Iran exempts select polymers, aromatics from export ban - sources

07 November 2012 08:47  [Source: ICIS news]

Asaluyeh, IranSINGAPORE (ICIS)--Iran has announced on Wednesday the exemption of certain petrochemicals like polyethylene (PE) from its proposed export ban, a source from state-owned Petrochemical Commercial Co (PCC) said.

Polyvinyl chloride (PVC), styrene monomer (SM), benzene, caustic soda, melamine and linear alkyl benzene (LAB) will also be taken out of the list of commodities on which the ban will apply, the source said, citing an official announcement from the Iran government on 7 November.

The Iranian customs is expected to receive the official letter from the government by 10 November to allow exports of the ban-exempt petrochemicals to resume.

“It doesn’t make sense that PE exports are banned. We are a major seller to Asia. Our market share will be severely affected if the ban continues,” the PCC source said.

A UAE-based polymer trader said: “We have just received the news as well. So, now it is a matter of time when the [Iranian] customs will resume the clearance of the exports again.”


Author: Ong Sheau Ling



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

ICIS news FREE TRIAL
Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index