Monthly Archives: February 2021

Naphtha Price Analysis

date: 18 February 2021 By increasing in the crude oil prices, the prices of chemical and petrochemical products, under the influence of rising prices have been increased. Also Naphtha has moved closer to the 600 $ resistance level after crossing the 520$ price range. Naphtha seems to have difficulties to reach 600$. Regarding to stability […]

Urea Price Analysis

date: 6 January 2021 Urea price has an increasing trend in 2021 by 4 USD/MT growth, it reaches to 272 USD/MT. Technically its price can reach 290USD/MT.Economically, because of decreasing demand in the Middle East and Europe, no increase is expected this week. However, noting the last Opec meeting and increasing crude oil production, positive […]

Crude Oil Price Analysis

date: 17 December 2020 Crude oil price after reaching to its 34 years supporting level (first of 1986, 10USD/barrel) increased 4 times and reached to its resistance range. If crude oil price exceeds 50 USD/barrel, it is expected to exceed 60USD/barrel. In case, the price reaches 60USD/ barrel, expected midterm and long-term price are 78 […]