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US$ Exchange Value Decrease Compromised New Polymer Base Prices

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Home News Economical News

US$ Exchange Value Decrease Compromised New Polymer Base Prices

by Pimi Admin
August 12, 2018
in Economical News, Iran, Market Analysis, News
0
When Mobs Manipulate the Market, Prices Increase Even by Demands Decline

US$ Exchange Value Decrease Compromised New Polymer Base Prices

Today Sunday, August 12th, 2018, the PDID Office of NPC, announced, like other Sundays, the release of the polymers base prices for the next week’s trading at IME hall.

This week, all commodities and grades faced with downward prices. Many commodities fell by 4.7% which is in fact almost the same as the US$ value decline percentage from 44,088 to 42,000 Rls. Some other commodities even fell below the base price, while others fell in price and dropped further. Does this mean the return to the traditional formula by the PDID Office? The answer is yes. It was anticipated that prices would fall below the base price this week, because a sharp drop of Rials 2000 in US$ value and this would compensate for the higher world prices of polymers.

For a short analysis the  film grade of HDPE got the most downgrading price by 4.8%, and became cheaper by Rls. 2703 per Kg.

Subsequently, a large number of polymers with 4.7% drop in their base price, took second place in the table with the highest reductions in the market price downturn. Among it, there are a variety of grades of PVC, rotational PE, HDPE, PP, HDPE extrusion grade (PE 100, PE 80 and EX3), and textile type of PP.

LLDPE took the third place in price decreases as the largest among others. The commodity faced 4.4% decline in its base price, and the price fell by about Rls. 2200/Kg. reaching to 47.724 Rials/Kg.

On the other hand, the lowest reduction recorded for EPS by 1.4% for grades EPS 200, 300 and 400. After EPS, PET grades decreased by 3.3% in comparison to the last week’s base price of the same material. By now the PET price range is Rls. 56.200 to 60.060 / Kg. Though the free market prices for PET have a great margin of Rls. 200.000.

Other goods also fell between 3.3 and 4.1%. The following table shows today’s announced prices and its comparison with last week (Click Here)

Commodity Aug. 5th

2018

Aug. 12th

2018

Change

Amount

Change %
US$ Value 44088 42000 -2088 – 4.7
EPS 200 / 300 66317 – – + 0.6
EPS 400 64440 – – + 0.6
GPS 1540 64745 – – + 1.3
HDPE Blowing (BL3 / 0035) 56539 53861 -2678 – 4.7
HDPE Extrusion (EX3/PE80) 61871 58941 -2930 – 4.7
HDPE Extrusion (PE100) 62641 59674 -2967 – 4.7
HDPE Film (X5 / F7000) 56380 536777 -2703 – 4.8
HDPE Injection (HI500 / 52518) 49116 46790 -2336 – 4.7
HDPE Rotational (3840) 51262 48834 -2428 – 4.7
HIPS 7240 76500 73571 -2929 -3.8
LDPE Film (190 / 020 / 0075) 51797 49803 -1994 – 3.8
LLDPE 209AA 49915 47724 -2191 – 4.4
PET Bottle G781 59909 57936 -1973 – 3.3
PET Bottle G785 58194 56277 -1917 – 3.3
PET Bottle G821 62730 60664 -2066 – 3.3
PET Bottle G825 60960 58952 -2008 – 3.3
PP Inj. (MR 230) 61515 58602 -2913 – 4.7
PP Textile (R552 / Z30S) 55255 52638 -2617 – 4.7
PVC  S7054 45872 43699 -2173 – 4.7
PVC S57 45872 43699 -2173 – 4.7
PVC S60 45074 42939 -2135 – 4.7
PVC S65 41883 39899 -1984 – 4.7
SBR Bright 1502 79.716 76491 -3225 -4.0
Tags: #polymer base pricebase ricesMarket AnalysisStatistics
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