522
HDPE Blown 91.519 88.684 -3.10 -2.835
EPS 106.780 103.357 -3.21 -3.423
SBR 1502 132.705 120.020 -9.56 -12.685

Now, having a look at the comparison table for the offering, demanding and trading volumes of last two weeks may show the situation better: Table II shows this comparisons:

Table II: Last two weeks OCTv figures

Weekly Date Supply

(tons)

Demand Volume

(tons)

Trading Volume

(tons)

April .22nd 108.228 138.760 81.929
April.15th 95.621 113.275 78.182

Once again, we can see that not only the supply or offering, but also the demands and trading volume have shrunk at a period that usually each year was the pick point for the rest of the year.

Back to the total trading during last week (Sun. April 10th till Sta. 25th, 2020)

Commodity Symbol Min. Price (Rls.) Price Sold (Rls.) Offering Volume (tons) Demanding Volume (tons) Trading Volume (tons)
PVC S60 IPC-PVCS60PP-00 88,164 88,168 4,994 5,104 4,994
PE HDPE 52518 JPC-HD52518PP-00 88,339 88,728 3,014 3,938 3,014
PE LLDPE PAM-LLD0209AAWP-00 98,355 98,722 3,014 4,598 3,014
PET BG785 PTC-PETBG785J-00 92,789 93,601 3,014 3,520 3,014
PVC S65 IPC-PVCS65PP-00 88,129 88,849 2,706 5,654 2,706

The last table, shows details of last week’s trading and ODTv figures.

Commodity Symbol Min. Price (Rls.) Sold Price (Rls.) Offering Volume (tons) Demanding Volume (tons) Trading Volume (tons)
ABS N-50 GBPC-ABS50NWP-00 157,709 162,227 120 260 120
ABS SD0150 TABC-ABSSD0150PP-00 141,114 141,114 1,200 870 810
ABS SD0150 TABC-ABSSD0150PP-00 141,114 141,114 0 300 300
ABS SD0150 TABC-ABSSD0150PP-00 141,114 141,114 0 90 90
Epoxy Resin Solid E01X75LC KZPC-ERE1X75LCG-603 339,000 339,000 70/4 17/6 17/6
Epoxy Resin Special Liquid E06 KZPC-ERE06LSPLG-603 397,000 397,000 105/6 48/4 48/4
Epoxy Resin Special Liquid E06 KZPC-ERE06LSPLG-603 397,000 397,000 0 8/8 8/8
PBR -1220 TJPC-PBR1220MP-00 121,103 121,103 1,008 315 315
PBR -1220 SHPC-PBR1220WWP-00 121,103 121,103 504 141/12 141/12
PBR -1220 SHPC-PBR1220WWP-00 121,103 121,103 0 20/16 20/16
PC KZPC-PGPC1012URZP-603 320,000 320,000 80 60 55
PC KZPC-PGPC0407URZP-603 320,000 320,000 80 50 50
PC KZPC-PGPC1215URZP-603 320,000 320,000 80 10 10
PC KZPC-PGPC1012URZP-603 320,000 320,000 0 10 10
PE HDPE ILPE-HDPE7700MP-00 105,641 105,819 220 352 220
PE HDPE LOR-HD54B04WP-00 87,672 87,672 360 360 216
PE HDPE 0035 IPC-HDHB0035PP-00 91,523 92,159 1,500 2,170 1,500
PE HDPE 5030SA TABC-HD5030SAPP-00 91,179 91,179 506 154 66
PE HDPE 5030SA TABC-HD5030SAPP-00 91,179 91,179 0 33 33
PE HDPE 52505UV JPC-HD52505UVPP-00 90,295 90,295 396 396 154
PE HDPE 52518 JPC-HD52518PP-00 88,339 88,728 3,014 3,938 3,014
PE HDPE 62N07UV LOR-HD62N07UVWP-00 90,295 90,295 1,440 1,344 816
PE HDPE 7000F MEPC-HD7000FWP-00 91,466 91,466 2,508 2,992 2,376
PE HDPE 7000F ILPE-HD7000FWP-00 91,466 91,532 1,012 1,408 1,012
PE HDPE 7000F MEPC-HD7000FWP-00 91,466 91,466 0 88 88
PE HDPE 7000F MEPC-HD7000FWP-00 91,466 91,466 0 44 44
PE HDPE BL3 KEPE-HDBL3WP-00 91,519 91,519 2,016 2,400 1,680
PE HDPE BL3 JPC-HDBL3PP-00 91,519 91,519 1,518 1,606 1,430
PE HDPE BL3 KEPE-HDBL3WP-00 91,519 91,519 0 216 216
PE HDPE BL3 MPC-HDBL3J-00 91,519 91,519 798 273 147
PE HDPE BL3 JPC-HDBL3PP-00 91,519 91,519 0 88 88
PE HDPE BL3 KEPE-HDBL3WP-00 91,519 91,519 0 24 24
PE HDPE BL3 KEPE-HDBL3WP-00 91,519 91,519 0 24 24
PE HDPE BL3 MPC-HDBL3J-00 91,519 91,519 0 21 21
PE HDPE CRP100B SHPC-HDCRP100BWP-00 110,792 110,792 0 600 600
PE HDPE CRP100B SHPC-HDCRP100BWP-00 110,792 110,792 2,000 1,600 560
PE HDPE CRP100B SHPC-HDCRP100BWP-00 110,328 110,328 0 140 140
PE HDPE CRP100N JPC-HDCRP100NPP-00 107,982 107,982 1,804 484 352
PE HDPE CRP100N JPC-HDCRP100NPP-00 107,982 107,982 0 88 88
PE HDPE CRP100N JPC-HDCRP100NPP-00 107,982 107,982 0 44 44
PE HDPE EX3 PAM-HDEX3L-00 102,872 102,872 3,600 2,340 2,180
PE HDPE EX3 PAM-HDEX3L-00 102,872 102,872 0 290 290
PE HDPE HF5110 ASPC-HDHF5110WP-00 91,466 91,466 2,508 1,936 1,254
PE HDPE HF5110 ASPC-HDHF5110WP-00 91,466 91,466 0 198 198
PE HDPE HF5110 ASPC-HDHF5110WP-00 91,466 91,466 0 88 88
PE HDPE HI0500 IPC-HDHI0500PP-00 87,674 87,970 1,000 1,480 1,000
PE LDPE KRD-LD2426F8WP-00 100,567 100,567 312 216 120
PE LDPE KRD-LD2426F8WP-00 100,567 100,567 0 24 24
PE LDPE 1922T LPC-LDEP1922TWP-00 102,909 102,909 132 66 44
PE LDPE 1922T LPC-LDEP1922TWP-00 102,909 102,909 0 22 22
PE LDPE 2100TN00 LPC-LD2100TN00WP-00 106,906 107,134 220 352 220
PE LDPE 2102TX00 LPC-LD2102TX00WP-00 99,912 99,912 2,530 880 440
PE LDPE 2420E02 KRD-LD2420E02WP-00 99,912 99,912 1,008 1,176 912
PE LDPE 2420E02 KRD-LD2420E02WP-00 99,912 99,912 0 72 72
PE LDPE 2420E02 KRD-LD2420E02WP-00 99,912 99,912 0 24 24
PE LDPE 2420H PAM-LD2420HPP-00 100,055 100,283 814 1,386 814
PE LDPE 2420H PAM-LD2420HJ-00 99,912 99,912 40 20 20
PE LDPE LF0190 ASPC-LDLF0190WP-00 99,912 99,912 1,738 1,782 1,386
PE LDPE LF0190 ASPC-LDLF0190WP-00 99,912 99,912 0 88 88
PE LDPE LF0190 ASPC-LDLF0190WP-00 99,912 99,912 0 88 88
PE LDPE LF0200 IPC-LDLF0200PP-00 99,912 99,945 1,000 1,740 1,000
PE LDPE LH0075 IPC-LDLH0075PP-00 104,939 105,787 1,000 2,640 1,000
PE LLDPE PAM-LLD0209AAWP-00 98,355 98,722 3,014 4,598 3,014
PE LLDPE SHPC-LLD0209AAWP-00 97,728 97,728 2,000 1,720 1,380
PE LLDPE PAM-LLD0209AAJ-00 97,728 97,728 3,000 860 510
PE LLDPE SHPC-LLD0209AAWP-00 97,728 97,728 0 200 200
PE LLDPE JPC-LLD235F6PP-00 100,351 100,351 1,012 88 66
PE LLDPE SHPC-LLD0209AAWP-00 97,728 97,728 0 60 60
PE LLDPE MAPE-LLD22B02PJ-00 94,796 94,796 2,000 120 40
PE LLDPE PAM-LLD0209AAJ-00 97,728 97,728 0 40 40
PE LLDPE MAPE-LLD22B01KJP-00 98,384 98,384 960 120 24
PE LLDPE JPC-LLD235F6PP-00 100,351 100,351 0 22 22
PE LLDPE MAPE-LLD22B02PJ-00 94,796 94,796 0 20 20
PE LLDPE 0209AA SHPC-LLD0209AAPJ-00 94,796 94,796 80 20 20
PE LLDPE 209AA TABC-LLD0209AAPP-00 97,728 97,728 506 297 143
PE LLDPE 209KJ TABC-LLD0209KJPP-00 98,384 98,384 506 165 165
PE LMDPE 3840UA TABC-MD3840UAPP-00 98,178 98,178 1,199 605 473
PE LMDPE 3840UA TABC-MD3840UAPP-00 98,178 98,178 0 22 22
PE LMDPE 3840UA TABC-MD3840UAPP-00 98,178 98,178 0 11 11
PET BG731 PTC-PETBG731J-00 94,094 94,690 88 242 88
PET BG781 PTC-PETBG781J-00 100,269 102,150 1,012 2,398 1,012
PET BG785 PTC-PETBG785J-00 92,789 93,601 3,014 3,520 3,014
PET Super Bright TG645 PTC-PETTGSUB645J-089 97,117 97,117 880 110 110
PET TEXTILE GRADE641 PTC-PETTG641J-00 96,331 96,331 1,320 286 286
PET TG641 MOD PTC-PETTG641MODJ-089 96,593 96,593 660 110 110
PET TG645 PTC-PETTG645J-00 94,497 94,497 3,520 330 330
PET-BG-821 PTC-PETBG821J-00 111,999 117,113 1,100 2,310 1,100
PP NZCH-PPZB548RP-00 157,999 160,091 286 660 286
PP NZCH-PPZB440LP-00 136,869 139,687 154 242 154
PP JPPC-PPHP500JWP-00 109,411 109,411 144 144 144
PP NZCH-PPZRCT230CJ-00 134,691 134,918 126 147 126
PP NZCH-PPZB445LJ-00 136,163 136,163 105 126 105
PP NZCH-PPZB440LJ-00 128,033 128,033 105 63 63
PP NZCH-PPZB440LJ-00 128,033 128,033 0 42 42
PP SHPC-PPARP512AWP-00 111,690 112,345 40 60 40
PP – ZH510L NZCH-PPZH510LJ-00 111,529 115,447 504 1,344 504
PP – ZH525J NZCH-PPZH525JJ-00 114,798 114,798 1,008 1,008 1,008
PP – ZH550J NZCH-PPZH550JJ-00 111,589 113,153 504 924 504
PP EP440G JPPC-PPEP440GWP-00 128,033 128,033 0 198 198
PP EP440G JPPC-PPEP440GWP-00 128,033 128,033 330 176 132
PP EP440L JPPC-PPEP440LWP-00 150,475 151,130 220 880 220
PP EP548R JPPC-PPEP548RWP-00 172,456 175,208 220 1,518 220
PP EPC40R SHPC-PPEPC40RWP-00 155,890 157,297 500 1,580 500
PP EPC40R SHPC-PPEPC40RPJ-00 124,192 124,192 100 100 80
PP EPC40R SHPC-PPEPC40RPJ-00 124,192 124,192 0 20 20
PP EPX3130UV JPPC-PPEPX3130UVWP-00 177,698 177,698 110 242 110
PP Ext. C30S JPPC-PPC30SWP-00 119,620 120,899 240 1,008 240
PP Ext.C30S MPC-PPC30SPP-00 121,559 122,305 1,100 2,882 1,100
PP HP510L JPPC-PPHP510LWP-00 119,739 120,796 1,440 3,120 1,440
PP HP510L SHPC-PPHP510LWP-00 124,119 125,136 200 960 200
PP HP525J JPPC-PPHP525JWP-00 114,798 114,798 792 792 792
PP HP550J JPPC-PPHP550JWP-00 110,319 111,285 1,200 1,440 1,200
PP HP552R JPPC-PPHP552RWP-00 122,966 123,687 1,200 3,024 1,200
PP HP552R MPC-PPHP552RPP-00 122,400 123,981 660 1,672 660
PP HP565S SHPC-PPHP565SWP-00 130,130 130,581 1,200 1,940 1,200
PP MR230C MPC-PPMR230CPP-00 148,009 149,233 550 1,694 550
PP N PNCO-PPPNR230CP-00 128,799 129,336 60 120 60
PP PYI250 PNCO-PPPYI250WP-00 109,411 115,123 540 900 540
PP Raffia RJCO-PPRG1102XKRJ-00 122,366 123,672 304/5 978/75 304/5
PP Raffia RJCO-PPRG3212ERJ-00 140,939 141,787 217/5 500/25 217/5
PP Raffia RJCO-PPRG1102XLRJ-00 120,899 121,486 239/25 870 239/25
PP Raffia RJCO-PPRG1104KRJ-00 114,798 114,798 369/75 739/5 369/75
PP Raffia RJCO-PPRG3420LRJ-00 165,801 165,801 195/75 282/75 195/75
PP Raffia RJCO-PPRG1101SRJ-00 117,000 118,759 108/75 326/25 108/75
PP RP340R JPPC-PPRP340RWP-00 141,980 144,194 110 462 110
PP RPX345S JPPC-PPRPX345SWP-00 140,149 140,987 330 550 330
PP SF060 PNCO-PPSF060WP-00 119,999 122,632 600 1,600 600
PP Z30G MPC-PPZ30GPP-00 118,789 119,784 770 1,188 770
PP Z30S MPC-PPZ30SPP-00 124,529 125,274 770 1,804 770
PP ZB332C NZCH-PPZB332CJ-00 138,000 141,062 252 756 252
PP ZH515MA NZCH-PPZH515MAJ-00 124,299 125,597 168 315 168
PP ZR230C NZCH-PPZR230CJ-00 146,219 146,791 420 1,218 420
PP ZR340R NZCH-PPZR340RJ-00 139,779 140,562 210 420 210
PP-552R NZCH-PPZH552RJ-00 118,999 120,393 672 1,596 672
PS- E500C TABC-PSE500CJ-00 72,468 72,468 125 125 125
PS EPS TABC-PSE100J-00 101,383 101,383 55 10 10
PS EPS R200 ENPC-PSSER200J-089 101,383 101,383 0 30 30
PS EPS R200 ENPC-PSSER200J-089 101,383 101,383 100 30 20
PS EPS R200 ENPC-PSSER200J-089 101,383 101,383 0 10 10
PS EPS R310 ENPC-PSSER310J-089 101,383 101,383 0 70 70
PS EPS R310 ENPC-PSSER310J-089 101,383 101,383 100 10 10
PS EPS SE1000 BAN-PSESE1000J-00 111,789 111,789 110 154 110
PS EPS SE2000 BAN-PSESE2000J-00 107,689 107,689 110 154 110
PS GPPS PTJP-PSGPPSG1551PPP-00 96,301 96,301 382/5 427/5 315
PS GPPS APK-PSGPPS1309L-00 98,371 98,371 250 125 125
PS GPPS PTJP-PSGPPSG1161PPP-00 96,301 96,301 78/75 45 45
PS GPPS PPMZ-PSGPPS1115PP-00 103,549 103,549 44 44 44
PS GPPS PTJP-PSGPPSG1551PPP-00 96,301 96,301 0 67/5 67/5
PS GPPS PTJP-PSGPPSG1461PPP-00 96,301 96,301 90 22/5 22/5
PS GPPS 1540 TABC-PSGPPS1540PP-00 97,319 97,834 1,507 1,837 1,507
PS GPPS MP08 MPG-PSGPMP08L-00 100,442 100,442 400 200 200
PS GPPS MP08 MPG-PSGPMP08L-00 100,442 100,442 0 15 15
PS HIPS PPMZ-PSHIPS6045PP-00 116,048 116,048 352 165 165
PS HIPS PPMZ-PSHIPS6045PP-00 116,048 116,048 0 44 44
PS HIPS PPMZ-PSHIPS6045PP-00 116,048 116,048 0 22 22
PS HIPS PPMZ-PSHIPS6045PP-00 116,048 116,048 0 22 22
PS HIPS PPMZ-PSHIPS6045PP-00 116,048 116,048 0 22 22
PS HIPS 7240 TABC-PSHIPS7240PP-00 116,048 116,048 1,507 1,133 1,045
PS HIPS 7240 TABC-PSHIPS7240PP-00 116,048 116,048 0 462 462
PS Self Retarding F100 ENPC-PSSEF100J-089 103,679 103,679 200 100 100
PS Self Retarding F100 ENPC-PSSEF100J-089 103,679 103,679 0 100 100
PS Self Retarding F200 ENPC-PSSEF200J-089 103,679 103,679 50 40 40
PS Self Retarding F200 ENPC-PSSEF200J-089 103,679 103,679 0 10 10
PS-400C TABC-PSE400CJ-00 99,749 100,408 105 165 105
PSE200 TABC-PSE200J-00 106,780 106,780 205 185 165
PSE200 TABC-PSE200J-00 106,780 106,780 0 25 25
PS-E300C TABC-PSE300J-00 106,780 106,780 205 135 135
PS-E300C TABC-PSE300J-00 106,780 106,780 0 5 5
PS-E300C TABC-PSE300J-00 106,780 106,780 0 5 5
 PVC IPC-PVCS60PP-00 88,164 88,168 4,994 5,104 4,994
PVC ARCO-PVCE6644P-00 99,555 102,571 264 418 264
PVC ARCO-PVCE6644P-00 102,571 102,571 66 66 66
PVC  E6832 ARCO-PVCE6834PP-00 109,892 109,892 0 22 22
PVC E6832 ARCO-PVCE6834PP-00 108,119 109,892 264 726 264
PVC E6832 ARCO-PVCE6834PP-00 109,892 109,892 66 44 44
PVC S65 IPC-PVCS65PP-00 88,129 88,849 2,706 5,654 2,706
PVC S65 ARCO-PVCS65PP-00 95,889 96,677 2,002 6,446 2,002
PVC S65 GPC-PVCS65J-00 92,229 93,612 2,000 4,520 2,000
PVC S65 ARCO-PVCS65J-00 89,789 91,836 2,000 4,140 2,000
PVC S65 ARCO-PVCS65PP-00 98,889 99,401 990 3,234 990
SBR IPC-LSBR1502RWP-00 132,705 132,705 1,008 685/44 685/44
SBR IPC-LSBR1502RWP-00 132,705 132,705 0 40/32 40/32
SBR IPC-LSBR1502RWP-00 132,705 132,705 0 40/32 40/32
SBR 1712 TJPC-DSBR1712MP-00 121,513 121,513 1,008 42 42

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