Baku, Azerbaijan, Nov. 12
By Fatih Karimov – Trend:
Various minerals including 5,000 tons of sponge iron, 20,000 tons of low-grade copper, 110 tons of bars, 250 tons of sulfur molybdenum and 12 tons of precious metal concentrates were offered in the industrial and minerals sector of Iran Mercantile Exchange (IME) on Nov. 12, the IME official website reported.
Over 90,360 tons of chemicals, polymers, bitumen, lube cut and vacuum bottom were offered at the oil and petrochemical trading sector of the IME on the day.
In the agricultural sector, 100 tons of imported rice, 384,000 day old chickens, 9,000 tons of wheat, 100 tons of sunflower raw oil, as well as 68 tons of frozen chicken were offered.
Also 2,691 tons of polyester string was offered in the IME’s side market on Nov. 12.
On Nov. 11, the IME sold 20,000 tons of vacuum bottom, 500 tons of lube cut, 1,214 tons of bitumen and 4,339 tons of polymeric products as well as 11,810 tons of chemicals on its oil and petrochemical trading floor.
On its agricultural trading floor, IME saw trade of 3,500 tons of imported rice by Iran’s Government Trading Corporation on the same day.
Furthermore, there was 60 tons of zinc ingots traded on IME's mineral and industrial trading floor on Nov. 11.
On the other hand, IME was the platform to sell 2,330 tons of bitumen on its export ring. And finally, IME traded 32 tons of metal scraps and empty barrels on its side market.
The IME was founded in 2007. It trades in agricultural, industrial and petrochemical products in spot and futures markets.
There are 70 listed brokerage companies in IME who are members of the exchange licensed by the market regulator, the Securities and Exchange Organization.