کد خبر : 42049

Deep continuous stagnation in PVC market

Petrotahlil- Iran PVC market  downward this week unlike  asian market. 

According to Petrotahlil, petrochemical  products  market has a record after currency  downward fluctuations and unbridled increase. on the other hand, security atmosphere in petrochemical market and arrest of some speculators also export currency recursion rules in Iraq  and Afghanistan led this record to be continued. However  60 percent  of Iran PVC market  is exportive,  but construction record and 10-20 percent  of activities in this section and no producer export because of government force due to export currency recursion cause to deepening PVC record and continue rates drop. that way, due to market repose, PVC price reached to 78,000 IRR this week which seems it's minimum price. in asian market PVC rate is increasing by 10USD. meanwhile dealers in PVC market told about  no declaration of exporting rate by PVC producer complex such as BIPC, ARVAND, GPC, ABADAN petrochemicals. however, ARVAND also has entered an overhaul since end of November and as a market stagnation it doesn't seem that ARVAND overhaul can make significant changes in Iran PVC market. meanwhile, in IME this week Arvand, GPC, BIPC, and ABADAN petrochemicals supplied 8074 tons PVC by the rate of 64,320 IRR for 65grade,which eventually 3848 tons were purchased by dealers. only, ABADAN 57grade PVC has purchasing interest because of shortage in domestic market, somehow it's 500 tons were supplied by base rate of 69,470 IRR and sold out by rate of 93,760 IRR. meanwhile PVC producers transaction values  reached to 2,624,179,300 IRR in IME this week.

 

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