Commodities worth over $620m traded at IME in a week

view original post

TEHRAN- During the past Iranian calendar week (ended on Friday), Iran Mercantile Exchange (IME) witnessed trade of 3,004,222 tons of commodities with a total trading value of more than $620 million on its physical market.

As reported by the IME’s Public Relations and International Affairs Department, the exchange saw on its metals and minerals trading floor trade of 2,415,833 tons of commodities valued at nearly $349 million.

On this floor the IME sold 1,238,641 tons of cement, 707,000 tons of iron ore, 303,467 tons of steel, 163,100 tons of sponge iron, 46,135 tons of zinc, 4,980 tons of aluminum and 67 tons of copper.

Moreover, the IME witnessed on both domestic and export rings of its oil and petrochemical trading floor 527,595 tons of commodities worth more than $255 million.

Commodities traded on this floor included 211,589 tons of bitumen, 181,000 tons of vacuum bottom, 95,617 tons of polymeric products, 32,286 tons of chemicals, 4,248 tons of oil, 1,250 tons of sulfur, 702 tons of petroleum products, 550 tons of waterproofing materials and 530 tons of feedstocks.

The IME also traded within the same week 15,293 tons of goods on its side market.

As previously reported, during the past Iranian calendar month (ended on August 22) Iran Mercantile Exchange witnessed trade of 13,452,706 tons of commodities with a total trading value of almost $3.2 billion on its physical market, logging growths of 11.5 percent in value and 21 percent in volume of trades compared with the month before that.

As reported by the IME’s Public Relations and International Affairs Department, the exchange saw on its metals and minerals trading floor, trade of 10,906,046 tons of commodities valued at more than $2 billion.

On this floor the IME sold 5,544,552 tons of cement, 2,660,000 tons of iron ore, 1,707,761 tons of steel, 928,000 tons of sponge iron, 39,455 tons of zinc, 39,215 tons of aluminum, 38,208 tons of copper, 2,800 tons of cast iron, 1,290 tons of molybdenum concentrate, 300 tons of coke and 72 tons of precious metals concentrate.

It’s worth noting that the IME also traded 1,600 kg of saffron on its agricultural trading floor.

Furthermore, the exchange saw trade of 2,405,517 tons of commodities worth more than $1 billion on both domestic and export pits of its oil and petrochemical trading floor.

Items traded on this floor included 792,000 tons of vacuum bottom, 663,300 tons of bitumen, 491,397 tons of polymeric products, 185,500 tons of lube cut, 167,335 tons of chemicals, 76,505 tons of sulfur, 23,399 tons of oil, 10,618 tons of petroleum products, 1,560 tons of feedstocks, 1,000 tons of slop wax and 900 tons of waterproofing materials.

Last was the IME’s side market on which the exchange traded 141,141 tons of goods.

IME is one of the four major stock markets of Iran, the other three markets are Tehran Stock Exchange (TSE), Iran’s over-the-counter (OTC) market known also as Iran Fara Bourse (IFB), and Iran Energy Exchange (IRENEX).

MA