Economy, Business And Markets

Polymers Steal IME Limelight

Polymers Steal IME LimelightPolymers Steal IME Limelight

Tuesday trading at Iran Mercantile Exchange saw the offering of 36 grades of polymers in the spot market, IME public relations reported.

Close to 53,299 tons of different polymers, including Styrene butadiene rubber, polyethylene terephthalate, high and low density polyethylene, variety types of polypropylene and poly vinyl chloride from local petrochemical complexes were put up on the board of the oil and petrochemical trading floor, which also played host to 50,000 tons of vacuum bottoms, 32,300 tons of bitumen, 9,000 tons of lube-cut oil, and 4,000 tons of sulfur.

The export trading floor featured 168,620 tons of bitumen supplied by Pasargad Oil Company, Black Gold Trading Company, RK Refining and Energy Company, Esfahan Bitumen, Hormozan Oil Industrial Company, and Petro Tar Kimia Company for export purposes.

Elsewhere, the agricultural trading floor played host to 21,655 tons of corn, 1,715 tons of rice, 350 tons of white sugar, 350 tons of barley, and 55 tons of soybean flake.

Overall, close to 341,194 tons of various goods were offered at IME’s spot market on Tuesday trading.

“More than 123,300 tons of corn has been sold through the IME since April 21, which indicates a dramatic surge in trade volume compared with 1,670 tons during the same period last year,” SENA quoted head of Bahonar Brokerage, Mahmoud Hosseini, as saying.

“The IME is the best place for price discovering. Relevant officials should adopt policies to eliminate middlemen in order to help suppliers earn more profits,” he added.