"Iran Petrochemicals Report Q4 2014" now available at Fast Market Research

A further easing of international sanctions w ill be a major boost to the Iranian petrochemicals industry, which has borne the brunt of the international sanctions regime. However, BMI's latest Iran Petrochemicals Report foresees infrastructural challenges to remain major impediments to growth even if sanctions are eased.

Following the suspension of some sanctions imposed by the US and EU in H114, Iran's petrochemical sector has yet to feel its benefits. The industry will need improved access to European markets and be able to procure the spare parts necessary to repair domestic facilities. Banks in Europe continued to refuse to clear petrochemical transactions originating in Iran amid fears of legal repercussions from the US and a lack of clarity. Compounding the problem is the difficulty in finding insurance covers for the Iranian cargoes.

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With no markets to absorb Iranian production, a number of petrochemical companies in Iran are keeping low run rates at their facilities so as not to incur losses. Some plants are unable to increase capacity utilisation due to a lack of spare parts. Iranian petrochemicals exports, particularly polyethylene, are largely destined for China. This requires a cut in prices by at least USD50 per tonne, although this has been assisted by the sharp depreciation of the Iranian rial. However, the rial has recovered from a low of IRR40,000/USD in Q113 to around IRR25,000/USD in Q214 amid optimism over the eventual lifting of sanctions.

* The Indian government is planning to invest in both the Iranshahr and Chabahar petrochemical sites in the Sistan and Baluchestan province of Iran, according to National Petrochemical Company (NPC)'s deputy director. Two Indian state-run fertilizer companies are seeking Iranian partners for proposed urea joint venture to capitalise on low gas prices in Iran for producing the commodity. The proposed project is expected to cost an estimated INR70bn (USD1.16bn), according to two officials...

The Iran Petrochemicals Report has been researched at source, and features Business Monitor International (BMI)'s market assessment and independent forecasts for key petrochemicals sub-sectors. The report also analyses the impact of regulatory changes, recent developments and the background macroeconomic outlook and features competitive landscapes comparing companies by products and services, sales, market share, investments, projects, partners and expansion strategies.

BMI's Iran Petrochemicals Report provides industry professionals and strategists, sector analysts, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Iranian petrochemicals industry.

Key Benefits

* Benchmark BMI's independent petrochemicals industry forecasts to test other views - a key input for successful budgetary and planning in the Iranian petrochemicals market.

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