MOSCOW (MRC) - The delivery of Iranian polycarbonate (PC) is expected to be resumed into Russia in mid-July following a two-month pause, according to ICIS-MRC Price Report.
The only PC maker in Iran, Khuzestan Petrochemical (Sirjangostar Global Group), announced continuation of cooperation with the Russian market. The first deliveries of the material were made in April this year. The converters were in no hurry to buy large batches of the polymer because of cheaper offers of Russian material.
In July, market players reported a significant shortage of PC, which helped to resume the supply of Iranian or Asian PC because of their more competitive prices (compared to the European ones). Prices of Iranian PC in the Astrakhan port is at Rb108,000/tonne. Prices for Iranian PC are lower than the Russian material, and, especially, for European one.
Representatives of Khuzestan Petrochemical (Sirjangostar Global Group) said that the producer intends to begin work with the European markets (in particular, the Italian market). The company will also sell its material in the markets of Turkey and India.
Sirjangostar Global Group is the largest exporter of Iranian polymers and the only exporter of Iranian PC in Russia.
The company recently shipped the first batches of Iranian PC to the European market for the first time after the lifting of sanctions, effective from 2010. In the near future Sirjangostar Global Group plans to occupy a niche in the Russian market.
MRC