Global Polymer Market News

Post date: 31/01/2016

Iran’s Minister of Industry, Mines and Trade Mohammad Reza Nematzadeh has voiced Tehran’s readiness to export petrochemical products to the African country of Swaziland.

Swaziland is a small, landlocked monarchy in southern Africa and is known for its wilderness reserves and festivals showcasing traditional Swazi culture.
Nematzadeh, speaking during a meeting with trade minister of Swaziland on the sidelines of a World Commerce Group convention in Kenya on Friday, said Iran can export petrochemicals as well as pharmaceuticals to African countries including Swaziland.

“... Read more

Post date: 30/01/2016

The IHS US GDP Tracker accurately estimated the advance report of fourth quarter U.S. GDP, IHS Inc. (NYSE: IHS), the leading global source of critical information and insight, announced today.

As expected by IHS, the pace of the U.S. recovery slowed sharply in the fourth quarter of 2015. After increasing at a 2.0 percent annual rate in the third quarter of last year, real GDP rose at a very meager 0.7 percent rate in the last three months of 2015. This was exactly what the IHS US GDP Tracker had estimated.

The IHS US GDP tracking model system, powered by... Read more

Post date: 30/01/2016

Oil prices have stabilized somewhat around the $60 per barrel mark, and over the past few weeks oil has shown less volatility than what we have grown used to in the preceding six or seven months. Emad Honarparvar, CEO of Modiran Trading says: "Iran and Saudi Arabia continue to contradict in benefits from new oil prices, and this is not only about economics."
Oil Products like Bitumen, Base oil, Fuel Oil etc are also influenced strongly by the new rates and face a sharp drop. "for many Iranian merchants, new oil price, which caused higher USD to Rial rate as well, resulted in more... Read more

Post date: 30/01/2016

Oil products market in Iran is extremely affected by upcoming new year's holidays. According to the projections made this week due to increased demand and making some limitations on land transport, the prices of raw material have increased by $ 5 in average per Metric Ton.
This is the last week of Iranian year and with the start of Norouz (New Year), we will face some problems in transit port for at least 10 days.
However, we will try to serve all of our customers during the vacations.

Post date: 30/01/2016

Have you been confused by different types of Bitumen traded and used in industry? refined bitumen, Viscos Bitumen, Natural Tar (Bitumen), Cut back, Oxidised Bitumen, Emulsion etc...??!

 

let's see what are these different types of Bitumen, but I need to discuss each one in single posts! this time let me tell you about Cut Back Bitumen:

Refined or Penetration Bitumen is what we know mostly for famous grades of 60/70, 85/100 etc this is the most traded bitumen. in Iran Jey refinery and Pasargad refineries (6 plants) are the most known suppliers. what... Read more

Post date: 30/01/2016

The Iran and 5+1 talks firstly caused Oil Prices Drop Amid 'Excitement' Over End to Iran Sanctions couple of days ago, but later the market backed off due to slow resume of Iran's return to production. These are heated transient reactions by market observers not the steady state of world scale economy.
Traders are taking heart in projections by oil analysts that it would take Iran many months to ramp up its oil exports significantly. They believe the terms of the negotiations and years of under-investment would leave Iran coming up with no more than 500,000 bpd at the end of the year... Read more