Economy, Business And Markets

Bustling Trade at IME

Bustling Trade at IMEBustling Trade at IME

Close to 257,000 tons of various commodities were put up on the boards of Iran Mercantile Exchange (IME)’s spot and secondary markets during Monday trading, IME’s Public Relations and Foreign Affairs reported.

The export trading floor featured 100,000 tons of pelletized iron ore, with the base price of $29 per ton offered by Iranian Central Plateau Iron ore Mines Complex. In addition, 2,100 tons of bitumen 6070 was offered by local suppliers to be traded in overseas markets.

According to the report, the industrial and mining trading floor played host to 13,200 tons of mixed rebar bundles, priced at 15,350 rials per kg and supplied by Kavir Steel Company. Furthermore, Esfahan Steel Company offered 8,536 tons of mixed rebar bundles. The floor also played host to 12 tons of precious metal concentrates offered by the National Iranian Copper Industries Company.

The bustling Monday trading at the IME was also accompanied by the offering of 23,210 tons of chickpea on the agricultural trading floor by various suppliers from different provinces. Moreover, 1,200 tons of frozen chicken offered by local suppliers, 200 tons of cubic sugar and 1,000 tons of corn were supplied on the same floor.

The oil and petrochemical trading floor played host to 21,345 tons of 34 grades of polymers, supplied by local petrochemical complexes. A variety of polypropylene, polyethylene, and polystyrene were among other commodities supplied on the floor. In addition, 58,850 tons of various grades of bitumen, 10,000 tons of vacuum bottoms, 5,000 tons of lube-cut oil, and 1,500 tons of sulfur were up for grabs on the agricultural floor.