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Iran sanctions turn polyolefins supply tight in 2012
20
Mar '13
Polyolefins prices increased in line with the crude oil prices. But trading slowed down across the global markets despitethe economic stimulus measures.

Many buyers and converters bought only enough for production. However, supply in 2012 was tight due to more stringent sanctions placed on Iran.

Other factors included many polyolefins plants were shutdown due to technical difficulties, as well as port congestion problems in Saudi Arabia.

To summarize, prices in 2012 for HDPE, LLDPE, and LDPE products were an average of 1,380, 1,354, and 1,362 USD per ton respectively.

PPTGC Group

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