The Petrochemical Market In Iran Is Experiencing Exciting Days

On the last day of the week in Iran, not only did we see a three-week increase in trading volume, but also a relative increase in the price of polymers in the Iranian commodity exchange. ُIn fact this week recorded the highest trading volume turnover in 1398 (Since March 21st 2019) on Tuesday Dec. 3rd. As a result, the petrochemicals market is in a boom phase, even though the prices of polymers fluctuates are in the rising phase. The rise in base prices in the stock market has so far been interpreted as a rising price trend, indicating that as the rate rises, demand has also increased in the stock market.
This upward trend in both the price rise and the high demand phase indicates that the petrochemical market in Iran is experiencing exciting days, the simplest of which is the ever increasing volatility of the trading volume of polymers on the stock market. Although the prices have been going up since a few weeks ago, but it has been a credible stimulus to rising demand. At the same time we are now seeing a rise in the free dollar value compared to the last few weeks, but the official value of US dollar at the “NIMA” system has also been on the upside. This trend, coupled with the sporadic shocks of the petrochemical product growth rates in world markets, has led to rising base prices, which has fueled this uptrend.
Since late November, however, the price of polymers on the stock market has been on a relative upward trajectory, with recent prices rising for the third consecutive week. Meanwhile, the market for polymers in the stock market has been in a continuous downward trend from late July to mid November, so recent price increases are not a big deal in this market, but have strongly stimulated domestic demand.