News

polymer products

Supply growth of polymer products in Iran Commodity Exchange

Supply growth of polymer products in Iran Commodity Exchange
The supply of polymer raw materials increased in the first week of December. According to the NIPNA, 85 thousand and 721 tons of these products were offered in the commodity exchange, which had growth of 2.88% compared to the last week of November although this was the most increasing supply volume for the last 9 weeks and approached the average supply of the first six months of this year, the trading volume was not acceptable.
The supply of polymer raw materials increased in the first week of December.
According to the NIPNA, 85 thousand and 721 tons of these products were offered in the Iran Commodity Exchange, which had growth of 2.88% compared to the last week of November although this was the most increasing supply volume for the last 9 weeks and approached the average supply of the first six months of this year, the trading volume was not acceptable.
Last week, 46,636 tons of polymer materials were traded with 6.42 percent of growth.
Despite that the volume of transactions in the first week of December was the highest in the last two weeks, this growth rate is not high enough to be considered as a stimulus to get out of the recession in the market. Last week's trading volume is still a long way from the average of the first 6 months of this year, which was recorded at 67,923 tons, which cannot be ignored.
The lack of demand has had a significant impact on trading volume in the market. Demand was recorded at 75,044 tons against last week's supply, which shows a growth of 23% compared to the previous week's demand although this was the highest amount in the last two weeks, it shows that buyers are more careful and cautious to put an order.
Finally, 54.40% of the supply was traded during the last week, although it had a limited growth compared to the previous two weeks, is still far from the average of the first half of the year.
Chemical products didn’t experience a good trading condition either. A 19 percent decrease in trade volume of these products led to 24,137 tons of transactions which is an unprecedented figure this year.
Last week, 40,933 tons of various chemical products were offered on the commodity exchange, which indicates a growth of 6.7 percent and caused 27,483 tons of demands. The figure of demand represents the 22 percent decrease compared to the last week of November.
59 percent of last week’s supply was traded which was the lowest amount since 30 April.
Nov 29, 2020 17:45
https://www.nipna.ir/ |
Number of visit : 139

Comments

Sender name is required
Email is required
Characters left: 500
Comment is required

Be with us in social media: