Economy, Business And Markets

Agri Commodities on Spot Market

Agri Commodities on Spot MarketAgri Commodities on Spot Market

Week’s last trading day saw various agricultural commodities listed on the board, including soybean meal, corn, sugar, and cubic sugar for being traded on the agricultural floor at the Iran Mercantile Exchange, IME’s public relations and international affairs office reported.

According to the report, 900 tons of corn from local suppliers as well as 400 tons of Brazilian corn were to be traded on the agricultural trading floor on Wednesday. In addition, 630 tons of sugar as well as 250 tons of cubic sugar were up for grabs.

Moreover, 500 tons of rapeseed flake and 15 tons of rapeseed plate from Argentina were to be traded on the same trading floor.

The report further mentioned that close to 26,100 tons of I-beam, 11,000 tons of rebar bundles, 968 tons of mixed rebar bundles, and 2,200 tons of rebar bundles-A3, 14 and 22 were being put up for bids by the Iran National Steel Industrial Group for potential customers.

Based on the market demand, Iran Aluminum Company had more than 1,400 tons of 99.75-purity aluminum ingots to be offered on the industrial and mining trading floor. Mouteh Gold Complex also offered 10 kg of various gold bullions along with 4,000 tons of metallurgical coke on the spot market for potential customers.

The export trading floor played host to 102,000 tons of bitumen of various grades offered by Jey Oil Refining Company. In addition, 8,700 tons of bitumen of various applications was on the board on Wednesday by other local suppliers for overseas markets.

Oil and petrochemical trading floor saw 93,000 tons of different oil and petrochemicals for trade. Monoethylene glycol (MEG), sodium carbonate, acetic acid, terephthalic acid, linear alkyl benzene, sulfuric acid, argon gas, industrial urea, benzene, poly propylene, vacuum bottom oil, sulfur and bitumen were among the commodities being offered on the oil and petrochemical trading floor for potential customers.

Overall, more than 252,000 tons of various commodities were supplied on the spot market to be traded on the week’s last trading day.