Home Commodities Commodities worth over $880m traded at IME in a week

Commodities worth over $880m traded at IME in a week

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TEHRAN- During the past Iranian calendar week (ended on Friday), Iran Mercantile Exchange (IME) witnessed trade of 3,029,447 tons of commodities with a total trading value of more than $883 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 2,323,199 tons of commodities valued at nearly $585 million.

On this floor the IME sold 1,147,302 tons of cement, 595,856 tons of steel, 460,000 tons of iron ore, 85,500 tons of sponge iron, 20,000 tons of cast iron, 8,750 tons of aluminum, 7,270 tons of copper, 700 tons of zinc, 250 tons of molybdenum concentrate and 21 tons of precious metals concentrate.

Moreover, the IME witnessed on both domestic and export rings of its oil and petrochemical trading floor 601,555 tons of commodities worth more than $270 million.

Commodities traded on this floor included 224,971 tons of bitumen, 175,000 tons of vacuum bottom, 107,289 tons of polymeric products, 41,671 tons of chemicals, 19,000 tons of lube cut, 11,450 tons of sulfur, 5,503 tons of oil, 500 tons of waterproofing materials and 350 tons of feedstocks.

The IME also traded within the same week 63,692 tons of goods on its side market.

As previously reported, IME witnessed trade of 13,986,385 tons of commodities, 29 vehicles and four apartment units with a total trading value of nearly $3 billion on its physical market, during the past Iranian calendar month (ended on January 20), logging growths of 16.7 percent in volume and seven percent in value of trades compared with the month before that.

The exchange saw on its metals and minerals trading floor, trade of 11,144,000 tons of commodities and 29 vehicles valued at almost $2 billion.

On this floor the IME sold 4,900,284 tons of cement, 4,249,500 tons of iron ore, 1,725,807 tons of steel, 520,500 tons of sponge iron, 69,725 tons of zinc, 36,206 tons of copper, 32,835 tons of aluminum, 800 tons of molybdenum concentrate, 600 tons of coke, 200 tons of cast iron, 175 tons of lead, 57 tons of precious metals concentrate and 29 vehicles.

It’s worth noting that the IME also traded four apartment units on its real estate and housing trading floor.

Moreover, the exchange saw trade of 2,361,184 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 754,131 tons of bitumen, 737,400 tons of vacuum bottom, 419,600 tons of polymeric products, 223,500 tons of lube cut, 152,463 tons of chemicals, 46,500 tons of sulfur, 17,819 tons of oil, 9,612 tons of petroleum products, 1,860 tons of feedstocks, 1,148 tons of waterproofing materials and 500 tons of slops wax.

Last was the IME’s side market on which the exchange traded 122,990 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

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