Ghadir petrochemical did not declare any export price
Petrotahlil-Iran PVC market keeps downward so that BI CIF shipments were suggested about 83,500 IRR to 84,000 IRR/kg. According to petrotahlil also PVC base price by growth of 18,000 IRR reached to 66,840 IRR/kg in Iran stock exchange. Meanwhile export tender of BI and Alvand shipment to CIS countries were announced about 900USD/ton by PGPICC in current week which the final rate almost characterized by seller and purchaser agreement. Also Ghadir Petrochemical due to fulfill his previous export obligations did not announce any tender in current week. Nevertheless, mostly Iran PVC export prices were 30 USD cheaper than Navashiva CIF PVC shipment by Taiwan and Korea which their last price were about 910 USD/ton. meanwhile,in Iran market lack of Abadan PVC cause to reach the price to 14,000 IRR/kg. Although news sources report about chance of changes in PVC 70 grade production line to 57grade recently, but likely technical problems in Abadan petrochemical, postponed the change of production line. However in normal conditions price difference between 57 grade and 65 is around 10,000 IRR in Iran market, but now this shortage cause to 55,000 IRR discrepancy. Of course Ghadir petrochemical is able to produce PVC grade 57 but due to lack of catalyst supply, now is not able to produce this grade. Regarding the Korean exemption for oil purchase, some traders hope to restart orders for PVC from LG, Hanowa and Taiwan Formosa and therefore balance the PVC 57grade market.