ECONOMY
Tiles & Ceramics
Iran traded $312 million worth of commodities with Turkmenistan during the 10 months to Jan. 20, according to Iran's commercial attaché to Turkmenistan.
Iran’s exports to the neighboring country hit $305 million, while Turkmenistan’s exports to Iran stood at $7 million.
Speaking to IRNA, Rahmatollah Khormali said Iran was Turkmenistan’s 13th export destination during the 10 months.
According to Khormali, the main commodities exported to Turkmenistan from Iran included potatoes, apples, sugar, cement, plastic products, construction materials, tiles and ceramics.
OPEC delivered a bearish oil market outlook for the rest of 2019 on Friday as economic growth slows and highlighted challenges in 2020 as rivals pump more, building a case to keep up an OPEC-led pact to curb supply.
Bangladesh’s commercial attaché in Iran said his country’s private sector is seeking to boost cooperation with the Iranian counterpart, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported.
Indian Steel prices were down trend during the Week -32 (3-10 Aug'19) over limited spot trades. However by the end of week, the prices have gain momentum on slight improved demand in Northern India.
This week Chinese steel prices reported significant decline owing to volatile futures amid intensifying US-China trade tensions and pessimistic market sentiments both in domestic and overseas market.
One of the few remaining bulwarks propping up the US coal industry is languishing.
After observing deals in past few weeks, this week left the Iranian billet market sentiments softened. SteelMint’s current Iran’s billet export assessment stands at USD 385-390/MT, FoB, down by USD 5/MT against last week’s assessment of USD 390-395/MT, FoB.