Economy, Business And Markets

IME Offers Imported Commodities

IME Offers Imported CommoditiesIME Offers Imported Commodities

Sunday’s trade at the Iran Mercantile Exchange (IME) included offers of imported commodities from Russia, China, India, and Kyrgyzstan, the IME’s public relations and international affairs office reported.

The agricultural floor saw trading of 200 tons of Russian corn, 200 tons of Indian rice, and 200 tons of wheat bran from Kyrgyzstan. In addition, 1,000 tons of durum wheat, 104 tons of local corn was traded at this floor.

The report said that about 500 tons of Chinese bicarbonate soda, worth 9,730 rials per kg, was offered on the oil and petrochemical trading floor. Moreover, bitumen of various grades, slack wax, nitric acid, industrial urea, ammoniac, triethanolamine, lube-cut oil, and vacuum bottom were among other commodities up for grabs on this trading floor.

Based on the market demand, almost 20,000 tons of bitumen 85100, and 12,000 tons of bitumen 6070 from Jey Oil Refining Company were to be traded with the prices at $442 and $540 per ton, respectively.

According to the report, industrial and mining floor played host to 4,000 tons of copper cathode from the National Iranian Copper Industries Company (NICICO) at the base price 213,014 rials per kg. The NICICO also supplied 3,500 tons of copper wire, worth 220,265 rials per kg, for potential customers.

Furthermore, close to 30,000 tons of low-grade copper, 100 tons of molybdenum-sulfur, and 12 tons of precious metals concentrates were among other commodities offered by the NICICO on Sunday.

Copper World Company also put 170 tons of copper wire up for sale at the base price of 220,815 rials per kg.

Esfahan Steel Company offered 4,000 tons of I-beam-22, as well as 4,000 tons of I-beam-20 on the board to be traded on Sunday. Moreover, 5,720 tons of rebar bundle were to be traded on the same day.

In the category of aluminum, almost 800 tons of 99.7-purity aluminum ingots were supplied by Iran Aluminum Company, worth 72,632 rials per kg. In addition, 1,200 tons of metallurgical coke was up for grabs on the spot market. Overall, more than 120,000 tons of various commodities were offered on the IME’s spot market on Sunday.