Chinese, Indian companies keen to offer products in Iran Mercantile Exchange

TEHRAN (FNA)- Two high-ranking Chinese and Indian chemical companies have preferred to offer their quality products in Iran Mercantile Exchange (IME) to open the gate to the country’s lucrative market, the IME international affairs and public relations announced.

Over 500 tons of baking soda produced by the Chinese Metron Middle East and 500 tons of mixed xylene produced by the India company were offered in the IME’s petrochemical and oil related products trading floor on Saturday.

The two foreign chemical companies have to compete with 15 petrochemical complexes from Iran, including Arvand Petrochemical Complex, Hmtryn supplier, Ilam, Abadan, Bandar Imam, Ali Sina, Behistun, Persia, Tabriz, Tondgooyan, Khorasan, Khuzestan, shazand, Shiraz and Kermanshah which are active in the IME.

Polyethylene, polystyrene, heavy aromatics, linear alkyl benzene, styrene monomer, ABS, ammonia, epoxy resins, poly butadiene rubber, menu Ethanol Amine, Tri Ethanol Amine, baking soda, nitric acid, TDI and acid Hydrochloric are some of the products which were offered by the foreign and domestic companies in the IME on Saturday.

The IME was established on September 20, 2007 in accordance with article 95 of the new law of the Securities Market of the Islamic Republic of Iran and following the merger of the agricultural and metal exchanges of Tehran. The merger marked a new chapter in Iran capital market providing endless trading opportunities for the clients in and out of the country.

Various sectors of economy and national industry benefit from the exchange operation. The IME currently offers various services, including:

Performing as the first market providing access to the initial offering of the listed commodities in the IME,

Price discovery and price making for Iran’s Over the Counter (OTC), secondary markets and the end users,

Providing venue for government sales and procurement purchases,

Providing Trading platform and user interface,

Providing Clearing & Settlement services,

Risk management,

Technology services,

Training and education of the market participants.

By Fars News Agency

 

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