Economy, Business And Markets

IME Supplies 150KT of Goods

IME Supplies 150KT of GoodsIME Supplies 150KT of Goods

Iran Mercantile Exchange’s industrial and mining trading board witnessed the supply of 1,500 tons of copper cathode by Iranian National Copper Industries Company at the base price of $4.2 per kg on Sunday.

NICICO’s other offerings of the day included 1,000 tons of copper wires at the base price of $4.4 per kg, 20,000 tons of low-grade copper, 140 tons of sulfur molybdenum and 18 tons of precious metals concentrate.

Kashan Copper World Company also supplied 100 tons of copper wires at the base price of $4.46 per kg on the industrial and mining trading board.

About 2,500 tons of A-3-12-32 rebars, 304 tons of A3-12-16 rebars and 384 tons of A3-14-16 rebars by Isfahan Steel Company, as well as 220 tons of A3-14-25 rebars by Aria Steel Company were offered on the same board.

Meanwhile, 43,224 tons of bitumen, 20,000 tons of lube cut, 47,000 tons of vacuum bottoms, 6,271 tons of petrochemicals and 500 tons of sulfur lumps were supplied on the oil and petrochemical trading board.

Finally, the agricultural trading board played host to 4,064 tons of corn, 500 tons of unprocessed soybean oil, 1,000 tons of durum wheat and 100 tons of white sugar.

Overall, the IME’s spot market saw 150,000 tons of commodities on Sunday.