In a statement reported by NIPNA, NPC’s downstream development
management division revealed that 117 trillion rials worth of petrochemical
products were offered on commodity exchanges in December. This is a significant
rise from the 75 trillion rials recorded in December 2023.
A total of 658,505 tons of petrochemical products were supplied during
the month, with 257,511 tons offered on credit, accounting for 39% of the total
supply. Of this, 110,002 tons were successfully traded on a credit basis.
The report highlighted cash flow and working capital constraints as
major challenges for downstream petrochemical producers seeking raw materials.
To address these barriers, NPC has prioritized credit-based sales of
petrochemical products through commodity and energy exchanges, leveraging the
full capacity of petrochemical firms. This initiative aims to boost production,
streamline feedstock procurement for downstream industries, and complete the
value chain.
“Strengthening and expanding downstream petrochemical industries is
not only aligned with completing the petrochemical value chain but also helps
meet domestic demand, curb raw material exports, and reduce reliance on
imports. This strategy contributes significantly to foreign currency earnings,
economic growth, and Iran's regional and global standing,” the NPC said.
NPC emphasized that it will continue encouraging petrochemical firms
to expand credit-based sales, viewing it as a strategic approach to achieving
balanced growth in the industry and supporting the broader value chain.