TEHRAN: Cement trading will resume at Iran Mercantile Exchange’s board of exports in the Iranian month of Ordibehesht (April 21-May 21, 2017), the head of Cement Employers Association, Abdolreza Sheikhan, has announced. The official added that cement will also be listed on the domestic trading board as soon as the glutted local market is balanced by boosting exports, SMT Daily reported. The CEA broke the news of cement trade resumption at IME back in November, saying it would begin as of the fourth quarter of the current fiscal year (December 21-March 20).
By delegating cement trade to IME, the association seeks to curb unhealthy competition among producers, which has disrupted the market’s balance and led to low prices. Iran Mercantile Exchange is a commodities exchange located in Tehran. Founded in 2006, IME trades in agricultural, industrial and petrochemical products in the spot and futures markets.
