The National Petrochemical Company, as one of the key players in Iran's petrochemical industry, offered over 945,000 tons of petrochemical products on credit in the first half of the current year, of which 507,704 tons were traded. Overall, total offerings during this period exceeded 3 million tons, indicating the extensive activities of this company in the petrochemical market.
Challenges and Solutions in Downstream Industries
Based on the diagnosis of production obstacles in downstream industries, securing liquidity and working capital have been identified as two main challenges for the players in these industries. In this regard, the National Petrochemical Company has decided to increase the credit sales of petrochemical products in the commodity and energy exchange. This action aims to boost production units and facilitate the supply of feedstock needed for downstream industries in order to complete the value chain.
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Economic and Social Impacts of Increased Credit Sales
The development and strengthening of downstream industries in alignment with the completion of the petrochemical value chain will have significant impacts on meeting domestic needs, preventing raw material sales, and also creating jobs. These actions will not only contribute to the economic growth of the country but will also enhance Iran's position in regional and global markets. Additionally, increasing credit sales to facilitate access to raw materials can also benefit small and medium-sized enterprises and help boost this sector.
Considering the current conditions of the petrochemical industry, which is affected by challenges arising from sanctions and unfair attacks, the National Petrochemical Company is striving to encourage petrochemical companies to offer products on credit, to assist in the balanced development of the industry and complete the value chain. This strategy can significantly help stabilize the position of the petrochemical industry and increase Iran's share in the global market.
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