IME‘s quarterly trading statistics in spot market shows increase in metal and mineral products trading value in fall 2016.
Iran Mercantile Exchange quarterly newsletter shows total trading value of metal and mineral products in spot market increased from $690 million in fall 2015 to $1165 million in fall 2016.
Based on the report, first rank of trading value in metal and mineral products belonged to steel sector with 75 percent, copper(18%),aluminum (4%),molybdenum concentrates(1%),iron ore(1%) and other products(1%) were in next ranks respectively.
Total value of trading on export pit in fall 2016 was $214 million which witnessed increase from $201 million compared to fall 2015.
It’s worthy to say that 6.94 percent of trading on export was in iron ore sector.
Iranian Parliament Speaker Ali Larijani highlighted the futility of US plots to hit the Islamic Republic’s economy and said Washington has failed in its attempts to cut Tehran’s oil exports down to zero.
About 1,882 tons of easy open aluminum can lids worth about $11 million were imported into Iran during the first half of the current Iranian year (March 21-Sept. 22), data released by the Islamic Republic of Iran Customs Administration show.
SteelMint has heard from its sources that after the Graphite electrodes (GE) prices in China turned stable last week amid government’s liquidity boost in the economy, the decline in domestic steel prices and ample steel availability has once again driven down the country’s GE prices.
This week observed strengthening of demand both in Turkey and Asian markets on limited inventories available.
New Delhi – Global iron ore prices are seen stagnating in the next few years on excessive supplies and slowing Chinese demand, yet a strong growth elsewhere in Asia is expected to keep prices supported and trade booming.
As per recent updates received from sources, ‘Kanto Tetsugen’- Japan’s monthly ferrous scrap export tender for Jan’19 concluded today (11th Jan) in the Kanto region. Total 20,000 MT H2 scrap auctioned through three winning bids presented at an average of JPY 28,775/MT (USD 266), FAS in Jan’19.