September 24, 2023

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Commodities worth almost $4b traded at IME in a month

TEHRAN- During the past Iranian calendar month Esfand (the last month of the previous Iranian calendar year) Iran Mercantile Exchange (IME) witnessed trade of 11,781,118 tons of commodities and 11,265 vehicles with a total trading value of almost $4 billion, registering growth of 16.3 percent in value and 13.3 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 both domestic and export pits of its oil and petrochemical trading floor, trade of 1,649,866 tons of commodities valued at more than $1 billion.

The IME’s customers purchased on this floor 527,194 tons of bitumen, 428,160 tons of polymeric products, 334,000 tons of vacuum bottom, 159,000 tons of lube cut, 146,843 tons of chemicals, 38,900 tons of sulfur, 14,821 tons of oil 5,272 tons of petroleum products, 890 tons of gas feedstocks and 800 tons of insulation.

Moreover, the exchange saw trade of 9,809,448 tons of commodities and 11,265 vehicles worth nearly $3 billion on its metals and minerals trading floor.

Items traded on this floor included 4,496,923 tons of cement, 3,251,000 tons of iron ore, 1,605,401 tons of steel, 392,100 tons of sponge iron, 238,100 tons of zinc, 39,675 tons of aluminum, 29,355 tons of copper, 1,500 tons of cast iron, 1,090 tons of molybdenum concentrate, 48 tons of precious metals concentrate and 29 kg of gold bars.

Last was the IME’s side market on which the exchange traded 321,804 tons of commodities.

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).


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