Economy, Business And Markets

Metals Dominate Mercantile Exchange

Metals Dominate Mercantile Exchange
Metals Dominate Mercantile Exchange

Iran Mercantile Exchange’s export trading board played host to 45,000 tons of granulated iron ore by Golgohar Iron Ore Complex at the base price of $18 per ton on Wednesday.

The same board also supplied 10,000 tons of sulfur lumps, 10,000 tons of granulated sulfur, 7,390 tons of bitumen and 800 tons of insulations.

The oil and petrochemical trading board witnessed the supply of 22,466 tons of chemicals, 51,980 tons of bitumen, 2,000 tons of lube cut oil, 500 tons of granulated sulfur and 280 tons of argon.

Isfahan Steel Company offered 26,000 tons of rebars and I-beams at the base price of $0.33 per kg on the industrial and mining trading board.

The company also supplied close to 100 tons of rebars and 220 tons of I-beams on the same board.

The industrial and mining trading board’s other offerings of the day included 44 tons of A3-14 rebars, 44 tons of steel anchors and 44 tons of I-beams by Arian Steel Company, as well as 20 tons of 8-6005 billets by Iran Aluminum Company and 20 kg of gold bars by Mouteh Gold Mine.

Finally, 3,977 tons of corn, 1,000 tons of durum wheat, 500 tons of unprocessed soybean oil and 20 tons of rice were supplied on the agricultural trading board.

Overall, the IME played host to 185,000 tons of commodities on Wednesday.