Iran may consume 1.7mn polyolefins in 2010-11 fiscal
Petro Chemical | 2011-03-11 06:49:09
Iran is likely to consume 1.7 million mt of polyolefins during the Persian fiscal year 2010-11, which closes on March 21, up 8% from a year earlier, financial information provider Business Monitor International said in a report released Wednesday
By Paul Ploumis
DUBAI (Scrap monster): Iran is likely to consume 1.7 million mt of polyolefins during the Persian fiscal year 2010-11, which closes on March 21, up 8% from a year earlier, financial information provider Business Monitor International said in a report released Wednesday.
The country would still face overcapacity as it finds it increasingly difficult to export cargoes in the wake of US-led sanctions, BMI said.
Meanwhile, international sanctions have limited market growth in Iran, particularly in the petrochemicals-intensive automotive and electronics segments where investment has been severely curtailed, platts.com reported.
