PVC market turmoil with 40% fluctuation

According to the public relations of the National Association of Plastic Industries of Iran (INPIA), the fifth meeting of the Commercial Commission of the National Association was held this morning, April 12, in the presence of experts and representatives of associations and organizations, at the National Association of Plastics. The agenda of this meeting was; Pre-order news, review of incoming letters, review of prices of polymeric materials in the market since the beginning of the new year, review of companies that have participated in Iran Plast exhibition according to previous decisions and review of base prices announced by the Industrial Development Office Petrochemical Supplement. According to the agenda, in the pre-order news items such as; Significant increase in raw material prices in the new year, the impossibility of buying from the stock exchange due to rising prices, insufficient supply of two petrochemicals, lifting the ceiling on the stock exchange and … were raised. Brokers use manufacturers’ information vacuum Buik Agha Sahaf Amin, Chairman of the Trade Commission, in a part of his speech, referring to the lack of knowledge of some producers about the market situation, said: “This is while intermediaries are carefully and scientifically monitoring the market and use this information gap of producers.” they do. He further referred to a joint meeting with members of parliament and said: “In this meeting, which was held in the last days of last year in the presence of the deputy head of the Tax Affairs Organization, Fooladgar, Bandeh and Mr. Issa Gharibi and some other members of parliament The issue of a new VAT law was raised. He explained in this regard: In this meeting, it was stated that with the current method of VAT, most production units are in trouble. On the other hand, small customers are not willing to provide information at all. Some are not even ready to submit or receive an invoice. Sahaf Amin said: the law of added value is still under consideration and promises have been made in this regard. “Most buyers of polyethylene and PVC products are state-owned,” he said. “The public sector, as a buyer, does not pay when it buys, while producers have to pay VAT.” The National Association has also prepared and sent a letter in this regard. The peak of the market catastrophe; PVC rate fluctuates by 40% Seyed Javad Mousavi, an exchange expert, also examined the situation of raw material prices in this meeting. “The worst market is PVC and polystyrene, which is under the strict control of intermediaries,” he said. There has been about a 40% fluctuation in PVC prices in recent weeks, which was the height of the disaster. Babak Diantpay also suggested creating a strong faction against petrochemicals, stating that the above problem is common and this issue also exists in polyethylenes. He believes that this problem does not end with correspondence. He said: “If the producers of P&C act with the establishment of a more cohesive cooperative; This means that petrochemicals gradually adjust their position to obtain and trade their business card. Amir Hossein Shalchi, referring to the presence of some power gangs in the above issue, said: “I think we should tolerate the current situation.” Mohammad Reza Kharazi also suggested that the ceiling be made of PVC In another part of the agenda, Sahaf Amin referred to the holding of the Iran Plast 10 exhibition and said: “Regarding this exhibition, a campaign was initially formed with the opposition of some stakeholders regarding the date of the exhibition.” Then a delegation was formed to negotiate with the aim of changing the date of April, but the negotiations did not end. He continued: “Some people who signed a letter not to attend the Iran Plast exhibition on April have now participated in this exhibition; Others argue that the National Association must find a way to compensate for not participating in Iran Plast. In the end, Sahaf Amin said: “Finally, it should be seen which of the main beneficiaries of Iran Plast, such as masterbatch manufacturers, machine builders, etc., have participated in this exhibition, and the others who have not participated, for which Iran Plast has been the main exhibition;” Because the presence of some manufacturers of finished plastic products in Iran Plast exhibition is only associated with costs and not benefits. The participants in this meeting were; Buik Agha Sahaf Amin, Mohammad Reza Kharazi, Mohammad Karim Kharazi, Amir Hossein Shalchi, Azam Moharramkhani, Muzaffar Amirbag Louie, Madeleine Erin, Hamidreza Amiri, Babak Diantpay, Seyed Javad Mousavi, Raha Farmanbar and Setareh Iqbal.