EU imports of polyethylene from Iran in the first quarter rose 254% year on year to 42,494 mt, Eurostat data showed Tuesday.
Looking forward, these imports may continue to rise — restrictions on dollar transfers in Iran combined with the relative straightforwardness of euro trade with the country may be prompting Iran to start looking at petrochemicals trade with Europe, industry sources have said.
Iranian petrochemical producers are slowly trying to develop a logistics network in Europe and, also, many Middle East traders have become interested in shipping petrochemicals to Europe.
