Economy, Business And Markets

NICICO Sweeps Mercantile Exchange

NICICO Sweeps Mercantile Exchange NICICO Sweeps Mercantile Exchange

The National Iranian Copper Industries Company supplied 1,000 tons of copper cathode with the base price of $5.1 per kg, 1,000 tons of copper wires with the base price of $5.3 per kg, 20,000 tons of low-grade copper, 140 tons of sulfur molybdenum and 18 tons of precious metals concentrate on Iran Mercantile Exchange’s industrial and mining trading board on Sunday.

The board also featured 100 tons of copper wires supplied by Kashan Copper World Company with the base price of $5.3 per kg and 100 tons of aluminum ingots of 99.8% purity by Iran Aluminum Company.

More than 37,000 tons of bitumen supplied by Pasargad Oil Company and 35,100 tons of the same commodity by Jey Oil Refining Company as well as 32,000 tons of vacuum bottoms, 21,000 tons of lube cuts, over 3,970 tons of petrochemicals and 1,150 tons of sulfur were put up on the oil and petrochemical trading board.

Furthermore, 6,700 tons of bitumen and 200 tons of insulations were supplied on the export trading floor.

The agricultural trading board featured 4,000 tons of durum wheat, 1,050 tons of unprocessed vegetable oil, 2,400 tons of sweet corn, 500 tons of field corn, 300 tons of cottonseeds, 400 tons of wheat bran and 210 tons of rice.

Overall, more than 170,000 tons of goods were supplied in IME’s spot market on Sunday.