The Iranian government has banned the export of petrochemical products, including polymers, as a measure to “support national production,” the Islamic Republic News Agency said on its website, quoting the country’s Consumer and Producers Protecting Agency.
The list included polyethylene, polypropylene, polyvinyl chloride and PET as part of the 50 industrial and agricultural products ‘forbidden’ for export sales.
Platts, quoting unnames sources said the ban will not apply to materials that are ready for shipment at Iranian ports but added that no new deals can be made to export these products, with immediate effect.
“About 2,700 containers of various polymers are currently waiting at the port of Bandar Abbas and are to be transported to destinations in India by IRISIL [Islamic Republic of Iran Shipping Lines]. The Iranian government officials have clarified that these cargoes will not be stopped from leaving Iran,” a Dubai-based trader was quoted as saying.
It is unclear which countries will be affected by the ban and for how long the ban will actually be in place.
Â
