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Cement export trade resumes at Iran Mercantile Exchange

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Offers of cement for export have resumed at Iran Mercantile Exchange, the IME chief said. Isfahan Cement Company initiated the offering with 2000 tonne of cement on Saturday, 1000 tonne of which were traded on cash payment. "We intend to expand our export markets for cement and unify prices by exporting the commodity through IME," Hamed Soltaninejad was also quoted as saying by IRNA. Government-enforced pricings and the subsequent lack of competition caused cement manufacturers to become disillusioned with the exchange and pull out of IME in 2012.Soltaninejad referred to the glut in the domestic cement market and emphasised IME?s capability to carry out foreign transactions in dollars and euros.

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