The relative high level of the trade in polymers on the stock exchange over the past two weeks has shown that the situation in this market represents a fundamental improvement and it is possible to increase the volume of production in the converting industries.
Increasing demand in the final days of the year has already proven its impact on the market, although market realities should be examined with a detailed and analytical look. This time, we will also use the market index for polymers as the main style in analyzing this market.
Polymer Market Index Table
All of the trading statistics for the last week are showing a favourable week, that is to say, two dreamy weeks have been recorded for this market, in a condition that for many weeks these figures have been something like a wish. If you’ve been studying the history of the PIMI about the polymer market, these good days were well considered and even predicted, and, of course, the most important tool for market observation was also examined in the context of the polymer market’s price table indexes. So we will figure out the market now based on the trading volumes.
Trading volume index
The turnover of polymers last week fell by 5% to 61,771 tons. This figure, although lower than its previous week, but is one of the most significant trading figures for the current year, especially in the second half of this year, due to price liberalization. This is while the average anuual volume of transactions is 5.31% higher than the average for the last year and shows 17.7% increase.
These two figures indicate the favorable situation of this market. On the other hand, the volume of supplies last week was close to 82 thousand tons, which was 2% less than in the same period last week. That figure, meanwhile, is 69,000 tonnes for this year’s average, which means we are witnessing also a favourable condition for polymer supplies. Of course, as noted last week, the 5% drop in supply volumes over the past two weeks seems logical as volume trading has limited the potential for increased supply during last week.
A 2% reduction in supply volumes suggests that the conditions of this market are better than our expectations in terms of supply volumes and the same data shows the increase in inventories in petrochemical companies. This means that probably fewer less attractive deals have been registered in the market, and companies have come up with whatever they have come up with. This data should be taken into consideration, that is, the volume of supply exceeds the expected value, meaning some sub-data in this market, which requires a more detailed examination in the later sections.
But in the demand phase, we see that nearly 99,300 tonnes of demand have been registered in this market, down from 2% last week, which is close to a 2% drop in supply volumes.
All of these are showing the primitive results of arresting several material market’s manupulating gangs, and so we are expecting better market situation for future weeks.
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