Economy, Business And Markets

Petrochemicals at IME

Petrochemicals at IME
Petrochemicals at IME

More than 244,000 tons of oil-based commodities were up for grabs on the oil and petrochemical trading floor at the Iran Mercantile Exchange (IME), for local and overseas markets on Tuesday, the IME’s public relations and international affairs office reported.

According to the report, based on the market demand, almost 106,270 tons of bitumen of various grades was to be offered by Pasargad Oil Company for export purposes. In addition, 6,420 tons of bitumen for different usage, as well as 680 tons of roof insulation were also being offered by other local suppliers.

Moreover, Tuesday’s trade also included 1,333 tons of various chemical and polymers by different local petrochemical complexes. The PVC, SBR polyethylene, and polypropylene were among the commodities being listed on IME’s main trading board.

The oil and petrochemical trading floor also played host to nearly 25,500 tons of vacuum bottom, 44,000 tons of bitumen, and 2,000 tons of sulfur lumps by the Tehran Oil Refining Company.

Khales Sazan Company reportedly had 100 tons of 99.99-purity zinc ingots, at the base price of 76,500 rials per kg, on the industrial and mining trading floor for potential customers. Furthermore, 1,000 tons of scrap metal powder was offered on Tuesday by Azarbaijan Steel Company.

The report also added that the agricultural trading floor recorded trading of around 250 tons of cubic sugar by various customers.