Lucky return to the polymer market

According to INPIA, quoting the world of economy, this article can be a sign of good days for the polymers of the commodity exchange, which has taken an increasing trend in its weekly transactions, and by inviting an unprecedented demand volume, portrays an interesting event in this market after a long time. Has drawn. Lucky return to the polymer market However, some locals believe that the driving force behind this dramatic growth is the increase in the base price leverage, which somewhat rejects the mentality of a further fall in base prices and reinforces this hypothesis with the movements in global oil markets. Of course, the Nima system has been moving away from its slow decreasing current for some time now, and it seems that these days it is experiencing limited incremental impulses. This issue, which is rooted in the free exchange rate in the open market, is another reason that has greatly weakened the mentality of reducing the base rate of petrochemical raw materials in the commodity exchange. Therefore, increasing movements in the volume of transactions and the amount of demand in this market are evident. In this regard, “World of Economy” in an interview with Dr. Massoud Jamali, a market expert in polymer products, has examined the trading situation in this market. You can read the text of this conversation below. Rising prices for petrochemical products At the beginning of his speech, Dr. Jamali referred to the base prices announced on Sunday this week and said: “The base price of raw materials in this market was accompanied by an increase in the prices of all grades of petrochemical products, which is due to rising global prices.” Of course, the increase in the price of currency in the Nima system, although a small amount of 228 Tomans, but caused the base price of the dollar to reach 23 thousand and 496 Tomans. Hence, the two incremental levers went hand in hand, bringing the overall base prices to a rate hike. Studies show that textile and chemical polypropylenes accounted for a larger share of the price increase. Therefore, for these two attractive polymer products, we saw a higher price increase than other grades. Daily review of polymers transactions this week He addressed the market of non-optimized polymer products and stated: On Sunday, 7,400 tons of products were offered, in return for which a demand of 11,966 tons was formed. Finally, on this day, we witnessed 7,248 tons of transactions of non-optimized products. This volume of transactions indicates that more than 98% of the offers on this day were traded. The market expert considered the trading of polymer products in the commodity exchange during Monday in such a way that against 26,870 tons of various polymer products, a demand of 32,985 tons was formed. As a result of supply and demand on this day, 20,585 tons of polymer products were traded, which represents 76.6% of the supply that ended in a deal. Also on this day, the maximum price competition was related to chemical polypropylene, which was recorded at 36%. While textile polypropylene experienced light competition and can be said to be without competition; Completed its transactions. The other most popular product in the market, polyvinyl chloride (PVC), which has not been priced for months, experienced some 10% price competition in some grades on Monday. What happened on this trading day was that we saw a decrease in supply of textile polypropylene by about 300 to 400 tons, PVC by nearly 2,000 tons and chemical polypropylene by 600 tons compared to last week’s supply. Given the volume of supply, part of this week’s price competition was related to the reduction in supply volume. He added: “But in last week’s trading, after a long time, an unprecedented event took place in this market and more than 97% of the incremental offers were traded.” These upward figures during the last three weeks, which had taken an upward trend, with the ascending numbers and figures of last week to their historical records, is the end of reducing the volume of transactions. Because in the last few weeks, the trading volume experienced a sharp and unprecedented fall of less than 30,000 tons, which was unprecedented for the Commodity Exchange in the last four years. But evidence shows that the market has reached its peak again, with more than 97% traded last week and 95.2% traded for the current week on Tuesday. The volume of supplies on Tuesday of this week was 51,697 tons, against which the demand of 89,066 tons was formed. Finally, 49,195 tons of this amount of goods were traded in the main ring of the Commodity Exchange and 1,754 tons in matching transactions. He addressed the price competition on Tuesday and reminded: on Tuesday, textile polypropylene with 48%, bottle polyethylene terephthalate with 51%, linear light polyethylene with 23% and film polyethylene with 14% were accompanied by price competition. There are several reasons for the increase in trading volume and price competition over the past two weeks. First, we can point to the change in the behavioral pattern of the Nima system, which has been increasing for two weeks after a long period of decreasing fluctuations. Therefore, it can be said that the declining mentality that was formed among the people of the market following the declining flow of currency is now over. Free market price movements