Today, the head of the PDID office of NPC announced that, since due to some technical reasons, they have received some information regarding the regional prices (FOB, Persian Golf) of polymer materials, so they will announce the new base prices for some polymers (as of before) only on the basis of the value of US$. The decision, still too much amazing for analysts, resulted in an overall 5% increase in all the commodities and grades.
Even though, in this article, we have a look at the global prices of polymer materials.
According to the “Petrotahlil” website, the excuses of the PDID office could be evaluated as nonsense because whereas many brokers have had access to these prices, how it would have been possible for NPC to show off with the bare hands? so that their only chance could have been the US$ value.
In our opinion, if PDID had decided to take into account the global prices in its price definition formula, then some polymers and grades had to be faced with decreasing prices. Does this mean the lose of independence of the PDID office, and any force for increasing the material prices? PIMI economical colleagues are trying to find the truth!
As far as the global market prices are concerned, the price of HDPE was dropped by about $ 150/tonne, and considering this amount, then the price of the same polymer should have been reduced by $ 200/Kg. Also, it was true for other grades of injection grades of HDPE and PP which had a downward trend in the global market this week.
What practically happened today at the PDID’s pricing commission,was a 0.5% growth in the base prices of all commodities.
At the same time, the fixed rate of Rls. 42.000 for each US$ (which will not be stable as we guess so) has created many bottlenecks for the petrochemicals market, so that being confident of the unrealistic rates for the polymers, most brokers entered into the commodity trading and purchased the materials for stocking and/or smuggling the materials to Turkey, Iraq and India.
The following table shows today’s determined prices for the polymers, and its comparison with the prices defined on July 1st.
| Commodity | July 1st
2018 |
July 8th
2018 |
Change
Amount |
Change % |
| US$ Value | 42566 | 42783 | +217 | +0.5 |
| EPS 200 / 300 | 66317 | – | – | + 0.6 |
| EPS 400 | 64440 | – | – | + 0.6 |
| GPS 1540 | 64745 | – | – | + 1.3 |
| HDPE Blowing (BL3 / 0035) | 52127 | 52392 | +265 | +0.5 |
| HDPE Extrusion (EX3/PE80) | 60064 | 60370 | +306 | +0.5 |
| HDPE Extrusion (PE100) | 61053 | 61364 | +311 | +0.5 |
| HDPE Film (X5 / F7000) | 52086 | 52351 | +265 | +0.5 |
| HDPE Injection (HI500 / 52518) | 45523 | 45755 | +232 | +0.5 |
| HDPE Rotational (3840) | 47551 | 47793 | +242 | +0.5 |
| HIPS 7240 | 70859 | 71220 | +361 | +0.5 |
| LDPE Film (190 / 020 / 0075) | 47555 | 47798 | +243 | +0.5 |
| LLDPE 209AA | 45772 | 46005 | +233 | +0.5 |
| PET Bottle G781 | 59262 | 59564 | +302 | +0.5 |
| PET Bottle G785 | 57566 | 57859 | +293 | +0.5 |
| PET Bottle G821 | 62053 | 62369 | +316 | +0.5 |
| PET Bottle G825 | 60302 | 60609 | +307 | +0.5 |
| PP Inj. (MR 230) | 58314 | 58611 | +297 | +0.5 |
| PP Textile (R552 / Z30S) | 52572 | 52840 | +268 | +0.5 |
| PVC S7054 | 41342 | 41553 | +211 | +0.5 |
| PVC S57 | 41342 | 41553 | +211 | +0.5 |
| PVC S60 | 40610 | 40818 | +208 | +0.5 |
| PVC S65 | 37684 | 37876 | +192 | +0.5 |
| SBR Bright 1502 | 72585 | 72955 | +370 | +0.5 |
