The NPC’s Downstream Industries Development Management said 15.2
trillion rials of petrochemical products were offered through Iran’s commodity
exchanges during the month, with a significant portion sold under credit terms
to ease financing constraints faced by manufacturers.
Total petrochemical supply in November reached 728,201 tonnes, of
which 216,288 tonnes – about 30% – were offered on credit. Actual credit-based
transactions amounted to 83,364 tonnes.
The expansion of credit sales follows an assessment by the NPC that
identified access to liquidity and working capital as one of the main
challenges for downstream petrochemical producers seeking to purchase raw
materials.
As a result, increasing credit-based sales of petrochemical products
on the Iran Mercantile Exchange and the Iran Energy Exchange has been
prioritised as a strategy to support production units, facilitate feedstock
supply and advance value-chain development.
Strengthening downstream industries in line with upstream
petrochemical expansion is seen as key to reducing raw material exports,
curbing imports, creating jobs and boosting non-oil revenues, while enhancing
Iran’s regional and global industrial position.
The NPC said it is encouraging petrochemical producers to further
expand credit sales, aiming to support balanced growth across the sector and
accelerate completion of the petrochemical value chain.