BAKU, Azerbaijan, September 24. The value of petrochemical products traded on Iran's stock exchanges (IRENEX, Mercantile) amounted to 32.6 trillion rials (about $73.7 million) during the fifth month of the current Iranian year (from July 22 through August 21, 2024).
The data obtained by Trend from the country's National Company of Petrochemical Industries (NCPCI) shows that petrochemical products worth 124 trillion rials (about $280 million) were put up for sale on Iranian stock exchanges for the fifth month. About 38 percent of the products put up for sale were realized in value terms.
However, during the five months (from March 20 through August 21, 2024), 460 trillion rials (about $1.04 billion) worth of petrochemical products were sold in Iranian stock exchanges.
Meanwhile, a total of 70 trillion rials (about $158 million) worth of petrochemical products were traded during the fifth month of the last Iranian year (from July 23 through August 22, 2023).
Iran's National Company for Petrochemical Industries states that one of the main objectives is to provide petrochemicals to the country's enterprises for the production of various products. At the same time, emphasis is placed on trading petrochemical products on stock exchanges (energy and mercantile exchanges).
According to data from Iran, the current annual sales volume of petrochemical products in the country is 40 million tons worth $27 billion.
To note, Iran's petrochemical production potential was 95 million tons at the end of last year. Iran claims that in the current year (from March 20, 2024, through March 20, 2025), its petrochemical production potential will increase by five million tons to 100 million tons.