Economy, Business And Markets

Bitumen Lures Overseas Customers to IME

Bitumen Lures Overseas Customers to IME Bitumen Lures Overseas Customers to IME

Various grades of bitumen have been listed on the export trading floor of the Iran Mercantile Exchange (IME) on an almost daily basis since the beginning of the new Iranian year, which started March 21, with almost 106,000 tons of trading recorded during the past 11 days, according to data compiled by the Financial Tribune.

Since the preliminary framework nuclear agreement was reached between Iran and the P5+1, trade volume and value for bitumen at the IME has been on the rise, with more customers circling around local bitumen suppliers.

Iran, as a leading bitumen exporter in Asia, is expected to record accelerated growth in the export of bitumen to overseas markets.

  Wednesday Trading

The export trading floor played host to 27,450 tons of bitumen for different applications, and 1,180 tons of roof insulation on Wednesday trading.

Meanwhile, close to 17,833 tons of various chemicals were offered on the oil and petrochemical trading floor, according to IME public relations. Acetic acid, ortho-xylene, sulfuric acid, linear alkyl benzene, industrial urea, benzene, isobutanol, diethanolamine, diethylene hexanol, diethylen glycol, carbonate sodium, mono ethylene glycol, and monomer vinyl acetate were among major chemicals offered there. In addition, 12,000 tons of vacuum bottoms, 3,200 tons of sulfur, and 380 tons of argon gas were offered on the same floor.

Elsewhere on the industrial and mining trading floor, Khuzestan Steel Company offered 20,000 tons of bloom, priced at 13,250 rials per kg. Also, Esfahan Steel Company supplied 10,000 tons of I-beam bundles, with the base price of 16,500 rials per kg, and 192 tons of rebar bundles.

The industrial and mining trading floor, for its part, played hosted 10 kg of gold bullions offered by Mouteh Gold Complex.

Finally, the agricultural trading floor witnessed the offering of 28,100 tons of corn, 3,065 tons of rice, 4,000 tons of durum wheat, and 200 tons of wheat bran.

Close to 282,000 tons of various commodities were listed on the board of local and export trading floors of the IME on Wednesday.