Economy, Business And Markets

IME Offers Drop Off

IME Offers Drop Off
IME Offers Drop Off

Over 43,000 tons of various commodities were up for grabs on the spot market at the Iran Mercantile Exchange (IME) on Saturday, according to the IME’s public relations office.

The figure shows a 35.8% decrease compared to the same day last week and 77.5% fall compared to last week’s Sunday.

According to the IME office, oil and petrochemical trading floor was the busiest as usual, where 27,000 metric tons of polymers and chemicals were offered by Arvand, Esfahan, Ilam, Abadan, Borzooyeh, Bu Ali Sina, Pars, Tondgooyan, Khuzestan, Shazand, Shiraz, Karoon, and Kermanshah.

Chemicals offered on the floor included epoxy, resin, styrene monomer, nitric acid, heavy aromatics, ammonia, paraxylene, polyethylene, polypropylene, polycarbonate, PVC, triethanolamine, TDI, and caustic soda. Over 400 tons of insulation substances together with 1,500 tons of bitumen were also offered at the IME’s export trading hall.

On the soft commodities trading floor, buyers were offered 1,000 tons of durum wheat from Kohgiluyeh and Boyer-Ahmad province as well as 600 tons of crops from Khuzestan province.

Moreover, 4,000 tons of flint corns from Ardebil province were offered for 9,200 rials per kilogram, while 500 tons of the same crops from Kermanshah province were offered for 8,500 rials per kilogram. The trading day ended with Bardsir Sugar Company offering 250 tons of sugar lumps.