Economy, Business And Markets

Copper, Bitumen Abound at IME

Copper, Bitumen Abound at IMECopper, Bitumen Abound at IME

Iran Mercantile Exchange’s industrial and mining trading board witnessed 1,000 tons of copper cathodes supplied by the National Iranian Copper Industries Company at the base price of $5.1 per kg on Sunday.

Other offerings by NICICO on the same board included 1,000 tons of copper wires at 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 ore concentrate, the IME reported.

Moreover, the industrial and mining trading board filed 100 tons of copper wires supplied by Kashan Copper World Company at the base price of $5.3 per kg, in addition to 480 tons of A3-14-16 rebars, 166 tons of A3-22-25 rebars, 60 tons of A3-14-22 rebars and 2,054 tons of A3-12-25 rebars by Isfahan Steel Company.

Meanwhile, 39,350 tons of bitumen, 19,000 tons of lube cut oil, 13,000 tons of vacuum bottoms, 4,995 tons of petrochemicals and 850 tons of granulated sulfur were put up on the oil and petrochemicals trading boards.

The exports trading board saw 24,000 tons of bitumen and 740 tons of insulations.

Finally, 4,000 tons of durum wheat, 2,000 tons of unprocessed vegetable oil and 10 tons of rice were listed on the agricultural trading board.

Overall, 134,000 tons of goods were supplied in IME on Sunday.