In this article, we will analyze the Wataniya bitumen grades and the

global market fluctuations. Generally, one of the most important effects

of the price of black gold on Iranian markets is the stock market, which

can directly or indirectly affect the performance and profitability of different industries and groups, and consequently the stock price in various

market symbols and ultimately the overall stock market index. In particular, the major companies and industries that index the Iranian stock market are

oil companies that have a large impact on the movement of the index with a

high volume of transactions. This effect, especially on the share price index

of refining and petrochemical companies, is higher than other companies

in the stock market due to its high dependence on oil and its

direct impact on prices and fluctuations.

Wataniya bitumen 60/70

The Impact of World Oil Prices on Wataniya bitumen grades

As a matter of fact, the industries active in Iran’s energy sector indeed

benefit from the fixed and domestic prices of oil prices that are fixed

by the government, and world prices cannot have much impact on

performing these industries, but the export-oriented refining and

petrochemical industries pay attention. It leads to global oil prices

in international markets, which can affect the stock value of these industries.

Of course, the impact of Iran’s exchange rate on revenue generation and

changes in the share price of refineries and petrochemicals should not be ignored. Given that these companies can sell the currency generated by their exports

in the Iranian open market, so we can consider the price fluctuations of

the dollar an important factor in increasing or decreasing the

share of refineries and petrochemicals.

As seen from the charts above, the comparison of global oil price movements

and the index of petroleum products over the last 5 years does not show

a significant and direct relationship and the experts believed that the impact

of oil price fluctuations in global markets with delays on refining and petrochemical products is effective, while the greatest effect of oil price

growth is because of foreign exchange earnings from exports,

which will be effective if proper management of foreign exchange resources.

The value of refineries and petrochemicals & Wataniya bitumen grades

It’s worth mentioning that petroleum products account for about 6% of

the market value and petrochemical products for about 19% of the market value. The market value of refineries is about 331,937 billion tomans, of which

250,435 billion tomans belong to the symbols of Shebandar, Shabriz, Shatran

and Shepna, ie 75% of the total market value of refineries are the

four mentioned symbols.

In sum, they related the most accumulated capital and profit among the

four symbols of refineries to Shepna and the highest market value is in

Bandar Abbas Oil Refinery. Since Isfahan Oil Refinery has the highest

capital among other refineries, it has a market share

and a share of a wider industry.

 

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