Economy, Business And Markets

Commodities Market Report

Commodities Market ReportCommodities Market Report

Traders were offered as much as 160,000 tons of different commodities at the Iran Mercantile Exchange (IME) on Wednesday. At the hard commodities trading floor, Khuzestan Steel Company offered 40,000 tons of blooms at 15,400 rials ($0.58) per kilogram. Esfahan Steel Company offered 4,000 tons of iron rods A3-25, 28, and 32. In addition, 1,150 tons of iron rods A3-18, 28 were offered for trade by Iran Alloy Steel Company. Energy companies captured the lion’s share of the volume of commodities during the day when they offered 112,000 tons of commodities including bitumen, Acetic acid, Terephthalic acid, and Sulfuric acid. Traders at the soft commodities trading hall offered 1,400 tons of commodities including durum, Indian canola meal flakes, and sugar.