IME Awash With Petrochemicals
Economy, Business And Markets

IME Awash With Petrochemicals

The Iran Mercantile Exchange (IME)’s oil and petrochemical trading floor featured 24,250 tons of various petrochemical commodities offered by local petrochemical complexes on Saturday trading, IME public relations reported.
Close to 24,000 tons of vacuum bottoms, 18,000 tons of lube-cut oil, 8,000 tons of various grades of bitumen, 2,000 tons of slap wax, and 1,500 tons of sulfur were also listed on the same floor.
Elsewhere, the export trading floor played host to 5,900 tons of bitumen 6070, and 200 tons of roof insulation. Iran is a main bitumen exporter in Asia and recently the offering of bitumen has been on the rise at the IME. It is expected that with the lifting of western sanctions against Iran (over its nuclear energy program) the exports will increase even more dramatically.
Only one company listed commodities on the industrial and mining trading floor. The Esfahan Steel Company offered 66 tons of mixed I-beams bundle with the base price of 17,300 rials per kg.
Furthermore, the agricultural trading floor played host to 23,000 tons of corn, 1,000 tons of soybean meal, and 170 tons of rice.
All in all, more than 108,086 tons of commodities were offered in the IME’s spot market on Saturday.


Short URL : http://goo.gl/D3Uko9

You can also read ...

How China Became Iran’s Coziest Trade Partner?
From bilateral trade to finance contracts and civil projects,...
The economy of the Islamic Republic of Iran has been tied to political and foreign affairs developments over the years.
This is the Financial Tribune’s last edition of the current...
Iranian Banking Sector Awaits Full JCPOA Benefits
Iran’s Deputy Foreign Minister Abbas Araqchi addressed various...
President Hassan Rouhani on Sunday spoke to reporters after the last Cabinet meeting of the current year.
President Hassan Rouhani on Sunday outlined his administration...
All-Out Growth in Interbank Market
The Central Bank of Iran has released its latest data on the...
Iran has more than 37 billion tons of proven mineral reserves and 57 billion tons of potential reserves.
Iran exported more than 58.09 million tons of mineral products...