Emergency position of the polymer market

According to the World Economy: The trading volume of polymer products on the Commodity Exchange has reached its lowest level in the last seven months, while the main market forces, namely the supply and demand of polymers, have recorded a significant decrease under the risk of currency fluctuations. Last week, the trading of Boursecala polymer products was affected by the downward fluctuations of the exchange rate, which highlighted the mentality of falling rates among traders in this market. Therefore, the registered demand for the purchase of polymer products fell by more than 14% from the limit of 100,000 tons, which, in addition to lower weekly supply levels, affected the volume of trades in this market and caused a serious decline in trading volume. The fluctuation of the half price of the dollar is an internal variable in determining the base price of petrochemical products. To the extent that the weekly average base price of the dollar in the equation for detecting the price of petrochemical products under the influence of these decreasing shocks seems to even decrease.