Joint Session of Iranian Association of PE Pipe & Fitting Producers (IPPFA), and the Managers of Iran Mercantile Exchange (IME)

Joint Session of Iranian Association of PE Pipe & Fitting Producers (IPPFA), and the Managers of Iran Mercantile Exchange (IME)

According to its Public Relations Office, on Oct 4, 2017, the President, Vice-President, Secretary and a member of the Board of Directors of IPPFA had a meeting at IME’s Head Office with the officials of this organization.
In this meeting, the authorities of IME presented the statistics related to the first six months of the year and emphasized on the fidelity of supply and the EX3 exchange trends, which was confirmed by the IPPFA’s officials.
In addition, during the course of this meeting, while outlining the problems faced by those involved in this industry (including the damage caused by non-delivery of materials, which results in the government's confiscation of manufacturers' guarantee), IPPFA demanded the petrochemical corporations to supply 7,000 tons of the required materials on a weekly basis.
In order to recover from the existing situation, both parties agreed upon the continuous local provision of 7,000 tons of PE100 and PE80 raw materials. In this regard, they discussed different ways of regulating the supply of these materials in the stock market, specifically focused on long-term contracts.
Finally, it was also decided for an intensive cooperation on improving the demand side in the Behinyab System.

  • 2/3/2018
  • 110

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