<P dir=rtl align=left><A href="http://www.ngdir.ir/News/NewsDetail.asp?PId=1380"><SPAN style="FONT-SIZE: 9pt; COLOR: windowtext; FONT-FAMILY: Geneva; TEXT-DECORATION: none; text-underline: none"><STRONG>Tehran Metal Exchange </STRONG></SPAN
Tehran Metal Exchange starts zinc ingot trading <?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
Tehran, June 20, IRNA -- In a bid to diversify the range of products
offered at Tehran Metal Exchange (TME), the TME began trading
in zinc ingots as of Sunday.
Over 60 tons of zinc ingots with a purity rate of 99.5 percent were
introduced to the market by three listed companies. Demand for the
metal reached 820 tons and the total monetary value topped rls 612
million.
Currently there are 29 zinc producing units throughout the country
with an annual production capacity of 120,000 tons and actual
production of 80,000 tons per year.
TME is expected to turn into an international market, especially
in the Middle East, in near future given growing engagement of foreign
producers in its dealings, said an official here in May.
A TME broker Farzad Heybati told IRNA that <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />Iran can serve as a
center for exchange of iron sows and semis among neighboring states.
Heybati said many neighboring states have thus far voiced
readiness to get engaged in the exchanges with Russia with the UAE
already putting their iron products on sale on the market.
He said many plants in the said countries hoped to be able to
exchange their products at the TME shortly.
He added that the neighboring states lacked such legal and
systematic exchanges and most of their dealings are made on local
markets.
For the first time South African aluminum sheets are to be offered
on the market in December.
The domestic consumers are quite enthusiastic for foreign items
including imported products from Russia, South Africa, Romania and
the United Arab Emirates (UAE).
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