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.
Iran traded 903,607 tons of non-oil commodities worth $568.38 million with the UAE during the first Iranian month (March 21-April 20), registering a 32.7% and 34.15% decline in tonnage and value respectively compared with the year before, latest data released by the Islamic Republic of Iran Customs Administration show.
Ferro Chrome prices have hit the bottom amid low demand in the domestic and global market as well. Prices for Ferro Chrome are falling aggressively amid bearish market sentiments.
Domestic HRC prices in traders market have come down by INR 500-1000/MT (USD 7-14) against last week and are hovering at almost 4-months low.
Since the second quarter, the domestic prices of chrome ore and Ferro Chrome have been in a free-fall, reflected by the downward price adjustment and tepid transactions. The insiders from the whole chain of chrome industry incline to be conservative towards the short-term market of chrome, and their market participation is passive.
Oil tankers ablaze in the Gulf of Oman and the US pointing the finger at Iran should be enough to send the price of the world’s most vital commodity skyrocketing.
Oil prices slipped on Monday as signs of an economic slowdown amid international trade disputes began to outweigh supply fears that were stoked by attacks on oil tankers in the Gulf of Oman last week and sent prices higher.