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Iranian Market For Polymers Is Experiencing Good Days Now

Recession Could Be Expected in Iran Polymer Market Due to Base Price Increase

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Home News Economical News

Recession Could Be Expected in Iran Polymer Market Due to Base Price Increase

by Editorial
February 17, 2019
in Economical News, Iran, Market Analysis, Materials, News, ODV Index
0
Iranian Market For Polymers Is Experiencing Good Days Now

Recession Could Be Expected in Iran Polymer Market Due to Base Price IncreaseAfter two weeks, today, Sunday, Feb. 17th. 2019, the PDID office of NCP announced the new base prices for polymer and chemical materials.

According to the Plastic Industry Magazine website (PIME) after wondering change of the method for the evaluation of the US$ price in the market, the market for last couple of days remained almost static due to the ambiguity in determining the US$ value for this week.

If the PDID office was to operate according to its last weeks trend of US$ evaluation the prices should have been risen by 16%, however they decided to account for only 4.8% increase in US$ value for the calculation of the base prices, and so, the official price of the US$ reached to Rls. 86,915. Of course this was not the only indicator for the increasing of the prices of all polymers. In fact, the PDID also considered the global prices and as a result the polymers base prices increased totally and for some commodities even more than 4.8% (compare with two weeks ago).
Highest price increases:
The PET bottle group was up by 7% base price over the past two weeks. This led to the Rls. 7,800 increase in the base price of PET that could be a motivation for market manipulators. Normally and due to higher demands for next two seasons (spring and summer) it is common for speculators to start purchasing and storing for selling it in higher price. This means that PET should be an attractive material for this week in competitions.
The EPS group was the second material group which recorded a higher price increase by 6.9%. Its base price announced for Rs. 101,559 for grades 200 and 300 and Rls. 98,630 for EPS 400. A high competition on purchasing these material is not expected yet.

The third highest-growth in price commodity was the extrusion grade of PE 80, which experienced 6.2% increase in its last announced base price. This commodity is priced Rls. 85,967.

Obviously due to last week’s holidays for the 40th anniversary of the Islamic revolution, the number of deals has fallen about 30% in the number of purchasing bids.

The following table shows the total trade volume for last week (Feb.10-15th) at the IME hall in 156 times of deals. All prices are in Iranian Rials.

Commodity Symbol Min. Price (Rls.) Sold Price (Rls.) Offering Volume (Tons) Demand Volume (Tons) Trade Volume (Tons)
ABS TABC-ABSSV0157W2901PP-00 118,217 118,217 250 50 50
EPS ENPC-PSEPSOSJ-031 50 0 0
EPS ENPC-PSEPSFJ-031 100 0 0
EPS E300C TABC-PSE300J-00 137,129 138,696 100 240 100
EPS R310 ENPC-PSSER310J-00 136,389 137,101 25 130 25
EPS SE1000 BAN-PSESE1000J-00 98,680 98,680 110 22 22
EPS SE2000 BAN-PSESE2000J-00 110 0 0
EPS SE3000 BAN-PSSE4000J-00 176 0 0
EPS SE3000 BAN-PSSE3000J-00 110 0 0
GPPS TABC-PSGPPS1540NP-00 95,391 95,391 803 198 187
GPPS TABC-PSGPPS1540NP-00 95,391 95,391 0 88 88
GPPS TABC-PSGPPSFG1460J-00 96,322 96,322 35 35 35
GPS G1551 PTJP-PSGPPSG1551PP-00 400 0 0
GPS MP08 MPG-PSGPMP08L-00 50 0 0
HDPE LOR-HD52B18P-00 504 0 0
HDPE LOR-HD52B18WP-00 1,008 24 0
HDPE 0035 IPC-HDHB0035J-00 93,796 98,599 270 1,080 270
HDPE 52518 JPC-HD52518PP-00 74,470 74,470 1,782 1,782 1,738
HDPE 62N07UV LOR-HD62N07UVWP-00 74,470 74,470 0 120 120
HDPE 62N07UV LOR-HD62N07UVWP-00 74,470 74,470 0 24 24
HDPE 62N07UV LOR-HD62N07UVWP-00 74,470 74,470 0 48 48
HDPE 62N07UV LOR-HD62N07UVWP-00 74,470 74,470 2,400 240 192
HDPE 7000F MEPC-HD7000FWP-00 79,731 79,731 0 88 88
HDPE 7000F MEPC-HD7000FWP-00 79,731 79,731 0 385 385
HDPE 7000F MEPC-HD7000FWP-00 79,731 79,731 2,508 1,397 1,309
HDPE BL3 KEPE-HDBL3WP-00 79,900 80,238 2,016 2,568 2,016
HDPE BL3 MPC-HDBL3L-00 80,789 81,616 506 836 506
HDPE CRP100B SHPC-HDCRP100BWP-00 114,444 116,066 1,000 1,800 1,000
HDPE CRP100N JPC-HDCRP100NPP-00 85,826 85,826 3,586 3,564 3,476
HDPE CRP100N MPC-HDCRP100NL-00 86,159 86,596 308 440 308
HDPE EX3 PAM-HDEX3L-00 83,755 83,755 0 40 40
HDPE EX3 PAM-HDEX3L-00 83,755 83,755 1,570 1,570 1,530
HDPE EX5 MPC-HDEX5L-00 79,731 79,731 308 242 242
HDPE EX5 MPC-HDEX5L-00 79,731 79,731 0 44 44
HDPE HF5110 ASPC-HDHF5110WP-00 79,731 79,731 1,012 704 704
HDPE HF5110 ASPC-HDHF5110WP-00 79,731 79,731 0 154 154
HDPE HI0500 IPC-HDHI0500PP-00 74,470 74,470 0 50 50
HDPE HI0500 IPC-HDHI0500PP-00 74,470 74,470 3,000 620 580
HDPE HI0500 IPC-HDHI0500PP-00 74,470 74,470 0 130 130
HIPS TABC-PSHIPS7240NP-00 102,262 102,262 0 44 44
HIPS TABC-PSHIPS7240NP-00 102,262 102,262 1,001 957 957
HIPS 4512 MBIG- PSHIPS4512L-00 50 0 0
LDPE 1922T ASPC-LDEP1922TWP-00 66 22 0
LDPE 1922T LPC-LDEP1922TWP-00 78,382 78,382 0 22 22
LDPE 1922T LPC-LDEP1922TWP-00 78,382 78,382 220 44 44
LDPE 2100TN00 LPC-LD2100TN00WP-00 80,710 80,710 220 264 220
LDPE 2102TX00 LPC-LD2102TX00WP-00 77,606 77,606 1,672 990 880
LDPE 2102TX00 LPC-LD2102TX00WP-00 77,606 77,606 0 484 484
LDPE 2102TX00 LPC-LD2102TX00WP-00 77,606 77,606 0 308 308
LDPE 2420E02 KRD-LD2420E02WP-00 77,606 77,606 1,200 528 336
LDPE 2420E02 KRD-LD2420E02WP-00 77,606 77,606 0 336 336
LDPE 2420E02 KRD-LD2420E02WP-00 77,606 77,606 0 48 48
LDPE 2420E02 KRD-LD2420E02WP-00 77,606 77,606 0 168 168
LDPE 2420F8 KRD-LD2420F8WP-00 77,606 77,606 0 24 24
LDPE LF0190 ASPC-LDLF0190WP-00 77,700 77,865 1,320 1,452 1,320
LDPE LF0200 IPC-LDLF0200PP-00 78,179 78,790 1,000 1,290 1,000
LDPE LH0075 IPC-LDLH0075PP-00 82,106 82,440 1,000 1,750 1,000
LLDPE SHPC-LLD0209AAWP-00 76,462 76,462 0 320 320
LLDPE SHPC-LLD0209AAWP-00 76,462 76,462 0 60 60
LLDPE SHPC-LLD0209AAWP-00 76,462 76,462 800 360 320
LLDPE PAM-LLD0209AAWP-00 76,462 76,462 3,542 3,542 3,542
LLDPE 22B02 MAPE-LLD22B02WP-00 76,462 76,462 1,200 264 192
LLDPE 22B02 MAPE-LLD22B02WP-00 76,462 76,462 0 48 48
LLDPE 22B02 MAPE-LLD22B02WP-00 76,462 76,462 0 24 24
LLDPE 22B03 MAPE-LLD22B03WP-00 76,462 76,462 1,200 24 24
LMDPE 3840UA TABC-MD3840UAPP-00 79,629 80,103 800 1,020 800
PBR 1220 TJPC-PBR1220MP-00 114,402 114,402 294 84 84
PBR 1220 SHPC-PBR1220WWP-00 114,402 114,402 504 504 504
PC KZPC-PGPC0407ZP-00 50 0 0
PC 0710 KZPC-PGPC0710ZP-603 230,000 230,000 1,000 225 225
PET – ZH510L NZCH-PPZH510LJ-00 86,555 86,617 210 504 210
PET – ZH550J NZCH-PPZH550JJ-00 86,555 88,435 210 567 210
PET BG781 PTC-PETBG781J-00 117,456 120,004 2,508 3,047 2,508
PET BG825 PTC-PETBG825J-00 117,951 117,951 88 44 44
PET C30G MPC-PPC30GL-00 89,820 91,102 462 924 462
PET EP2X83CE SHPC-PPEP2X83CEPJ-00 90,744 90,744 0 10 10
PET EP2X83CE SHPC-PPEP2X83CEPJ-00 90,744 90,744 50 20 20
PET EP2X83CE SHPC-PPEP2X83CEPJ-00 90,744 90,744 0 20 20
PET EP440G JPPC-PPEP440GWP-00 93,551 93,551 308 308 286
PET EP440G JPPC-PPEP440GWP-00 93,551 93,551 0 22 22
PET EP548R JPPC-PPEP548RWP-00 158,989 159,467 88 528 88
PET EPX3130UV JPPC-PPEPX3130UVWP-00 100,265 100,265 0 44 44
PET EPX3130UV JPPC-PPEPX3130UVWP-00 100,265 100,265 220 132 132
PET F30S MPC-PPF30SL-00 84,000 84,582 88 154 88
PET HP510L JPPC-PPHP510LWP-00 83,829 84,581 2,016 2,400 2,016
PET HP525J JPPC-PPHP525JWP-00 85,160 89,573 2,508 3,014 2,508
PET HP552R MPC-PPHP552RL-00 86,179 86,674 990 1,496 990
PET MR332C MPC-PPMR230CL-00 113,888 115,414 374 616 374
PET RG1102XK RJCO-PPRG1102XKJ-00 86,277 86,609 315 693 315
PET RG1102XL RJCO-PPRG1102XLJ-00 86,489 86,739 420 1,029 420
PET SF060 PNCO-PPSF060J-00 83,777 84,229 924 1,029 924
PET Super Bright TG645 PTC-PETTGSUB645J-00 101,899 102,366 814 1,584 814
PET Super Bright TG645 PTC-PETTGSUB645J-00 99,309 99,309 297 297 297
PET TEXTILE GRADE641 PTC-PETTG641J-00 106,956 106,956 297 297 297
PET TG645 PTC-PETTG645J-00 97,699 98,317 2,002 2,409 2,002
PET TG645 PTC-PETTG645J-00 105,940 105,940 297 297 297
PET Z30G MPC-PPZ30GL-00 83,333 83,626 418 484 418
PET Z30S MPC-PPZ30SL-00 85,220 85,730 440 550 440
PET ZB332C NZCH-PPZB332CJ-00 95,229 95,906 147 168 147
PET ZH515MA NZCH-PPZH515MAJ-00 88,889 89,776 126 147 126
PET ZR230C NZCH-PPZR230CJ-00 112,019 114,303 126 210 126
PET-552R NZCH-PPZH552RJ-00 84,488 86,319 546 777 546
PET-BG-821 PTC-PETBG821J-00 120,109 122,596 1,914 2,530 1,914
PP NZCH-PPZB548RJ-00 145,329 147,753 210 441 210
PP NZCH-PPZB445LJ-00 98,282 98,282 105 105 105
PP Ext.  C30S MPC-PPC30SL-00 82,765 82,959 660 792 660
PP ZR340R NZCH-PPZR340RJ-00 137,001 139,019 210 441 210
PS 400C TABC-PSE400CJ-00 92,275 92,275 60 70 60
PS SELF RETARDING F100 ENPC-PSSEF100J-00 132,289 132,289 25 90 25
PS SELF RETARDING F200 ENPC-PSSEF200J-079 95,016 95,016 150 30 30
PS SELF RETARDING F300 ENPC-PSSEF300J-079 95,016 95,016 100 15 15
PSE 200 TABC-PSE200J-00 135,169 135,991 100 270 100
PVC E6832 ARCO-PVCE6834PP-00 66,943 66,943 704 66 66
PVC E6832 ARCO-PVCE6834PP-00 66,943 66,943 0 66 66
PVC E6832 ARCO-PVCE6834PP-00 66,943 66,943 352 132 132
PVC Emul. ARCO-PVCE6644P-00 67,805 67,805 0 66 66
PVC Emul. ARCO-PVCE6644P-00 67,805 67,805 484 88 88
PVC Emul. ARCO-PVCE7044P-00 704 0 0
PVC S60 IPC-PVCS60PP-00 68,931 68,931 0 132 132
PVC S60 IPC-PVCS60PP-00 68,931 68,931 0 66 66
PVC S60 IPC-PVCS60PP-00 68,931 68,931 3,014 165 165
PVC S65 ARCO-PVCS65J-00 63,006 63,006 0 140 140
PVC S65 ARCO-PVCS65J-00 63,006 63,006 0 550 550
PVC S65 IPC-PVCS65PP-00 64,955 65,018 1,496 1,826 1,496
PVC S65 GPC-PVCS65J-00 64,955 64,955 860 900 860
PVC S65 ARCO-PVCS65J-00 63,006 63,006 3,000 2,520 1,220
PVC S65 ARCO-PVCS65PP-00 64,955 64,955 3,036 3,608 3,036
RAPHIA PET RP270G SHPC-PPRP270GPP-00 93,559 93,583 1,000 1,480 1,000
SBR 1502 IPC-LSBR1502WP-00 117,171 117,171 500/5 1,541/54 500/5
SOLID EPOXY RESIN SOLUTION IN MIXED XYLENE E1-75 KZPC-ERE1X75SSG-603 220,000 220,000 211/2 8/8 8/8
SPECIAL LIQUID EPOXY RESIN E06 KZPC-ERE06LSPLG-603 260,000 260,000 211/2 17/6 17/6
SPECIAL LIQUID EPOXY RESIN E06 KZPC-ERE06LSPLG-603 260,000 260,000 0 13/2 13/2
SPECIAL LIQUID EPOXY RESIN E06 KZPC-ERE06LSPLG-603 260,000 260,000 0 4/4 4/4

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