TEHRAN- During the past Iranian calendar week (ended on Friday), Iran Mercantile Exchange (IME) witnessed trade of 2,664,651 tons of commodities with a total trading value of more than $599 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 2,214,941 tons of commodities valued at more than $376 million.
On this floor the IME sold 1,283,861 tons of cement, 429,000 tons of iron ore, 339,870 tons of steel, 132,600 tons of sponge iron, 26,800 tons of zinc, 6,550 tons of copper, 6,400 tons of aluminum, 200 tons of molybdenum concentrate and 60 tons of precious metals concentrate.
Furthermore, the IME witnessed on both domestic and export rings of its oil and petrochemical trading floor 437,421 tons of commodities worth nearly $220 million.
Commodities traded on this floor included 123,000 tons of vacuum bottom, 105,591 tons of bitumen, 103,996 tons of polymeric products, 45,494 tons of chemicals, 43,000 tons of lube cut, 9,900 tons of sulfur, 5,196 tons of base oil, 1,014 tons of petroleum products, 240 tons of gas feedstocks and 150 tons of insulation.
The IME also traded within the same week 12,290 tons of commodities on its side market.
As previously reported, IME witnessed trade of 11,781,118 tons of commodities and 11,265 vehicles with a total trading value of almost $4 billion during the past Iranian calendar month Esfand (the last month of the previous Iranian calendar year), registering growth of 16.3 percent in value and 13.3 percent in volume of trades compared with the month before that.
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).
Original News : https://www.tehrantimes.com/news/483745/Commodities-worth-over-599m-traded-at-IME-in-a-week
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