The chemical products sector, which includes 76 listed companies, is
one of the largest segments of Iran’s capital market, with 14 firms ranking
among the top 50 listed companies by size, the SEO said.
Data from the SEO’s industry monitoring and issuer ranking department
showed that several companies recorded sharp changes in monthly sales compared
with October.
Bouali Sina Petrochemical posted the strongest growth, with sales up
121% to 82.44 trillion rials from 37.23 trillion rials. The increase was driven
mainly by domestic and export sales of heavy cuts newly added to the product
mix, as well as a 268% rise in domestic sales volumes of raffinate despite a 3%
price decline. Lower feedstock prices and eased energy constraints also
supported more stable sales, the report said.
Pars Petrochemical reported an 80% increase in sales to 82.26 trillion
rials. Styrene monomer accounted for the largest contribution, with sales
volumes up 271% despite a 10% price drop, followed by ethane, whose domestic
sales volumes rose 263%.
Kermanshah Petrochemical (Shakbir) saw sales rise 21% to 62.89
trillion rials, led by a 176% jump in low-density polyethylene volumes. Linear
low-density polyethylene sales also increased, supported by a 13% price rise
and a 15% increase in volumes, while domestic propylene sales volumes climbed
50%.
By contrast, Shiraz Petrochemical (Shiran) recorded a 32% fall in
sales to 17.19 trillion rials, mainly due to the removal of export alkyl
benzene from its product basket and a 65% decline in sales volumes of certain
hydrocarbon cuts.
On global markets, Brent crude prices were unchanged in November at
about $62 per barrel, while U.S. Henry Hub natural gas prices rose 17% month on
month to 12.67 cents per cubic metre, the SEO said. Methanol prices fell 13% to
$269 per tonne, while urea prices were flat at $377 per tonne. Polypropylene
prices declined 3% to $874 per tonne.