Commodities worth $413m traded at IME in a week

TEHRAN- During the past Iranian calendar week (ended on Friday), 1,894,368 tons of commodities worth $413 million were traded at Iran Mercantile Exchange (IME).

As reported by the IME’s Public Relations and International Affairs Department, the exchange traded on its metals and minerals trading floor 1.685 million tons of commodities valued at almost $260 million

On this floor the IME sold 874,842 tons of cement, 531,000 tons of iron ore, 200,460 tons of steel, 63,500 tons of sponge iron, 710 tons of zinc, 12,650 tons of aluminum, 4,100 tons of copper, 30 tons of precious metals concentrate, 1,000 tons of coke and 6 kg of gold bars.

Furthermore, the IME witnessed on both domestic and export rings of its oil and petrochemical trading floor 203,116 tons of commodities worth more than $148 million.

Commodities traded on this floor included 74,818 tons of polymeric products, 4,200 tons of vacuum bottom, 32,000 tons of lube cut, 34,191 tons of chemicals, 110 tons of sulfur, 2,953 tons of base oil and 54,360 tons of bitumen.

The IME also traded within the same week 6,034 tons of commodities on its side market.

As previously reported, 8.849 million tons of commodities worth more than $2.2 billion were traded at the IME during the past Iranian calendar month Khordad (ended on July 22), the third month of Iranian calendar year.

The exchange saw on both domestic and export pits of its oil and petrochemical trading floor, trade of 1.121 million tons of commodities valued at more than $784 million.

The IME’s customers purchased on this floor 201,350 tons of vacuum bottom, 275,059 tons of bitumen, 316,753 tons of polymeric products, 148,500 tons of lube cut, 161,706 tons of chemicals, 4,605 tons of sulfur, 13,456 tons of oil, 110 tons of argon, 1,000 tons of slops wax and 755 tons of insulation.

Furthermore, the exchange traded on its metals and minerals trading floor 7.696 million tons of commodities worth more than $1.4 billion.

Items traded on this floor included 4,352,000 tons of cement, 1,428,000 tons of steel, 1,551,000 tons of iron ore, 273,500 tons of sponge iron, 36,225 tons of aluminum, 41,400 tons of zinc, 20,910 tons of copper, 510 tons of molybdenum concentrate, 1,000 tons of coke, 60 tons of lead, 60 tons of precious metals concentrate and 57 kg of gold bars.

Last was the IME’s side market on which the exchange traded 31,660 tons commodities.

The value of trades at Iran Mercantile Exchange rose 102 percent, and the volume of trades at the exchange increased 128 percent in the past Iranian calendar year 1400 (ended on March 20), which was the highest level of growth in the history of the exchange since its establishment.

Statistical data show that in the past year, in addition to new records in the volume and value of trades of different products, 10 major records in total value and physical market trades were registered. In a way that besides the total value of trades, the volume and value of physical market trades, the volume, and value of industrial products and petrochemicals trades, the value of oil products trades and the volume and value of side market trades all hit records.

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/MA

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