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Significant Increase In Polymer Prices Under Influence of Official Value of US$

Significant Increase In Polymer Prices Under Influence of Official Value of US$

Written By : Editorial
Reading time : 12 minutes

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On Sun. 22nd of Dec. 2019, new base prices of polymers were announced for one week till Sat. Dec. 29th. Today’s dollar exchange rate was 112.582 Rials, which is 1.85% higher than the previous week for 2.048 Rials. The nearly two-percent rise in the NIMA US$ value, along with the generally rising prices of polymers on the world market, led to the sixth week that the benchmark polymers relative base prices be incremental, with no commodity price drop.

Now considering the following tables, we can conclude that, in overall, the rise in prices by about two percent for the US$ meant that prices were virtually all up and in some groups we saw a price jump. In the meantime, some commodity prices were in line with the PDID office of NPC price discovery formula, and others appeared to be priced according to other criteria.
Another point was the use of the official of US dollar on Sunday, rising by 2,048 Rials in comparison with last week. Although according to the Petrochemical Committee’s approval, the PDID office should have selected yesterdays US$ price as the discovery price. These two issues are the cases that the Office should make it clear.

A look at least week’s trading figures at the IME petrochemical hall shows that the total number of successful bids (165 out of 193) has been the lowest number of successful bids at this year. Polypropylene has been the most attractive material with 44 times of successful trading, and then the HDPE with 40 times.

With respect to the highest volume trading at one time bid has been:

1- The total supply of LLDPE (3.100 tons) by 5.420 tons of demand traded totally with a small competitive price (Rls. 465) of 99,465 at one bid;

2- PET TG645 which was supplied by 5.500 tons, traded by 2.266 tons (the whole demand) without any competitive for Rls. 85.807;

3- PVC S65 with a supply of 2.200 tons experienced a small competitive of Rls. 432 at Rls. 97.931 and traded in 2.266 tons.

Meanwhile ABS was the least wanted commodity during last week.

Table 1: The new base prices of Dec. 22nd for the materials with the incremental prices in comparison with that of last week.

Commodity Last Week’sPrices

(Rls.)

15.12.2019

This Week’sPrices

(Rls.)

22.12.2019

%Change VariationWeek-Week

(Rls.)

PVC S-57 87.043 91.490 5.11 4.447
PVC S-70 87.043 91.490 5.11 4.447
PVC S-60 85.400 89.863 5.11 4.363
PVC S-65 82.116 86.311 5.11 4.195
ABS 139.450 143.103 2.62 3.653
PET BG-821 96.013 98.756 2.86 2.743
PET BG-825 93.327 95.969 2.83 2.642
PET BG-781 91.732 94.315 2.82 2.583
PET –BG785 89.970 92.486 2.80 2.516
SBR 1502 135.064 137.567 1.85 2.503
PS GPPS 105.413 107.915 2.37 2.502
HDPE Film 82.935 85.220 2.76 2.285
PP Chemical 112.992 114.635 2.02 2.274
PS EPS 110.591 112.862 2.05 2.271
PP Texture 97.450 99.448 2.05 1.998
HDPE Extrusion (PE 100) 94.997 96.757 1.85 1.760
HDPE Extrusion (PE80) 89.613 91.274 1.85 1.661
LLDPE 81.249 82.755 1.85 1.506
LDPE  Film 87.303 88.439 1.30 1.136
HDPE – Rotation 86.589 87.660 1.24 1.071
HDPE Blown 80.908 81.979 1.32 1.071
HDPE Injection 78.965 79.921 1.21 0.956

Table 2: The following table shows all ODTv figures for material trading between Sun. Dec. 15th. and Sat. Dec. 21st. 2019.

Commodity Symbol Min. Price (Rls.) Sold Price (tons) Offering Volume (tons) Demand Volume (tons) Trading Volume (tons)
ABS KZPC-PGPCABS65ZP-00 270,000 270,000 50 10 10
ABS N-50 GBPC-ABS50NWP-00 139,450 139,450 120 90 90
ABS SD0150 TABC-ABSSD0150PP-00 139,450 139,450 0 10 10
ABS SD0150 TABC-ABSSD0150PP-00 139,450 139,450 500 240 240
Epoxy Resin Liquid E06 KZPC-ERE06LSPLG-603 318,000 318,000 0 39/6 39/6
Epoxy Resin Liquid E06 KZPC-ERE06LSPLG-603 320,511 323,533 70/4 96/8 70/4
Epoxy Resin Solid E01X75LC KZPC-ERE1X75LCG-603 277,028 281,190 52/8 110 52/8
Epoxy Resin Solid E01X75LC KZPC-ERE1X75LCG-603 265,000 265,000 0 13/2 13/2
GENERAL PURPOSE POLYSTYRENE 1540 TABC-PSGPPS1540PP-00 106,659 106,979 902 2,013 902
PBR -1220 SHPC-PBR1220WWP-00 160,000 161,283 322/56 846/72 322/56
PBR -1220 TJPC-PBR1220WWP-00 142,100 142,333 302/4 826/56 302/4
PC KZPC-PGPC1012URZP-603 284,000 284,000 200 40 40
PC KZPC-PGPC0710URZP-603 285,022 285,022 80 160 80
PC 0407 KZPC-PGPC0407WP-603 282,999 282,999 20 40 20
PE HDPE 0035 IPC-HDHB0035PP-00 83,449 83,897 1,150 1,670 1,150
PE HDPE 5000S JPC-HD5000SPP-00 80,908 80,908 242 132 132
PE HDPE 52518 JPC-HD52518PP-00 79,219 79,399 2,002 2,156 2,002
PE HDPE 54B04UV LOR-HD54B04UVWP-00 81,066 81,066 360 120 96
PE HDPE 60507 JPC-HD60507PP-00 78,990 79,026 66 110 66
PE HDPE 60507U JPC-HD60507UVPP-00 81,066 81,066 0 22 22
PE HDPE 60507U JPC-HD60507UVPP-00 81,066 81,066 506 418 418
PE HDPE 60511UV JPC-HD60511UVPP-00 81,066 81,066 154 22 22
PE HDPE 62N07UV LOR-HD62N07UVWP-00 81,066 81,066 0 24 24
PE HDPE 62N07UV LOR-HD62N07UVWP-00 81,066 81,066 0 48 48
PE HDPE 62N07UV LOR-HD62N07UVWP-00 81,066 81,066 0 240 240
PE HDPE 62N07UV LOR-HD62N07UVWP-00 81,066 81,066 1,200 336 336
PE HDPE 7000F ILPE-HD7000FWP-00 82,935 82,935 0 22 22
PE HDPE 7000F ILPE-HD7000FWP-00 82,935 82,935 0 88 88
PE HDPE 7000F ILPE-HD7000FWP-00 82,935 82,935 0 88 88
PE HDPE 7000F ILPE-HD7000FWP-00 82,935 82,935 1,012 396 374
PE HDPE 7000F MEPC-HD7000FWP-00 82,935 82,976 1,518 1,573 1,518
PE HDPE BL3 KEPE-HDBL3WP-00 80,908 80,908 0 72 72
PE HDPE BL3 JPC-HDBL3PP-00 80,908 80,908 0 110 110
PE HDPE BL3 KEPE-HDBL3WP-00 80,908 80,908 0 120 120
PE HDPE BL3 KEPE-HDBL3WP-00 80,908 80,908 0 144 144
PE HDPE BL3 JPC-HDBL3PP-00 80,908 80,908 1,012 902 902
PE HDPE BL3 KEPE-HDBL3WP-00 80,908 80,908 1,440 1,008 912
PE HDPE CRP100B SHPC-HDCRP100BWP-00 99,979 100,019 1,300 1,480 1,300
PE HDPE CRP100N JPC-HDCRP100NPP-00 94,997 94,997 0 462 462
PE HDPE CRP100N JPC-HDCRP100NPP-00 94,997 94,997 2,486 2,244 2,024
PE HDPE EX3 PAM-HDEX3J-00 99,579 100,268 440 980 440
PE HDPE EX3 PAM-HDEX3L-00 102,199 102,673 580 1,840 580
PE HDPE EX5 KEPE-HDEX5WP-00 82,935 82,935 0 24 24
PE HDPE EX5 KEPE-HDEX5WP-00 82,935 82,935 480 72 72
PE HDPE EX5 KEPE-HDEX5WP-00 82,935 82,935 0 96 96
PE HDPE EX5 KEPE-HDEX5WP-00 82,935 82,935 0 144 144
PE HDPE EX5 MPC-HDEX5PP-00 82,935 82,935 1,012 330 330
PE HDPE EX5 MPC-HDEX5PP-00 82,935 82,935 0 396 396
PE HDPE HF5110 ASPC-HDHF5110WP-00 82,935 82,935 0 44 44
PE HDPE HF5110 ASPC-HDHF5110WP-00 82,935 82,935 0 110 110
PE HDPE HF5110 ASPC-HDHF5110WP-00 82,935 82,935 1,100 616 484
PE HDPE HI0500 IPC-HDHI0500PP-00 78,965 78,965 0 60 60
PE HDPE HI0500 IPC-HDHI0500PP-00 78,965 78,965 0 70 70
PE HDPE HI0500 IPC-HDHI0500PP-00 78,965 78,965 2,000 600 270
PE LDPE 1922T ASPC-LDEP1922TWP-00 88,479 88,893 110 154 110
PE LDPE 1922T LPC-LDEP1922TWP-089 88,555 90,564 110 286 110
PE LDPE 2100TN00 LPC-LD2100TN00WP-00 102,199 102,394 176 484 176
PE LDPE 2102TX00 LPC-LD2102TX00WP-089 87,303 87,303 0 242 242
PE LDPE 2102TX00 LPC-LD2102TX00WP-089 87,303 87,303 1,672 1,540 1,430
PE LDPE 2420F3 KRD-LD2420F3WP-00 91,668 91,668 600 240 168
PE LDPE 2420F3 KRD-LD2420F3WP-00 91,668 91,668 0 336 336
PE LDPE LF0190 ASPC-LDLF0190WP-00 92,189 94,618 902 1,672 902
PE LDPE LF0200 IPC-LDLF0200PP-00 101,288 102,364 1,000 1,890 1,000
PE LDPE LH0075 IPC-LDLH0075PP-00 103,000 103,277 1,000 2,710 1,000
PE LLDPE JPC-LLD235F6PP-00 83,350 83,350 0 44 44
PE LLDPE JPC-LLD235F6PP-00 83,350 83,350 220 176 176
PE LLDPE SHPC-LLD0209AAWP-00 95,619 96,769 800 1,520 800
PE LLDPE 22B02 MAPE-LLD22B02WP-00 87,670 88,134 1,200 2,448 1,200
PE LLDPE 22B03 MAPE-LLD22B03WP-00 81,249 81,249 0 240 240
PE LLDPE 22B03 MAPE-LLD22B03WP-00 81,249 81,249 720 480 480
PE LLDPE LL0209AA PAM-LLD0209AAL-00 99,000 99,465 3,100 5,420 3,100
PE LMDPE 3840UA TABC-MD3840UAPP-00 91,013 91,995 902 1,485 902
PET BG735 PTC-PETBG735J-00 89,214 89,214 88 110 88
PET BG781 PTC-PETBG781J-00 91,732 91,732 0 132 132
PET BG781 PTC-PETBG781J-00 91,732 91,732 0 242 242
PET BG781 PTC-PETBG781J-00 91,732 91,732 0 462 462
PET BG781 PTC-PETBG781J-00 91,732 91,732 3,520 2,266 1,232
PET BG785 PTC-PETBG785J-00 90,670 90,879 880 1,232 880
PET BG825 PTC-PETBG825J-00 93,327 93,327 0 44 44
PET BG825 PTC-PETBG825J-00 93,327 93,327 0 66 66
PET BG825 PTC-PETBG825J-00 93,327 93,327 1,012 418 308
PET BG845 PTC-PETBG845J-00 94,082 94,082 66 22 22
PET BG845 PTC-PETBG845J-00 94,082 94,082 0 22 22
PET Super Bright TG641 PTC-PETTGSUB641J-00 90,938 90,938 2,508 1,254 1,254
PET TEXTILE GRADE641 PTC-PETTG641J-00 87,545 87,545 1,518 1,518 1,518
PET TG641 MOD PTC-PETTG641MODJ-00 87,793 87,793 1,012 1,012 1,012
PET TG645 PTC-PETTG645J-00 85,807 85,807 0 220 220
PET TG645 PTC-PETTG645J-00 85,807 85,807 0 814 814
PET TG645 PTC-PETTG645J-00 85,807 85,807 5,500 2,266 2,266
PET-BG-821 PTC-PETBG821J-00 96,013 96,013 0 22 22
PET-BG-821 PTC-PETBG821J-00 96,013 96,013 0 44 44
PET-BG-821 PTC-PETBG821J-00 96,013 96,013 0 66 66
PET-BG-821 PTC-PETBG821J-00 96,013 96,013 506 66 66
PG GPPS PPMZ-PSGPPS1115NP-00 102,559 102,559 66 44 44
PP MPC-PPHP525JPP-089 102,452 102,452 0 22 22
PP MPC-PPHP525JPP-089 102,452 102,452 176 154 154
PP PNCO-PPPNR230CP-00 117,931 121,034 180 500 180
PP – ZH510L NZCH-PPZH510LJ-00 97,450 97,450 0 168 168
PP – ZH510L NZCH-PPZH510LJ-00 97,450 97,450 504 336 336
PP – ZH525J NZCH-PPZH525JJ-00 102,452 102,452 798 798 798
PP – ZH550J NZCH-PPZH550JJ-00 97,450 97,450 315 315 315
PP EP440G JPPC-PPEP440GWP-00 112,361 112,361 0 22 22
PP EP440G JPPC-PPEP440GWP-00 112,361 112,361 0 22 22
PP EP440G JPPC-PPEP440GWP-00 112,361 112,361 440 66 22
PP EP440G JPPC-PPEP440GWP-00 112,361 112,361 0 22 22
PP EP440G JPPC-PPEP440GWP-00 112,361 112,361 0 286 286
PP EP440L JPPC-PPEP440LWP-089 120,222 120,333 66 220 66
PP EP440L JPPC-PPEP440LWP-00 119,859 120,400 220 528 220
PP EP548R JPPC-PPEP548RWP-00 125,999 126,402 220 858 220
PP EP548R JPPC-PPEP548RWP-089 118,513 119,805 242 352 242
PP EPX3130UV JPPC-PPEPX3130UVWP-00 121,602 121,602 110 110 110
PP EPX548T JPPC-PPEPX548TWP-089 115,092 115,092 66 22 22
PP EPX548T JPPC-PPEPX548TWP-089 115,092 115,092 0 44 44
PP EPX548T JPPC-PPEPX548TWP-00 115,092 115,092 0 132 132
PP EPX548T JPPC-PPEPX548TWP-00 115,092 115,092 330 198 198
PP Ext. C30S MPC-PPC30SPP-00 98,779 100,182 1,100 1,804 1,100
PP HP510L JPPC-PPHP510LJ-00 97,450 97,450 0 110 110
PP HP510L JPPC-PPHP510LJ-00 97,450 97,450 220 176 110
PP HP510L JPPC-PPHP510LWP-00 97,600 97,817 1,200 1,464 1,200
PP HP525J JPPC-PPHP525JJ-00 102,452 102,452 396 1,320 396
PP HP525J JPPC-PPHP525JWP-00 102,452 102,452 1,392 1,392 1,392
PP HP550J JPPC-PPHP550JWP-00 97,450 97,450 0 216 216
PP HP550J JPPC-PPHP550JWP-00 97,450 97,450 960 744 744
PP HP552R SHPC-PPHP552RWP-00 108,109 108,934 400 1,000 400
PP HP552R MPC-PPHP552RPP-00 105,373 105,923 660 1,738 660
PP HP552R JPPC-PPHP552RWP-00 106,888 107,431 960 2,592 960
PP MR230C MPC-PPMR230CPP-00 137,779 139,693 396 748 396
PP POWDER HP550J MPC-PPHP550JPP-00 98,262 98,262 374 528 374
PP PYI250 PNCO-PPPYI250WP-00 101,890 103,151 100 380 100
PP RG1102XK RJCO-PPRG1102XKJ-00 98,699 99,398 252 567 252
PP RG1102XL RJCO-PPRG1102XLWP-00 97,600 97,779 242 418 242
PP RG3212E RJCO-PPRG3212EWP-00 139,779 140,776 330 594 330
PP RPX345S JPPC-PPRPX345SWP-00 119,187 119,187 0 132 132
PP RPX345S JPPC-PPRPX345SWP-00 119,187 119,187 330 198 198
PP SF060 PNCO-PPSF060WP-00 102,196 102,449 640 1,140 640
PP ZB332C NZCH-PPZB332CJ-00 122,888 123,423 210 399 210
PP ZH515MA NZCH-PPZH515MAJ-00 111,059 112,147 147 252 147
PP ZR230C NZCH-PPZR230CJ-00 141,229 142,921 210 546 210
PP ZR340R NZCH-PPZR340RJ-00 125,909 126,295 189 336 189
PP-552R NZCH-PPZH552RJ-00 100,199 100,303 504 651 504
PS- E500C TABC-PSE500CJ-00 94,073 94,073 55 15 15
PS EPS R400 ENPC-PSSER400J-089 102,147 102,147 100 10 10
PS GPPS PTJP-PSGPPSG1551PPP-00 102,559 102,559 0 202/5 202/5
PS GPPS TABC-PSGPPSFG1460PP-00 101,999 103,851 66 121 66
PS GPPS APK-PSGPPS1309L-00 102,559 102,559 300 205 205
PS GPPS PTJP-PSGPPSG1551PPP-00 102,559 102,559 472/5 292/5 270
PS HIPS PPMZ-PSHIPS6045WP-00 111,696 111,696 0 44 44
PS HIPS PPMZ-PSHIPS6045WP-00 111,696 111,696 198 154 154
PS HIPS 7240 TABC-PSHIPS7240PP-00 116,899 117,657 902 1,617 902
PS Self Retarding F200 ENPC-PSSEF200J-089 108,392 108,392 30 30 30
PS-400C TABC-PSE400CJ-00 102,147 102,147 0 40 40
PS-400C TABC-PSE400CJ-00 102,147 102,147 105 75 65
PSE200 TABC-PSE200J-00 118,589 119,021 25 85 25
PSE200 TABC-PSE200J-00 119,319 119,856 35 85 35
PS-E300C TABC-PSE300J-00 112,409 113,566 30 60 30
PS-E300C TABC-PSE300J-00 117,689 117,857 70 150 70
PVC E6832 ARCO-PVCE6834PP-00 100,182 100,182 88 44 44
PVC E6832 ARCO-PVCE6834PP-00 98,747 100,182 352 462 352
PVC S65 GPC-PVCS65J-00 94,389 95,215 2,000 2,760 2,000
PVC S65 ARCO-PVCS65J-00 91,379 92,178 2,000 2,720 2,000
PVC S65 ARCO-PVCS65WP-00 100,123 100,557 2,002 4,158 2,002
PVC S65 IPC-PVCS65PP-00 97,499 97,931 2,200 4,312 2,200
SBR 1502 IPC-LSBR1502WP-00 144,260 144,547 30/03 160/16 30/03
SBR 1502 IPC-LSBR1502MP-00 135,064 135,064 0 84 84
SBR 1502 IPC-LSBR1502MP-00 135,064 135,064 798 273 273

The last market analysis published at PIMI News Channel was: For 5th Consecutive Week The Material Prices Increased For Many Polymers

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