IME Launching Retail Cement Trade

After offering cement in the spot market for the first time in May, the Iran Mercantile Exchange plans to launch cement-based certificate of deposits (CD) for retailers.
In a talk with IRIB, Alireza Naser-Pour, the IME deputy head for market development, said cement so far is traded wholesale in the commodity market.
“To enable retail buyers to participate in cement trade,  cement-based CDs will become operational this week,” he was quoted as saying.
IME is a commodities exchange in Tehran founded in 2006 to handle deals in farm, industrial and petrochemical products in the spot and futures markets.