27 November 2012 07:56 [Source: ICIS news]
DUBAI (ICIS)--Polyethylene (PE) makers based in Iran were informed by government authorities on Tuesday morning to obtain new export licences for the dispatch of material, market sources said.
Previously, Iranian PE producers were able to resume exports after they had their export status reinstated in the week of 24 November.
However, a new set of regulations were implemented on Tuesday morning, they said.
“The export licence we received last week was only for the cargoes which have been cleared by the customs prior to the news of the export ban,” a source from Mehr Petrochemical said, adding that they now have to get a new licence for any new dispatch of cargoes.
Mehr has about 8,000 tonnes of high density PE (HDPE) film at the Asaluyeh port, which is a higher-than-usual volume.
Besides Mehr, other PE producers whose plants are in Asaluyeh and Bandar Imam are also facing rising stock levels at the ports because of their inability to dispatch the cargoes.
“The procedure to export is getting complicated. All in all, the government has to be assured that the domestic market is covered with sufficient PE resins, before allowing the producers to export the remainder,” a separate Iranian maker said.
“Every day the regulation is changing. We have to monitor the situation. At least now we are sure that there will not be any substantial exports for this week,” a third Iranian producer said.
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.
|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|
Asian Chemical Connections