TEHRAN, Iran, Sep.14
Trend:
The sale of cement on Iran Mercantile Exchange is a clear mechanism for the cement industry and consumers, said the head of Securities and Exchange Organization, Trend reports citing ILNA.
Mohammad Ali Dehghan has indicated that the increase in cement price was due to power outages in the country and not the mercantile exchange.
He noted that there are three factors effective in the increase of price in mercantile exchange, the first reason is the growth of inflation rate in recent years that affected the price of commodities in the exchange, while official pricing of some commodities (by the government) would damage producers and factories with the unfair price.
The third factor is unpredictable elements such as power outages that reduced production and increase cement price in a free market.
The official emphasized that the following factors do not have a connection with the mercantile exchange function, and the exchange is a platform for transparent trade.
The Securities and Exchange Organization (SEO) has recently announced that all companies are obliged to offer all their products on the exchange. About 56 cement companies out of 78 have joined the Iran Mercantile Exchange (IME) in August, and the remaining cement producers outside of the IME have been asked to join.