Petrotahlil-By Iran Styrene monomer export ban in recent week and following the stock loss for pars petrochemical, which is the biggest Styrene monomer producer in Iran, intensified the matter of increasing Styrene monomer consumption volume in iran due to new poly Styrene phase utilization.
According to petrotahlil, in the other hand, following American and chinese commercial war and devaluation of the yuan against the dollar, the volume of chinese imports has declined as Iran's trade partner. meanwhile increasing petrochemicals feed in Iran and withdrawal of some foreign purchasers because of sanctions, cause to more pressure on big petrochemicals and made some of them have been challenged by exporting. However, In Iran market recent week, GPPS fell to rate of 119,000IRR/kg.
also in IME according to dropping the rate in Asian market, GPPS base price reached to 109,600 IRR which will be more expensive the open market counting VAT and stock charges costs. that way, while Iran PS market face with increasing production inflected by the exploitation of phases such as Petropaak, Moheb Polymer and TJPA-PC, that Iran domestic market encountered with reduction of purchasing power of secondary industries due to depreciation of IRR against USD and and increasing productions price and on the other hand foreign currency contracting rules and forcing the currency back from the place of export of products to Afghanistan and Iraq also cause to decreasing export volume. increasing domestic supply volume, also keeps the rates higher in IME than domestics. therefore traders willingness has dropped for PS purchasing and oscillation. In asian markets big producers decrease their rates as well, so raw materials price such as Butadiene and GPPS has fallen. somehow that the price of GPPS in China dropped to 1300-1320 USD/Ton which averaged 45 USD drop.exportive GPPS rate of Moheb Polymer and TJPA-PC in Iran market is about 1350 USD/Ton (EXW) current week.