TEHRAN- During the past Iranian calendar week (ended on Friday), Iran Mercantile Exchange (IME) witnessed trade of 2,722,821 tons of commodities with a total trading value of more than $614 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 2,218,666 tons of commodities valued at nearly $363 million.
On this floor the IME sold 1,301,665 tons of cement, 456,000 tons of iron ore, 333,131 tons of steel, 145,500 tons of sponge iron, 7,415 tons of copper, 4,405 tons of aluminum, 550 tons of zinc, 200 tons of molybdenum concentrate and 45 tons of precious metals concentrate.
It’s worth noting as well that the IME’s agricultural trading floor saw trade of 1,050 kg of saffron.
Moreover, the IME witnessed on both domestic and export rings of its oil and petrochemical trading floor 471,169 tons of commodities worth more than $236 million.
Commodities traded on this floor included 177,580 tons of bitumen, 146,500 tons of vacuum bottom, 101,228 tons of polymeric products, 38,703 tons of chemicals, 6,390 tons of sulfur, 854 tons of petroleum products, 600 tons of waterproofing materials, 140 tons of feedstocks, 100 tons of oil and 80 tons of lube cut.
The IME also traded within the same week 32,986 tons of goods on its side market.
As previously reported, Iran Mercantile Exchange witnessed trade of 11.9 million tons of commodities and 81 vehicles with a total trading value of more than $2.7 billion on its physical market during the past Iranian calendar month (ended on September 22).
The exchange saw on its metals and minerals trading floor, trade of 9,548,604 tons of commodities and 81 vehicles valued at more than $1.6 billion.
On this floor the IME sold 4,926,643 tons of cement, 2,350,000 tons of iron ore, 1,417,048 tons of steel, 886,000 tons of sponge iron, 85,575 tons of aluminum, 47,680 tons of zinc, 22,454 tons of copper, 1,450 tons of cast iron, 1,000 tons of coke, 670 tons of molybdenum concentrate and 45 tons of precious metals concentrate.
It’s worth noting that the IME also traded 1,530 kg of saffron on its agricultural trading floor.
Furthermore, the exchange saw trade of 2,189,032 tons of commodities worth more than $1 billion on both domestic and export rings of its oil and petrochemical trading floor.
Items traded on this floor included 718,000 tons of vacuum bottom, 693,759 tons of bitumen, 387,774 tons of polymeric products, 167,868 tons of chemicals, 149,800 tons of lube cut, 35,560 tons of sulfur, 20,609 tons of oil, 14,812 tons of petroleum products, 1,980 tons of feedstocks, 1,500 tons of slop wax and 1,030 tons of waterproofing materials.
Last was the IME’s side market on which the exchange traded 170,109 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).