Economy, Business And Markets

Scrap Metal in IME Secondary Market

Scrap Metal in IME Secondary MarketScrap Metal in IME Secondary Market

Wednesday trading at Iran Mercantile Exchange (IME) was accompanied by the offering of 227 tons of scrap metal in the secondary market by the Islamic republic of Iran Shipping Lines (IRISL), IME public relations reported.

The IME's secondary market also played host to 50 tons of Portulaca also known as Moss Roses – the type genus of the flowering plant family Portulacaceae found in the tropics and warm temperate regions.

The industrial and mining trading floor featured 130,000 tons of bloom offered by Khuzestan Steel Company. In addition, 90,000 tons of slabs C by Hormozgan Steel Company, 660 tons of I-beam by Esfahan Steel Company, and 10 kg of various gold bullions by Mouteh Gold Complex were listed on the same floor.

Elsewhere, the oil and petrochemical trading floor witnessed the offering of 12,300 tons of chemicals, 25,000 tons of vacuum bottoms, 8,000 tons of sulfur, and 380 tons of argon gas by local suppliers.

The export trading floor saw a lousy trade, with only 15,000 tons of bitumen 6070 listed on the board for export purposes.

Finally, the agricultural trading floor played host to 44,000 tons of corn and 11,465 tons of rice offered by both local and foreign suppliers, as well as 4,000 tons of wheat, 300 tons of white sugar, and 200 tons of rapeseed.

Overall, more than 392,000 tons of various commodities were listed in IME's spot market on Wednesday.