What effect does the new resolution of the Petrochemical Committee have on the prices of raw materials?

The head of the trade commission of the National Association of Polymer Industries of Iran also believes that this decree will prevent the direct impact of these fluctuations on the final price of petrochemical raw materials in the weeks when we are witnessing the most fluctuations in the exchange rate. In an interview with INPIA, Engineer Saeed Zamanzadeh stated: The feed rate of petrochemicals is also based on the one-month average of the Nimai currency, and this shows that when the stronger side has the power to control the price fluctuations of the Nimai currency, then the industries are low. The manual must do the same. He continued: “The currency trend has been increasing in the short and long term, so such a decision will help downstream industries and prevent momentary inflammation.” For example, the rate of Nimai dollar has increased by about one thousand tomans in the last week, so buyers predict that this week and for tomorrow’s prices, they will see an increase of 1000 tomans for Nimai dollar, which will increase the excitement and inflammation of buyers to buy more. But if prices are set on a monthly average instead of a weekly average, this price increase for petrochemical raw materials will be significantly reduced and will also reduce the thirst for purchase. Zamanzadeh in response to the question whether if the Nima exchange rate decreases in a few weeks, is this decision still in favor of the final consumer or not, noting that since the beginning of the year, the Nima exchange rate has risen by about 80% , Explained: The trend in the last 6 months indicates an increase in the exchange rate of Nimai and if we see a decrease in the price of Nimai, which we hope will happen, the buyer can manage his purchase by observing the trend of material prices and buy according to real needs. A member of the board of directors of the National Association of Polymer Industries of Iran said: “This decision is 100% in favor of downstream industries and end consumers, and we can hope that in the weeks when the most fluctuations in the exchange rate occur, these fluctuations will have the least impact.” On the price of petrochemical raw materials, because the Nima dollar exchange rate is to be calculated on average with the last 3 weeks, and the emotional fluctuations of the Nima exchange rate will be broken in a week, reducing the inflammation of the final price of petrochemical raw materials and the polymer market. He added: “This decision, while preventing momentary inflammation, gives downstream industries better planning opportunities for purchases and production.”

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