Baku, Azerbaijan, Nov. 13
By Fatih Karimov – Trend:
Various minerals including 280 tons of copper wire, 740 tons of copper cathode, and 740 tons of imported copper cathodes, as well as 10,000 tons of SM type slab steel and 10 kilograms of gold bullion were offered in the industrial and minerals trading sector of Iran Mercantile Exchange (IME) on Nov. 13, the IME official website reported.
Over 20,979 tons of bitumen, lube cut, polyethylene, polypropylene, monoethylene glycol and slack wax were offered at the oil and petrochemical trading sector of the IME on the day.
In the agricultural sector, 100 tons of imported rice, 187,000 day-old chickens, 15,000 tons of wheat, 100 tons of sunflower raw oil, as well as 68 tons of frozen chicken were offered.
Meanwhile, 14,840 tons of bitumen, sulphur and insulation were offered on the IME export ring.
Also 2,000 tons of potash and 100 tons of palm oil were offered in the IME’s side market on Nov. 13.
On Nov. 12, IME's mineral and industrial trading floor witnessed trade of 2,500 tons of directed reduced iron (sponge iron), 4,000 tons of low-grade copper, 100 tons of molybdenum sulphur, 3 tons of precious metals concentrate and 110 tons of rebar.
The IME also saw trade of 750 tons of consumer wheat, 70,000 day-old chickens and 25 tons of imported rice on the agricultural trading sector on Nov. 12.
Furthermore, 4,419 tons of bitumen, 406 tons of chemicals, 3,346 tons of polymeric products, 11,000 tons of lube cut and 45,000 tons of vacuum bottom were sold at oil and petrochemical trading sector of the IME yesterday.
On the other hand, IME was the platform to sell 2,500 tons of various grades of bitumen and 430 tons of insulation on its side market Nov. 12.
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.