On November 3rd of this year, the Iran Commodity Exchange hosted the offering of 535,000 tons of various products, including cement, petrochemical products, and petroleum derivatives. This volume of offerings was conducted in different halls of the exchange and included a variety of items.
Offering in the Cement Hall
The largest volume of offerings on this day was dedicated to the Cement Hall, where 246,130 tons of cement were offered. This figure indicates the high demand for this product in the construction market and civil projects.
Petrochemical Products and Petroleum Derivatives
The Petrochemical and Petroleum Derivatives Hall also hosted the offering of 119,740 tons of products. These products included 80,554 tons of polymer materials, 20,000 tons of lube cut, 14,500 tons of sulfur, 2,512 tons of chemicals, and 2,174 tons of bitumen. This diversity in petrochemical products indicates the expansion of industrial activities and the market's need for raw materials.
Kish Export Hall
In the Kish Export Hall, 101,755 tons of products were offered, including 44,616 tons of cement, 23,994 tons of bitumen, 22,500 tons of clinker, 10,000 tons of sulfur, and 645 tons of waterproofing insulation. These offerings contribute to strengthening Iran's export market and enhance the country's economic potentials.
Industrial and Mining Hall
The Industrial and Mining Hall continued its activities with the offering of 54,731 tons of products. In this hall, 25,000 tons of iron ore, 24,058 tons of steel, 5,450 tons of copper, 143 tons of aluminum, and 80 tons of molybdenum were sold. These products are offered to meet the needs of various industries in the country and for export to foreign markets.
Sub-products
In the Sub-products Hall, 13,488 tons of products were put up for sale. These offerings help diversify the market and increase competition in prices.
Considering this high volume of offerings, it seems that the Iran Commodity Exchange is on its path of growth and development and can act as an important institution in supplying raw materials for various industries. These developments indicate the existing potentials in the country's industry and mining sectors and the significance of the Iran Commodity Exchange in this regard.
