Economy, Business And Markets

NICIC Products Dominate

NICIC Products DominateNICIC Products Dominate

The National Iranian Copper Industries Company (NICIC) offered various types of commodities at the Iran Mercantile Exchange (IME) on Sunday trading. According to IME public relations, 4,000 tons of copper cathode, with the base price of 193,815 rials per kg, 3,500 tons of copper wire, priced at 200,953 rials per kg, 30,000 tons of low-grade copper, 100 tons of molybdenum sulfur, and 12 tons of precious metals concentrate were supplied by the NICIC on the IME’s industrial and mining trading floor. In addition, 270 tons of copper wire by World Copper Company, with the base price of 201,503 rials per kg, and 3,300 tons of rebar bundles A3, 16 and 20, priced at 14,500 rials per kg were listed on the same floor. The oil and petrochemical trading floor recorded the offering of 35,300 tons of various grades bitumen, 18,000 tons of vacuum bottoms, 7,700 tons of sulfur, and 3,800 tons of petrochemicals offered by local petrochemical complexes. Elsewhere, close to 2,600 tons of bitumen 6070 was offered on the export trading floor. Finally, the agricultural trading floor played host to 34,500 tons of corn, 1,000 tons of rice, 1,000 tons of soybean meal, and 500 tons of rapeseed. Overall, around 163,000 tons of various commodities were listed in the IME’s spot market on Sunday trading.