Tehran, YJC. -- On 27 July 2013, more than 270 MT of liquid Ammoniac was traded which led to 12 percent decrease for this petrochemical product.
According to the report from IME international affairs and PR, 270 MT of Ammoniac from two local producers was traded with the unit price of 11,774 IRR for products of both companies.
In the bitumen group 9,820 MT of different types of bitumen was traded. In the same group of products but in the export trading floor with the total value of 2,000 MT with the unit price of 610 USD as well as 1,500 MT of products 6070 bitumen from other producer was traded with the price of 585 USD/MT.
Iran Mercantile Exchange (IME) plays a critical role in Iran’s economy, providing functions to formulate fair and highly transparent commodity price indicators and to offer opportunities for hedging of price volatility risks and asset management.
Recently, against a backdrop of a number of destabilizing factors such as the instability of the political situation in oil-producing countries, Europe’s debt crisis, and foreign economic sanctions against Iran, sharp fluctuations have been observed in both international and domestic commodity prices.
Under such circumstances, IME has naturally attracted great interest and expectation from businesses, traders and investors. Consequently, IME’s economic and financial significance has been reviewed as an important industrial infrastructure for Iran.