Economy, Business And Markets

IME Saturday Report

IME Saturday ReportIME Saturday Report

Close to 26,228 tons of different commodities were offered by local petrochemical complexes on the Iran Mercantile Exchange (IME)’s oil and petrochemical trading floor on Saturday. According to IME public relations, Epoxy resin, styrene monomer, nitric acid, heavy aromatic, ammonium, paraxylene, polyethylene terephthalate for textile, high density polyethylene, poly butadiene rubber, polypropylene, poly vinyl chloride, and caustic soda were among the chief commodities put up on the floor’s board. Moreover, 45,300 tons of various grades of bitumen, 20,000 tons of lube-cut oil, and 18,000 tons of vacuum bottoms were offered on the same floor.

The export trading floor featured 30,000 tons of bitumen offered by Jey Oil Refining Company, 4,000 tons bitumen by Tabriz Oil Refining Company, and 450 tons of bitumen MC-3000.

Elsewhere, the agricultural trading floor witnessed the offering of 3,000 tons of soybean meal, 30 tons of rapeseed, 200 tons of cube sugar with the base price of 18,700 rials per kg, 28,450 tons of chickpea, 1,000 tons of durum wheat, 5,370 tons of corn, and 1,110 tons of rice.

All in all, 188,000 tons of various commodities were offered in the IME’s spot market.

 Invest-2015 Int’l Fair

The Iran Mercantile Exchange (IME) took part in the 2-day Invest-2015 international fair in Germany, which started on April 17. Various companies including BaFin – the Federal Financial Supervisory Authority in Germany, and XECURIS GmbH & Co. KG – a leading company active in financial software and hardware, expressed their interest to collaborate with the IME.

The leading trade fair is one of the largest such events in Germany and covers all financial topics. Exhibitors meet up there with private investors, bank consultants, asset managers, brokers and service providers from the financial world. The exhibition offers concentrated know-how and a top-class exchange of experiences with well-known financial experts.

The IME is gearing up to promote its role in international markets through introducing sales and purchasing benefits of commodities like metals, petrochemicals, and agricultural products. The core policy is attracting foreign investors, traders, and customers to bring in their cash into one of the most pivotal commodities markets in the Middle East.