Economy, Business And Markets

IME Boards Offer 163KT of Goods

IME Boards Offer 163KT of GoodsIME Boards Offer 163KT of Goods

Iran Mercantile Exchange’s industrial and mining trading board witnessed the supply of more than 1,000 tons of copper cathode by National Iranian Copper Industries Company with the base price of $4.9 per kg on Sunday. NICICO’s other offerings on the board include 1,000 tons of copper wires with the base price of $5.1 per kg, 20,000 tons of low-grade copper, 140 tons of sulfur molybdenum and 18 tons of precious metals concentrate, the IME reported. Furthermore, 100 tons of copper wires with the base price of $5.2 per kg by Kashan Copper World Company as well as 8,910 tons of rebars and 3,960 tons of I-beams by Arian Steel Company were supplied on the industrial and mining trading board. The oil and petrochemical trading board played host to 39,970 tons of bitumen, 25,000 tons of vacuum bottoms, 21,000 tons of lube cut oil, 5,875 tons of petrochemicals and 2,000 tons of sulfur. The exports trading board witnessed 11,300 tons of bitumen and 400 tons of insulations. Finally, 4,000 tons of durum wheat, 4,000 tons of soybeans, 1,000 tons of unprocessed soybean oil, 300 tons of white sugar, 100 tons of common wheat and 10 tons of rice were offered on the agricultural trading board. Overall, 163,000 tons of goods were supplied on IME’s spot market on Sunday.