The sector, comprising 73 listed firms, remains one of the largest
segments of Iran’s capital market, with 15 companies ranked among the
exchange’s top 50 by size, the industry data office said.
Mixed performance among major companies
Among selected companies, six recorded monthly sales changes exceeding
20%.
Shares in Shiraz Petrochemical (“Shiraz”) posted the strongest
growth, with sales rising 36% month-on-month to 6.27 trillion rials. The
increase was driven primarily by bulk urea exports, supported by higher global
demand and a stronger U.S. dollar, the report said.
Jam Polypropylene (“Jam-Pilen”) reported a 26% rise in sales to
3.03 trillion rials, reflecting higher polypropylene granule prices and
volumes.
Arya Sasol Polymer (“Arya”) recorded a 25% increase to 7.44
trillion rials. Export ethylene sales surged, aided by price gains and a sharp
rise in volumes, while domestic ethylene prices also climbed.
Sales at Pars Petrochemical (“Pars”) rose 24% to 14.45 trillion
rials, led by higher domestic styrene monomer prices and volumes, alongside
price growth for ethane.
On the downside, Khorasan Petrochemical (“Khorasan”) saw sales
drop 61% to 0.86 trillion rials. Despite higher urea prices, export volumes
fell sharply due to gas supply disruptions that halted parts of production.
Kermanshah Petrochemical (“Kermasha”) reported a 96% plunge in sales to
0.12 trillion rials after bulk urea exports were removed from its January sales
basket, with bagged export volumes also declining amid gas outages.
Global commodity trends
The report showed Brent crude prices rose 7% during the month to $64
per barrel. Methanol prices gained 3% to $298 per tonne, while urea increased
4% to $402 per tonne. Polypropylene prices edged up 3% to $871 per tonne.
U.S. Henry Hub natural gas prices fell 25% month-on-month to 11.78
cents per cubic metre.
Analysts say sales performance in Iran’s petrochemical sector
continues to be influenced by feedstock availability, currency movements and
global commodity price trends.