Fundamental analysis by پاراگراف‌ about Stock پترول on 2/23/2025

Competition in Styrene Pars? Styrene's production is about 600 to 650,000 tons, of which 540,000 tons are supplied by Pars Petrochemical. Currently, the capacity of Styrene's downstream units is more than one million tons, which work under the capacity due to Styrene's deficiency. Styrene's supply and demand will get worse next year. With the launch of the ABS Jam project, about 100,000 tonnes will be added to Styrene's demand, which was likely to operate less than capacity due to heavy investment. The SBR Petrol design also generates about 14,000 tonnes of real demand. So we expect to face Styrene's serious deficits in the next one or two years. This deficit can lead to Styrene's competition in the commodity exchange. Compensation for a deficit from the import site? The potential route was that at the beginning of the work, the deficit led to a great price growth and then the authorities realized a problem. If the experience gained in the import of "Pat" (Shogvia product) is used, the market balance will be made from the import path. How much was the balance price? Given that Styrene Monomer is a liquid, its import and domestic transport costs about $ 50 to $ 100 surplus. Therefore, at the worst case, the price of the stock exchange will be at least 10 % competition. Effect on profitability: If Styrene's price rises $ 100, the company's profit would be $ 55 million, equivalent to a 15 percent increase in net profit. @rezayatee