Economy, Business And Markets

500 KT of Commodities in IME Spot Market

500 KT of Commodities in IME Spot Market500 KT of Commodities in IME Spot Market

Iran Mercantile Exchange (IME) recorded a bustling trading day on Wednesday with a variety of commodities offered including 94,000 tons of agricultural products, 24,393 tons of chemicals, and more than 140,000 tons of bitumen, IME’s Public Relations and Foreign Affairs reported.

The agricultural trading floor played host to 2,410 tons of rice, 52,000 tons of corn, 4,000 tons of frozen chicken, and 15 kg of saffron.

The oil and petrochemical trading floor featured more than 24,000 tons of various chemicals offered by local petrochemical complexes. Acetic acid, terephthalic acid, linear alkyl benzene, industrial urea, diethylene glycol, carbonate sodium, mono ethylene glycol, and normal butadiene were among the commodities offered there. In addition, 50,000 tons of various grades of bitumen, 380 tons of argon gas, 600 tons of slack wax, and 25,000 tons of vacuum bottoms were put up on the floor’s board.

Meanwhile on the industrial and mining trading floor, Khuzestan Steel Company supplied 20,000 tons of slab – C, with the base price of 14,500 rials per kg. Moreover, Esfahan Steel Company offered 20,000 tons of bloom and 968 tons of mixed-rebar bundles on the same floor. Iranian Aluminum Company, for its part, offered 580 tons of billet as well as 3,300 tons of alloy ingots. The floor’s board also featured 1,600 tons of aluminum ingot 99.25-percent purity, and 500 tons of aluminum ingot 99.7-percent purity offered by Hormozgan Steel Company.

Elsewhere on the export trading floor, 89,400 tons of bitumen, 6,000 tons of sulfur slumps, and 100,000 tons of granulated iron ore, were supplied to overseas customers.

The secondary market played host to 215 tons of scrap freight cars, 80 tons of scrap metal, 40 tons of wooden sleepers and 2.3 tons of empty barrels offered by Islamic Republic of Iran Railways.

All in all, 500,000 tons of commodities were offered in the spot market on Wednesday.