The methanol deposit certificates of Sabalan Petrochemical Industries Company will be offered from Wednesday, 11 Shahrivar, on the domestic ring of commodity deposit certificate trading.
According to a Public Relations report, based on the announcement of the Iran Energy Exchange, the methanol deposit certificates of Sabalan Petrochemical Industries Company will be offered from Wednesday, 11 Shahrivar, on the domestic ring of commodity deposit certificate trading.
According to this announcement, the underlying asset of this certificate is methanol produced by Sabalan Petrochemical Industries Company, with the trading symbol “متان۱۵۰۶پ۱ر” (MATAN1506P1R), and its weight and price unit has been set as kilogram–rial.
According to the published details, this deposit certificate has no expiration date, and its trading period will be one hundred and twenty (120) months from the time the symbol is opened. Trading is conducted by the continuous auction method and without any price fluctuation range limit, and the minimum price change of each order is only one rial. Furthermore, no limit has been set for customers on the ceiling of assets that may be purchased. Also, the warehouse of this product is located in the Assaluyeh region, Pars Special Energy at the warehouse door.
The trading days of carried out on an EXW (Ex Works) basis at the warehouse door.
The trading days of this symbol will be Saturday through Wednesday of each week, and trading hours will be from 8:45 to 15:00. Settlement of trades is also conducted in rials, with a deadline of one business day after the trade is executed (T+1).
It is noteworthy that Sabalan is one of the three subsidiary companies of Petrofarhang Holding that, according to the planning undertaken, was offered on the exchange. Iranian Power Plant Processes Management Company and Pearl Petrochemical are also the two other Petrofarhang companies that, according to the Holding’s plan, will enter the exchange.