Growth in oil products trading in IME over last week of August

Growth in oil products trading in IME over last week of August
During weekdays ending up to August 27th, while 571 KT of various commodities worth more than 173 million USD in spoand secondary markets of Iran Mercantile Exchange, oil products trading experienced noteworthy growth.

According to the report from IME International Affairs and PR, over last week, in domestic and export oil and petrochemical trading floors of IME, 272,416 MT of different commodities with the total value of 110 million USD were sold. 

In this trading floor, more than 94 KT of bitumen, 39 KT of polymer products, 95,600 MT of VB, 23,540 KT of lube cut, 17 KT of chemical products, 474 MT of insulation, and 3,080 MT of sulfur were traded in this trading floor.

It is worth noting that VB, lube cut, sulfur, and bitumen products groups witnessed 411%, 134%, 135%, 58% growth, respectively. 

Moreover, in agricultural trading floor, 9,890 MT of sugar, 7,330 MT of maize and 560 MT of crude vegetable oil, 20 MT of barely and 30 MT of rice were traded by customers.

The report declares that in domestic and export metals and minerals trading floor of IME, 279,475 MT of products worth more than 54 million USD were traded. 

In this trading floor, 53,949 MT of steel products, 220 KT of iron ore, 3,800 MT of copper, 140 MT of molybdenum sulfur, 120 MT of zinc, 1,360 MT of aluminum, 100 MT of coke, 6 MT of concentrate as well as 25 Kg of gold bullion were traded.

Aug 31, 2015 11:04
IRNA |

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The section of oil, gas and petro-chemistry is the up-most and first industrial vantage of the country and the pivot of the Economy of Iran. Regarding the importance of this section and the need for coordinating and organizing the most active people in the field of production and exporting oil ,gas, and petrochemical products ,some forethoughtful and job- makers in the private section of the country decided to come together to fight against the threats by using the opportunity of mass intelligence and potentials.