Oil, Petrochemical Floor Steals IME Limelight
Economy, Business And Markets

Oil, Petrochemical Floor Steals IME Limelight

A bustling day at Iran Mercantile Exchange saw the offering of various commodities on the oil and petrochemical trading floor on Sunday.
As IME reported, the floor played host to close to 47,000 tons of vacuum bottom from four refining companies, 33,000 tons of lube-cut oil, 45,800 tons of various grades of bitumen, 1,900 tons of sulfur and 3,658 tons of petrochemicals, including styrene butadiene rubber, nitric acid, benzene, polybutadiene rubber, triethanolamine, monoethylene glycol, normal butadiene rubber and monoethanol amine.
The export trading floor featured 5,110 tons of various grades of bitumen and 100 tons of roof insulation for potential customers overseas.
The industrial and mining trading floor saw the offering of 4,000 tons of copper cathode, priced at 169,141 rials per kg, by National Iranian Copper Industries Company. The company also supplied 3,500 tons of copper wire at the base price of 176,080 rials per kg, 20,000 tons of low-graded copper, 100 tons of molybdenum sulfur as well as 12 tons of precious metal concentrates. In addition, World Copper Company offered 270 tons of copper wire priced at 176,630 rials per kg, while 550 tons of rebar bundles and 1,210 tons of I-beam offered by Azarbaijan Steel Company and Esfahan Steel Company respectively.
Elsewhere, 4,000 tons of durum wheat, 3,000 tons of white sugar and 2,000 tons of corn were offered on the agricultural trading floor.
IME’s secondary market played host to 500 tons of tomato paste at the base price of 24,500 rials per kg.
All in all, more than 176,000 tons of commodities were supplied at IME’s sport and secondary markets on Sunday.

Short URL : http://goo.gl/AZ4hFQ

You can also read ...

Effects of Sanctions on Food Consumption of the Poor
It is now clear that the purpose of US sanctions against Iran...
CBI Moves to Sideline USD
As part of the latest measure to ditch the US dollar from the...
Surcharge on Forex Rate Difference “Illegal”
The retrospective application of Clause Five of the government...
New Online System to Monitor Warehouses Countrywide
All warehouses in Iran are required to register in the so-...
Bank Loans Hit €18 Billion in 4 Months
Banks and credit institutions allocated a total of 1.67...
Sanctions, Banking Troubles Facing Iranians in Hong Kong
Banking for companies that do business with Iran–as well as...
Sesame Oil, Products Imported From  6 Countries
More than 1.38 million tons of sesame oil and products worth $...
Gov’t to Build  2 New Towns
The Iranian government will commence the process of building...