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Irans PE, PP demand forecast to grow 7-8% to 1.7m tonnes

November 05/2010

(ICIS) -- Polyolefin consumption in Iran is expected to hit 1.7m tonnes in March next year, translating into an annual growth of 7-8%, industry sources said on Friday. Polyethylene (PE) would account for the bulk of total at 1.09m tonnes, while polypropylene (PP) consumption would total 630,000 tonnes at the end of Irans fiscal year on 21 March 2011, they said.

Demand would have been stronger, with growth possibly in the 20% level, if not for the international sanctions on Iran, said an industry sources. The sanctions had slowed down investments into Iran's automotive and electronics - the key downstream for polyolefins.

Irans projected domestic consumption in the current year was about 45% of the countrys polyolefin production capacity at 3.8m tonnes/year. The country has around 2.8m tonne/year nameplate capacity for PE and can produce 1m tonnes/year of PP, according to ICIS data. But plants were not running at full capacity due to production hiccups.

Among the high density PE (HDPE) grades, film grade had the strongest growth, with consumption volumes estimated to hit 210,000 tonnes in the current year, industry sources said. This demand would entirely be met by local supply, as Iran enjoys surplus production of HDPE.


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