A turbulent market like the polymer materials market in Iran which shows sharp declining in a week (last week) and sharp increases at the earlier week, is a market that is in the hands of materials’ manipulators rather than the exact and true producers. What happened last week is a good example;
A sharp decrease in Demands, Offers and Trade volume at the 3rd week of Aug., 2017 is a good index (by itself) for the turbulent polymer market of Iran. During the 2nd week of August market face with near 100.000 tons of higher demand but the supply and trade volumes recorded negative figures (Click Here). However at the 1st week the IME hall witnessed a jump over all three ODT indices (Click Here).
What the above means is that neither the producers, nor the petrochemical plants and even the “competitive assembly” (the assembly for price definitions for each material that is in shortage of production or offers by the petchems). On each Sunday, the so called assembly, assumes a US$ price base for discovery of the prices with a look to the FOB prices of the same materials at the international market.
However, the price differences at the free markets and also the lack of funding for converters results in market adjustment by the brokers!
Table 1: Comparison Table for weeks: Aug. 6th – 12th, and Aug.13th– Aug. 20th, 2017 (last week)
| Comparison table for polymer markets in Iran between two above weeks | |||
| PIMI.IR Portal | 2 Weeks ago | Last Week | Deviation (+ / -) |
| Total Offers (tons) | 59.560 | 55.650 | -3.910 |
| Total Demands (tons) | 197.700 | 132.300 | -65.400 |
| Trade Volume (tons) | 45.640 | 42.080 | -3.560 |
The prices have been determined on the basis of 1US$ for 38.015 Rials (13 Rials less than last week’s exchange rate for price base). At the same date (Aug. 13th, 2017) the exchange rate of the US$ at the free currency market in Teheran has been 1US$=38.130 (Lower than last week for 190 Rials), and the Euro for 45.610 Rials (Just 200 Rials increase), both in comparison with the last week prices.
