Economy, Business And Markets

Polymers Dominate IME

Polymers Dominate IMEPolymers Dominate IME

Around 43 grades of polymers were offered on the oil and petrochemical trading floor of the Iran Mercantile Exchange (IME) on Tuesday trading.

According to IME public relations, the floor played host to 48,204 tons of various polymers from local petrochemical complexes, including Arvand Petrochemical Company, Amir Kabir Petrochemical Company, Abadan Petrochemical Company, Jam Petrochemical Company and Bandar Imam Petrochemical Company. Styrene butadiene rubber, acrylonitrile butadiene styrene, polyethylene terephthalate, high and low density polyethylene, polystyrene, polycarbonate, and PVC were among the major polymers offered there. In addition, Jey Oil Refining Company supplied 48,300 tons of various grades bitumen along with 7,000 tons of vacuum bottom, and 8,000 tons of sulfur.

The export trading floor, for its part, had a relatively bustling trading day, with almost 10,000 tons of sulfur lumps, priced at $100 per ton, 104,250 tons of bitumen, and 200 tons of roof insulation offered to potential customers in overseas markets.

Elsewhere, the industrial and mining trading floor recorded the offering of only 100 tons of zinc alloy 99.98-percent purity, by Zanjan Khales Sazan Zinc Industries Company.

And the agricultural trading floor featured 20 tons of wheat bran from Kazakhstan, 200 tons of wheat grain from Turkmenistan, 505 tons of Russian barely, 200 tons of local canola, 200 tons of corn and 3,065 tons of rice.

Meanwhile, 94 tons of scrap metals was offered by Iranian Mines & Mineral Industries Commercial Company in the secondary market.

Overall, more than 271,000 tons of different commodities were put on the board of the IME’s spot market on Tuesday.