Economy, Business And Markets

Chemicals Trade at IME

Chemicals Trade at IME
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.