Chemicals Trade at IME
Economy, Business And Markets

Chemicals Trade at IME

Multiple petrochemical companies offered 20 types of chemicals on the oil and petrochemical trading floor of the Iran Mercantile Exchange on Wednesday, the IME’s PR and foreign affairs department reported.

More than 123,000 tons of commodities including chemicals, metals and agricultural products were up for grabs at the spot market on the week’s last trading day.
According to the report, benzene, linear alkyl benzene, terephthalic acid, crystal melamine, sulfuric acid, diethanolamine, ethylene glycol, sodium carbonate, industrial urea, baking soda, sulfuric dioxide were among the chemicals that were traded on the oil and petrochemical trading floor.
Moreover, 49,000 tons of bitumen of various grades as well as 3,000 tons of heavy lube-cut were traded on the board.
The report also said that 60 tons of copper wires, with the base price of 221,512 rials per kg were offered on the mining and industrial trading floor.
In addition, 1,600 tons of durum wheat as well as 250 tons of cubic sugar were for sale to potential customers on the agricultural trading floor.
The IME is gearing up to host new commodities and expand its activities in the coming months.
With the addition of new commodities at the IME and the increase in interested participants, the organization has said the renewed interest will boost overall trade, create transparency in pricing of goods, and will also bolster the capital market in general.

Short URL : http://goo.gl/ihwDrQ

You can also read ...

Support for  Forex Measures
The head of Competition Council welcomed efforts made by the...
The looming crisis in the emerging markets, set off by the run on the Turkish lira, has had a more direct impact on the Iranian rial than anything the US has claimed.
Since the beginning of the fiscal 2018-19, the Iranian rial...
Yu Chang Hwang (L) and Mohammad Reza Bakhtiari
South Korea’s new ambassador to Iran, Yu Chang Hwang, said...
UK Firm: Progress Made With Iran Airport Contract
UK-based security solutions supplier Westminster Group said it...
CBI: Currency Inflow Growing Steadily
Governor of the Central Bank of Iran said on Saturday that...
Without Waivers, US Sanctions on Iran Will Cripple Iraq
Iraqi officials, struggling to form a new government months...
Uber in Talks to Buy Food-Delivery Company
Uber Technologies Inc. is in early talks to buy food-delivery...
Aston Martin Aims to Steer  Around Brexit to $6.7b IPO
Luxury British carmaker maker Aston Martin is seeking a price...