The start of winter and the expectation of increased trading volume along with global price shocks and quota recharge are some of the things that have the potential to improve the market, but these hopes are limited by various signals, although we can be optimistic that the market will continue to improve.
The base price of MEG, DEG,TEG announced for the coming week are relatively upward, and this rate increase will ultimately be a further stimulus for the expected increase in trading volume. The rise in global prices has led to an increase in base prices in the polymer market, although this rate growth is not very prominent and will create space for buyers. Indeed the market for petrochemical products these days is accompanied by many doubts. Uncertainties related to price fluctuations that occasionally appear in one of the levers that determine the base price of petrochemical products in the stock market.
In addition to the stagflation, which has recently plunged the market into an aura of ambiguity, it has intersected with a new plan to refine demand. Hence, it injects more concerns into the markets of this market. According to this plan, the optimized quotas of petrochemical product applicants will be included in the plan from today, which will be calculated automatically from now on . A review of this week’s base prices, announced yesterday, shows that the rate of growth of this rate has been largely limited, which, for whatever reason, may be considered a stimulus to demand for the current week. In the domestic market of petrochemical products, the pricing basis of these products are the two influential variables of the world rate and the monthly average of half a dollar. Despite the volatile days of currency prices, these sharp fluctuations in currency prices have recently been limited and have reached some relative calm. For some time now, the basic prices of petrochemical raw materials in the commodity exchange have not been overshadowed by this channel. Rising raw material prices have a direct impact on the cost of production of production units. Hence it raises the cost price of the final products.
Part of this is due to price fluctuations in world markets, where the price of petrochemical raw materials in world markets has been rising steadily for some time. Of course, these positive price fluctuations have occurred in almost all commodities, and the reason for this has been the promising news of a positive corona vaccine test and the preparation of some countries to vaccinate their people.
Hence, such news has caused the price movements in various world markets in the general economies of the world, because the outbreak of the corona virus is considered to be the main factor in weakening the global economy. The quarantine situation following the outbreak of the virus has affected economic activity to a large extent, but it seems that with the discovery of the corona vaccine, phase changes have begun in commodity markets and positive price shocks confirm this.