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Unbelievable Growth of Material Trading During The COVID-19 Period

Unbelievable Growth of Material Trading During The COVID-19 Period

Written By : Editorial
Reading time : 11 minutes

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At the last week of the Iranian year, the last pricing committee of the PDID Office of NPC decided to irritate the market that was practically down and only the converters were the true buyers.

This last session ended with about 0.8% decreasing in US$ value which was calculated at Rials 135.217 for the base polymer prices till March 29th. During the week between March 8-14th. (Table III) a total number of 219 bids were run at the IME Hall at a condition that the Government was prohibiting the community “Not to gather under a roof”. But, for some, money is money and so the total number of bids (219) and the successful bids (199) were high both after about 20 weeks. (For last week prices Click Here)

However, as you can see at the following comparison table the amount of highest purchases at one bid alone has decreased due to special rules for the staffs pay rolls at the end of the year. Each worker should receive at least an amount almost equal to 3 months of its monthly salary which is a great pressure over the cash flow of the companies and factories. Though, this year due to the attack of COVID-19 many jobs went down and a lot had to close or shot down, however they have to follow their obligations.

Table: Comparison of trading figures between last two weeks:

Weekly Dates Supply

(tons)

Demands Volume

(tons)

Trading Volume

(tons)

Feb. 29- Mar. 5th 90.670 103.954 68.182
Mar. 07 – Mar. 12th 99.241 86.399 67.083

As it is appear from the above figure, whereas about 9000 tons of more supplies were offered at the IME petrochemical hall, the demand request decreased by about 17.5k tons and the trading volume also decreased about 1000 tons. This means that the converting industry (except in the blowing and packaging sectors) went down after almost half a century.

Now we can have a look at the new prices at the table I which after 16 weeks shows a downward pricing for the base prices of selective polymers. According to the table’s figures, only one material (PVC E6834) has faced with a small amount in base price.

Table I: New base prices applicable for (March 15th – 29th evening)

Materials Last Week’s Price (Rials)

08.03.2020        

This Week’s Price (Rials)

15.03.2020

%

Change

Difference (Rials)
EPS 136.740 128.371 -6.12 -8.369
ABS 168.436 161.489 -4.12 -6.947
PET BG-821 111.015 106.505 -4.06 -4.510
PET BG-825 107.768 103.526 -3.94 -4.243
HIPS 145.835 140.146 -3.90 -5.689
PET BG-781 105.840 101.757 -3.86 -4.083
GPPS 128.480 123.575 -3.82 -4905
PETBG-785 103.709 99.802 -3.77 -3.907
HDPE Film 101.347 98.911 -2.40 -2.436
SBR 1502 162.083 158.441 -2.25 -3.642
PP Texture 130.841 128.149 -2.06 -2.692
PP Chemical 149.232 146.389 -1.91 -2.843
HDPE Blown 102.111 100.311 -1.76 -1.800
LLDPE 107.855 106.169 -1.56 -1.686
HDPE Extrusion (PE 100) 116.407 114.697 -1.47 -1.710
HDPE Extrusion (PE80) 111.339 109.946 -1.25 -1.393
HDPE Injection 93.427 92.533 -0.96 -894
HDPE – Rotation 104.213 103.224 -0.95 -989
PVC S-57 119.139 118.164 -0.82 -975
PVC S-60 113.723 112.793 -0.82 -930
PVC S-65 108.308 107.421 -0.82 -887
PVC S-70 124.603 123.583 -0.82 -1.020
LDPE  Film 108.458 107.955              -0.46 -502
PVC E6834 119.139 119.191 +0.04 52

At table II we can see the first 5 attractive materials which were purchased at once in a bid.

Table II: 5 tradings at one time bid at IME hall

 

Commodity

Symbol Min. Price (Rls.) Sold Price (Rls.) Offering Volume (tons) Demanding Volume (tons) Trading Volume (tons)
HIGH DENSITY POLYETHYLENE 52518 JPC-HD52518PP-00 93,427 93,427 0 3,036 3,036
POLYVINYL CHOLORIDE S65 ARCO-PVCS65PP-00 110,059 112,333 3,014 4,312 3,014
POLYVINYL CHOLORIDE S65 GPC-PVCS65J-00 108,308 108,308 3,000 3,020 2,880
LINEAR LOW DENSITY POLYETHYLENE PAM-LLD0209AAWP-00 110,866 111,578 2,706 3,520 2,706
LINEAR LOW DENSITY POLYETHYLENE SHPC-LLD0209AAWP-00 107,856 108,064 2,000 2,260 2,000

Finally we can see the total figures for the last week’s (Mar. 8-14th) tradings at the IME hall.

Table III: The total trading volume for last week (March 8th-14th evening) at IME Hall

Commodity Symbol Min. Price (Rls.) Sold Price (Rls.) Offering Volume (tons) Demanding Volume (tons) Trading Volume (tons)
ABS  SD0150 TABC-ABSSD0150PP-00 168,436 168,436 0 20 20
ABS  SD0150 TABC-ABSSD0150PP-00 168,436 168,436 400 120 120
ABS N-50 GBPC-ABS50NWP-00 168,436 168,436 120 40 40
ABS N-50 GBPC-ABS50NWP-00 168,436 168,436 0 40 40
Epoxy Resin Liquid E06 KZPC-ERE06LSPLG-603 367,000 367,000 0 39/6 39/6
Epoxy Resin Liquid E06 KZPC-ERE06LSPLG-603 367,000 367,000 105/6 83/6 66
Epoxy Resin Solid E01X75LC KZPC-ERE1X75LCG-603 309,003 313,703 61/6 88 61/6
PBR -1220 SHPC-PBR1220WWP-00 161,430 161,430 0 60/48 60/48
PC KZPC-PGPC1012URZP-603 320,000 320,000 0 45 45
PC KZPC-PGPC1012URZP-603 320,000 320,000 150 160 105
PE HDPE PAM-HDEX3GJ-00 110,903 110,903 620 100 20
PE HDPE PAM-HDEX3GJ-00 110,903 110,903 0 30 30
PE HDPE ILPE-HDPE7700MP-00 113,018 113,018 0 44 44
PE HDPE LOR-HD54B04WP-00 93,427 93,427 1,008 120 120
PE HDPE ILPE-HDPE7700MP-00 113,018 113,018 0 132 132
PE HDPE ILPE-HDPE7700MP-00 113,018 113,018 1,012 242 176
PE HDPE LOR-HD54B04WP-00 93,427 93,427 0 312 312
PE HDPE  BL3 MPC-HDBL3J-00 102,111 102,111 588 21 21
PE HDPE  BL3 PAM-HDBL3J-00 102,111 102,111 180 30 30
PE HDPE 0035 IPC-HDHB0035PP-00 102,111 102,111 0 20 20
PE HDPE 0035 IPC-HDHB0035PP-00 102,111 102,111 0 60 60
PE HDPE 0035 IPC-HDHB0035PP-00 102,111 102,111 0 100 100
PE HDPE 0035 IPC-HDHB0035PP-00 102,111 102,111 1,500 890 850
PE HDPE 5030SA TABC-HD5030SAPP-00 97,164 97,164 0 11 11
PE HDPE 5030SA TABC-HD5030SAPP-00 97,164 97,164 209 198 198
PE HDPE 52518 JPC-HD52518PP-00 93,427 93,427 0 132 132
PE HDPE 52518 JPC-HD52518PP-00 93,427 93,427 3,454 308 286
PE HDPE 52518 JPC-HD52518PP-00 93,427 93,427 0 3,036 3,036
PE HDPE 62N07UV LOR-HD62N07UVWP-00 96,017 96,017 1,200 144 96
PE HDPE 62N07UV LOR-HD62N07UVWP-00 96,017 96,017 0 1,104 1,104
PE HDPE 7000F ILPE-HD7000FWP-00 101,347 101,347 0 22 22
PE HDPE 7000F ILPE-HD7000FWP-00 101,347 101,347 0 22 22
PE HDPE 7000F MEPC-HD7000FWP-00 101,347 101,347 0 66 66
PE HDPE 7000F ILPE-HD7000FWP-00 101,347 101,347 1,012 176 132
PE HDPE 7000F ILPE-HD7000FWP-00 101,347 101,347 0 330 330
PE HDPE 7000F MEPC-HD7000FWP-00 101,347 101,347 1,518 407 363
PE HDPE 7000F MEPC-HD7000FWP-00 101,347 101,347 0 1,089 1,089
PE HDPE BL3 JPC-HDBL3PP-00 102,111 102,111 0 22 22
PE HDPE BL3 JPC-HDBL3PP-00 102,111 102,111 0 44 44
PE HDPE BL3 JPC-HDBL3PP-00 102,111 102,111 1,012 374 374
PE HDPE CRP100B SHPC-HDCRP100BWP-00 125,881 125,881 0 20 20
PE HDPE CRP100B SHPC-HDCRP100BWP-00 125,881 125,881 0 100 100
PE HDPE CRP100B SHPC-HDCRP100BWP-00 123,203 123,203 0 140 140
PE HDPE CRP100B SHPC-HDCRP100BWP-00 125,881 125,881 2,000 400 400
PE HDPE CRP100N JPC-HDCRP100NPP-00 116,407 116,407 0 22 22
PE HDPE CRP100N JPC-HDCRP100NPP-00 116,407 116,407 0 110 110
PE HDPE CRP100N JPC-HDCRP100NPP-00 116,407 116,407 2,750 462 440
PE HDPE EX3 PAM-HDEX3L-00 110,903 110,903 0 60 60
PE HDPE EX3 PAM-HDEX3L-00 110,903 110,903 1,400 1,390 1,340
PE HDPE EX5 KEPE-HDEX5WP-00 101,347 101,347 1,632 48 24
PE HDPE EX5 MPC-HDEX5PP-00 101,347 101,347 0 44 44
PE HDPE EX5 MPC-HDEX5PP-00 101,347 101,347 506 154 110
PE HDPE EX5 KEPE-HDEX5WP-00 101,347 101,347 0 336 336
PE HDPE HF5110 ASPC-HDHF5110WP-00 101,347 101,347 1,782 198 176
PE HDPE HF5110 ASPC-HDHF5110WP-00 101,347 101,347 0 814 814
PE LDPE KRD-LD2426F8WP-00 109,105 109,105 600 48 48
PE LDPE 1922T LPC-LDEP1922TWP-00 111,711 111,711 330 22 22
PE LDPE 2100TN00 LPC-LD2100TN00WP-00 116,049 116,049 0 22 22
PE LDPE 2100TN00 LPC-LD2100TN00WP-00 116,049 116,049 330 330 308
PE LDPE 2102TX00 LPC-LD2102TX00WP-00 108,457 108,457 0 44 44
PE LDPE 2102TX00 LPC-LD2102TX00WP-00 108,457 108,457 1,914 638 528
PE LDPE 2420F3 KRD-LD2420F3WP-00 116,049 116,049 720 168 144
PE LDPE 2420F8 KRD-LD2420F8WP-00 108,457 108,457 0 24 24
PE LDPE 2420F8 KRD-LD2420F8WP-00 108,457 108,457 0 48 48
PE LDPE 2420F8 KRD-LD2420F8WP-00 108,457 108,457 576 240 240
PE LDPE 2420H PAM-LD2420HPP-00 108,457 108,603 506 726 506
PE LDPE LF0190 ASPC-LDLF0190WP-00 108,457 108,457 0 176 176
PE LDPE LF0190 ASPC-LDLF0190WP-00 108,457 108,457 2,904 1,650 1,298
PE LDPE LF0200 IPC-LDLF0200PP-00 113,377 114,198 700 1,060 700
PE LDPE LH0075 IPC-LDLH0075PP-00 115,111 118,505 800 1,310 800
PE LLDPE JPC-LLD235F6PP-00 110,445 110,445 0 22 22
PE LLDPE JPC-LLD235F6PP-00 110,445 110,445 0 44 44
PE LLDPE JPC-LLD235F6PP-00 110,445 110,445 440 176 132
PE LLDPE MAPE-LLD22B01KJP-00 108,502 108,502 720 192 144
PE LLDPE PAM-LLD0209AAJ-00 119,879 121,144 400 1,630 400
PE LLDPE SHPC-LLD0209AAWP-00 107,856 108,064 2,000 2,260 2,000
PE LLDPE PAM-LLD0209AAWP-00 110,866 111,578 2,706 3,520 2,706
PE LLDPE 209AA TABC-LLD0209AAPP-00 107,855 107,855 0 77 77
PE LLDPE 209AA TABC-LLD0209AAPP-00 107,855 107,855 506 451 429
PE LLDPE 209KJ TABC-LLD0209KJPP-00 108,502 108,502 0 121 121
PE LLDPE 209KJ TABC-LLD0209KJPP-00 108,502 108,502 506 176 143
PE LLDPE 22B02 MAPE-LLD22B02WP-00 107,855 107,855 0 48 48
PE LLDPE 22B02 MAPE-LLD22B02WP-00 107,855 107,855 0 120 120
PE LLDPE 22B02 MAPE-LLD22B02WP-00 107,855 107,855 1,824 1,152 912
PE LMDPE 3840UA TABC-MD3840UAPP-00 104,213 104,213 0 22 22
PE LMDPE 3840UA TABC-MD3840UAPP-00 104,213 104,213 1,001 770 770
PET BG731 PTC-PETBG731J-00 104,926 104,926 0 22 22
PET BG731 PTC-PETBG731J-00 104,926 104,926 110 110 88
PET BG735 PTC-PETBG735J-00 102,795 102,795 0 44 44
PET BG735 PTC-PETBG735J-00 102,795 102,795 440 396 286
PET BG781 PTC-PETBG781J-00 106,389 108,190 1,518 2,156 1,518
PET BG785 PTC-PETBG785J-00 103,709 103,709 0 154 154
PET BG785 PTC-PETBG785J-00 103,709 103,709 1,210 1,254 1,056
PET BG845 PTC-PETBG845J-089 108,681 108,681 330 286 198
PET Super Bright TG641 PTC-PETTGSUB641J-00 110,661 110,661 1,716 814 814
PET Super Bright TG641 PTC-PETTGSUB641J-00 110,661 110,661 0 902 902
PET TG641 MOD PTC-PETTG641MODJ-00 106,817 106,817 2,002 374 66
PET TG645 PTC-PETTG645J-00 104,389 104,389 0 154 154
PET TG645 PTC-PETTG645J-00 104,389 104,389 3,014 1,254 1,254
PET-BG-821 PTC-PETBG821J-00 111,015 111,015 0 44 44
PET-BG-821 PTC-PETBG821J-00 111,015 111,015 0 264 264
PET-BG-821 PTC-PETBG821J-00 111,015 111,015 1,716 1,496 1,210
PP NZCH-PPZB548RJ-00 149,232 149,232 0 42 42
PP RJCO-PPRG1102XLRJ-00 130,841 130,841 761/25 630/75 217/5
PP MPC-PPHP500JPP-00 130,841 130,841 440 66 44
PP MPC-PPHP500JPP-00 130,841 130,841 0 110 110
PP MPC-PPHP525JPP-00 143,008 143,118 220 418 220
PP – ZH510L NZCH-PPZH510LJ-00 130,841 130,841 0 21 21
PP – ZH510L NZCH-PPZH510LJ-00 130,841 130,841 0 126 126
PP – ZH510L NZCH-PPZH510LJ-00 130,841 130,841 588 504 294
PP – ZH550J NZCH-PPZH550JJ-00 130,841 130,841 0 21 21
PP – ZH550J NZCH-PPZH550JJ-00 130,841 130,841 0 147 147
PP – ZH550J NZCH-PPZH550JJ-00 130,841 130,841 420 378 252
PP EP440G JPPC-PPEP440GWP-00 149,232 149,232 0 22 22
PP EP440G JPPC-PPEP440GWP-00 149,232 149,232 440 44 44
PP EP440L JPPC-PPEP440LWP-00 155,666 156,967 110 286 110
PP EP548R JPPC-PPEP548RWP-00 186,789 191,804 110 462 110
PP EPX3130UV JPPC-PPEPX3130UVWP-00 161,559 161,674 220 264 220
PP EPX548T JPPC-PPEPX548TWP-00 152,599 152,599 110 154 110
PP Ext. C30S MPC-PPC30SPP-00 130,841 130,841 0 66 66
PP Ext. C30S JPPC-PPC30SWP-00 130,841 130,841 0 120 120
PP Ext. C30S JPPC-PPC30SWP-00 130,841 130,841 912 840 648
PP Ext. C30S MPC-PPC30SPP-00 130,841 130,841 1,100 1,364 1,034
PP HP510L SHPC-PPHP510LWP-00 130,841 130,856 300 640 300
PP HP510L JPPC-PPHP510LWP-00 130,841 131,111 912 1,632 912
PP HP525J JPPC-PPHP525JWP-00 142,959 143,074 1,440 1,944 1,440
PP HP552R SHPC-PPHP552RWP-00 130,841 130,841 0 20 20
PP HP552R SHPC-PPHP552RWP-00 130,841 130,841 0 20 20
PP HP552R SHPC-PPHP552RWP-00 130,841 130,841 0 40 40
PP HP552R JPPC-PPHP552RWP-00 130,841 130,841 0 48 48
PP HP552R JPPC-PPHP552RWP-00 130,841 130,841 0 48 48
PP HP552R JPPC-PPHP552RPP-00 130,841 130,841 0 48 48
PP HP552R MPC-PPHP552RPP-00 130,841 130,841 0 66 66
PP HP552R JPPC-PPHP552RPP-00 130,841 130,841 0 120 120
PP HP552R JPPC-PPHP552RPP-00 130,841 130,841 696 360 120
PP HP552R MPC-PPHP552RPP-00 130,841 130,841 330 352 220
PP HP552R JPPC-PPHP552RWP-00 130,841 130,841 1,296 1,008 744
PP HP552R SHPC-PPHP552RWP-00 130,841 130,841 1,800 1,480 800
PP N PNCO-PPPNR230CP-00 149,232 149,232 0 20 20
PP N PNCO-PPPNR230CP-00 149,232 149,232 200 180 60
PP N NZCH-PPZB548RJ-00 149,232 149,232 210 231 126
PP N NZCH-PPZB548RP-00 149,232 149,232 220 352 220
PP PYI250 PNCO-PPPYI250WP-00 130,841 130,841 0 20 20
PP PYI250 PNCO-PPPYI250WP-00 130,841 130,841 0 40 40
PP PYI250 PNCO-PPPYI250WP-00 130,841 130,841 0 80 80
PP PYI250 PNCO-PPPYI250WP-00 130,841 130,841 500 400 280
PP Raffia RJCO-PPRG1102XKRJ-00 130,841 130,841 0 21/75 21/75
PP Raffia RJCO-PPRG1102XLRJ-00 130,841 130,841 0 43/5 43/5
PP Raffia RJCO-PPRG1102XKRJ-00 130,841 130,841 565/5 696 478/5
PP RP340R JPPC-PPRP340RWP-00 153,117 153,117 110 88 44
PP RP340R JPPC-PPRP340RWP-00 153,117 153,117 0 66 66
PP RPX345S JPPC-PPRPX345SWP-00 157,650 157,650 440 88 44
PP SF060 PNCO-PPSF060WP-00 131,659 131,927 500 900 500
PP Z30S SHPC-PPZ30SWP-00 130,841 130,841 0 20 20
PP Z30S SHPC-PPZ30SWP-00 130,841 130,841 0 40 40
PP Z30S MPC-PPZ30SPP-00 130,841 130,841 0 44 44
PP Z30S SHPC-PPZ30SWP-00 130,841 130,841 300 200 100
PP Z30S MPC-PPZ30SPP-00 130,841 130,841 484 374 132
PP ZB332C NZCH-PPZB332CJ-00 149,232 149,668 210 273 210
PP ZR230C NZCH-PPZR230CJ-00 162,555 165,063 252 588 252
PP ZR340R NZCH-PPZR340RJ-00 153,117 153,117 210 126 84
PP-552R NZCH-PPZH552RJ-00 130,841 130,841 0 21 21
PP-552R NZCH-PPZH552RJ-00 130,841 130,841 0 105 105
PP-552R NZCH-PPZH552RJ-00 130,841 130,841 378 315 147
PS EPS SE2000 BAN-PSESE2000J-00 134,096 134,096 110 22 22
PS GPPS PTJP-PSGPPSG1551PPP-00 128,480 128,480 247/5 11/25 11/25
PS GPPS APK-PSGPPS1309L-00 128,480 128,480 250 160 160
PS HIPS PPMZ-PSHIPS6045PP-00 145,835 145,835 0 44 44
PS HIPS PPMZ-PSHIPS6045PP-00 145,835 145,835 286 44 44
PS Self Retarding F200 ENPC-PSSEF200J-00 137,352 137,352 100 20 20
PSE200 TABC-PSE200J-00 136,740 136,740 0 5 5
PSE200 TABC-PSE200J-00 136,740 136,740 85 80 80
PS-E300C TABC-PSE300J-00 136,740 136,740 0 10 10
PS-E300C TABC-PSE300J-00 136,740 136,740 95 45 45
PVC E6832 ARCO-PVCE6834PP-00 133,812 133,812 0 22 22
PVC E6832 ARCO-PVCE6834PP-00 133,812 133,812 176 154 154
PVC E6832 ARCO-PVCE6834PP-00 128,999 133,812 748 924 748
PVC S60 IPC-PVCS60PP-00 113,723 113,723 0 770 770
PVC S60 IPC-PVCS60PP-00 113,723 113,723 2,508 1,848 1,738
PVC S65 ARCO-PVCS65J-00 108,308 108,308 0 60 60
PVC S65 GPC-PVCS65J-00 108,308 108,308 0 120 120
PVC S65 ARCO-PVCS65J-00 108,308 108,308 0 180 180
PVC S65 ARCO-PVCS65J-00 108,308 108,308 0 220 220
PVC S65 ARCO-PVCS65J-00 108,308 108,308 0 240 240
PVC S65 IPC-PVCS65PP-00 108,308 108,308 0 286 286
PVC S65 IPC-PVCS65PP-00 108,308 108,308 1,012 1,232 418
PVC S65 IPC-PVCS65PP-00 115,813 116,580 1,012 1,870 1,012
PVC S65 GPC-PVCS65J-00 111,333 114,029 1,200 1,460 1,200
PVC S65 ARCO-PVCS65J-00 108,308 108,308 3,000 2,640 1,560
PVC S65 ARCO-PVCS65J-00 108,308 108,308 2,000 2,180 1,780
PVC S65 GPC-PVCS65J-00 108,308 108,308 3,000 3,020 2,880
PVC S65 ARCO-PVCS65PP-00 110,059 112,333 3,014 4,312 3,014
SBR 1502 IPC-LSBR1502MP-00 162,083 162,083 798 315 315
SBR 1712 TJPC-DSBR1712MP-00 151,631 151,631 1,050 273 273

 

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