TEHRAN (FNA)- The National Petrochemical Company wants feedstock pricing based on the Persian Gulf FOB, a deputy head of the company said on Sunday.
“NPC’s proposal is that the feedstock price becomes realistic and to be supplied based on the Persian Gulf FOB,” Mohammad Hassan Peyvandi said.
He added that the supply and demand mechanism should set the basis for feedstock prices.
“The price for feedstock [fed into petrochemical plants] has not yet been finalized,” he said.
“From an economic point of view, supply and demand should set the price and any pricing based on the market conditions will benefit the petrochemical industry,” he said.
Peyvandi said the petrochemical feedstock prices play the most important role in attracting investment and developing petrochemical industry.
He said urea and methanol, both strategic petrochemical products derived from methane, need to have realistic prices so that competition in the market would be healthy.
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