The steady rise in prices following the inflammation of world prices

According to INPIA, the average weekly price of Nimai dollar for calculating the basic prices of petrochemical products on Sunday, March 24 was 240.413 Rials and during this week decreased by 1.406 Rials to 239.007 Rials on Sunday, March 31, which shows a decrease of about 0.58%. . Meanwhile, world prices were accompanied by a […]

According to INPIA, the average weekly price of Nimai dollar for calculating the basic prices of petrochemical products on Sunday, March 24 was 240.413 Rials and during this week decreased by 1.406 Rials to 239.007 Rials on Sunday, March 31, which shows a decrease of about 0.58%. . Meanwhile, world prices were accompanied by a serious increase, which prevented the dollar exchange rate from affecting world prices.

Experts believe that global prices, which this week were closed due to the closure of several refineries in the United States for the next month and a significant increase in demand worldwide, especially in China. It is clear that the current situation will continue at least until the end of March, after which we will have to wait for the market to return to normal. Thus, we saw that base prices, despite the decline in the dollar by half, were accompanied by a serious increase due to the growth of global rates. However, it is still unclear whether the Downstream Industries Development Bureau has exercised its authority to reduce or increase base prices by 5% in the event of inflammation. However, we see that prices are experiencing a significant increase, and PVC-E topped the largest price increase with a 14.8% increase. Ordinary polystyrene 1540 was in the second place with 13.71% growth, followed by PVC-S60, PVC-S57, PVC-S7042 and PVC-S65 with 13.12% increase.