Economy, Business And Markets

Bitumen Reigns IME Export Trading Floor

Bitumen Reigns IME Export Trading Floor
Bitumen Reigns IME Export Trading Floor

The Iran Mercantile Exchange (IME)’s export trading floor played host to 261,650 tons of bitumen of various grades, offered by local suppliers on Tuesday trading, IME public relations reported.

Bitumen has been offered almost on a daily basis for both local and international customers, and the pace has intensified with Iran and the P5+1 announcing the preliminary framework nuclear deal on April 2. Iran as a leading bitumen supplier in Asia is turning to a country where it is being referred to for bitumen price reference in the region.

The oil and petrochemical trading floor witnessed the offering of 50,908 tons of various polymers by local petrochemical complexes. Moreover, 35,100 tons of bitumen, 21,000 tons of vacuum bottoms, and 2,000 tons of granulated sulfur were offered there.

The industrial and mining trading floor recorded a lousy trade, with Esfahan Steel Company offering 726 tons of rebar A3 and 20.

Elsewhere, the agricultural trading floor featured 31,885 tons of corn, 21,230 tons of rice, 1,000 tons of soybean meal, 200 tons of white sugar, and 150 tons of animal feed offered by local suppliers.

Furthermore, Islamic Republic of Iran Railways offered 400 tons of metal scrap on the IME’s secondary market.

Overall, around 447,000 tons of a variety of commodities was offered both to local and foreign customers on IME’s trading floors.