IRAN PET MARKET TRENDS

Petrotahlil:While the rate of PET bottle grade  in Iran market at last week of the year reached to 220,000 IRR /Kg that in IME competition for bottle grade  purchase after so high increase up  to 220,000 IRR/Kg reached to 150,000 IRR this week. it seems increasing supply up to 2,000 tons, deleting some trading code, and Published News about Nouri  Petrochemical return to production line of para xylene after a long overhaul,  are reasons for decreasing rate of bottle grade  in Iran market. However, by increasing production of para xylene in Nouri Petrochemical, There is a possibility of increasing production of bottle grade  and falling prices in the Iranian market.