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IME concludes first long-term petchem deal

TEHRAN, June 28, 2016

Iran’s Tondgouyan Petrochemical Plant signed the first long-term deal with downstream industries at Iran Mercantile Exchange (IME), said the exchange's managing director.
 
Hamed Soltaninejad said the agents operating in IME have demanded the sealing of long-term deals between petrochemical plants and their customers to facilitate transactions and regulate market prices, Shana reported.
 
"To this effect, the deal was struck following a series of negotiations brokered by IME," he said.
 
He said long-term deals encompass time spans ranging from 6 to 12 years by which suppliers are required to continue presenting items to customers at IME within the framework of the deal.
--TradeArabia News Service
 



Tags: Iran | IME |

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