Economy, Business And Markets

IME Plays Host to 100KT of Iron Ore

IME Plays Host to 100KT of Iron OreIME Plays Host to 100KT of Iron Ore

Close to 100,000 tons of iron ore were offered by Sangan Iron Ore Mines at the base price of $17 per ton on Iran Mercantile Exchange’s export trading floor on Wednesday.

Sangan Iron Ore is a division of Iranian Mines & Mining Industries Development & Renovation Organization engaged in mining of iron ore in Sangan district located in Khaf County of northeastern Khorasan Razavi Province.

As the IME reported, 25,650 tons of various grades of bitumen and 120 tons of roof insulation were offered on the export trading floor.

The oil and petrochemical trading floor played host to 69,450 tons of various grades of bitumen, 29,020 tons of vacuum bottoms, 20,806 tons of chemicals, 1,000 tons of sulfur lumps and 280 tons of liquidated argon gas.

Elsewhere, the agricultural trading floor featured 11,000 tons of white sugar, 9,000 tons of corn, 4,000 tons of durum wheat and 2,605 tons of rice.

The industrial and mining trading floor registered the offering of 3,300 tons of mixed rebar bundles priced at 14,600 rials per kg.

Overall, about 277,000 tons of commodities were supplied in IME’s spot market on Wednesday.