How to buy cement from commodity exchange?
According to Tejarat News, a few months ago, cement activists believed that power outages, hoarding and brokerage caused the price of cement to rise. After this issue, cement entered the commodity exchange and was priced based on supply and demand.
Holders of Commodity Exchange trading code can get a cement deposit certificate through the page Commodity exchange trading To trade. The minimum and maximum purchase is 10 to 100 tons and each certificate of cement deposit is equivalent to one kilogram of cement. Thus, every person who wants to buy must register a purchase order of at least 10,000 certificates, equivalent to 10 tons of cement, and a maximum of 100,000 certificates, equivalent to 100 tons of type 2 cement. Each symbol can not buy more than 100 tons and trading in this method is possible with the same stock code.
What type of cement is offered?
The types of cement offered in the commodity exchange include white cement, type 2 black cement, type 5 gray, pozzolanic, as well as bulk and packaged cement. The price basis in this method is the previous day’s price of cement in the physical market of the Commodity Exchange, which is discovered with a range of positive and negative fluctuations of 5% in the certificate market.
Cement deposit certificate transactions are done from 12:45 to 13:30 in advance and after that, transactions are done in a single price and intermittently. This means that the buyer has up to two weeks to receive the product from the factory warehouse.
Buyers should know that there is no secondary market cement certificate. Those who buy cement must deliver from the seller and transport the cement.
How to enter the commodity exchange?
Real people (ordinary people) should Customer code request form Complete with the brokerage and submit the photo of the identity card and national card that has been equal to the original by the broker.
Legal clients must, after completing the customer code request form with the broker, include the company’s identity documents, including the company’s articles of association, the official newspaper of the latest changes of the company, the latest official newspaper about board members and authorized signatories, as well as identity cards and national cards of authorized signatories. All members of the Board of Directors and CEO of the company. Next, all of these must be equal to the original by the broker.
Legal clients, Must also provide financial evidence of the company. These documents include the tax return of the last financial period, the economic code and the financial statements of the last financial period of the company. It is also necessary to submit the report of the official auditor and the statutory inspector and the company’s operating licenses, including the operating license.