TEHRAN- During the past Iranian calendar week (ended on Friday), Iran Mercantile Exchange (IME) witnessed trade of 3,095,070 tons of commodities with a total trading value of more than $801 million on its physical market, posting growths of 3.5 percent and 2.3 percent in value and volume of trades compared to the figures of the previous week.
As reported by the IME’s Public Relations and International Affairs Department, the exchange saw on its metals and minerals trading floor trade of 2,497,916 tons of commodities valued at more than $530 million.
On this floor the IME sold 1,158,006 tons of cement, 595,000 tons of iron ore, 531,365 tons of steel, 206,000 tons of sponge iron, 7,233 tons of copper, 5,300 tons of aluminum, 800 tons of cast iron, 300 tons of coke and 290 tons of molybdenum concentrate.
Based on this report, the exchange saw trade of 400 kg of saffron on its agricultural trading floor.
Furthermore, the IME witnessed on both domestic and export rings of its oil and petrochemical trading floor 578,451 tons of commodities worth more than $258 million.
Commodities traded on this floor included 182,000 tons of vacuum bottom, 181,506 tons of bitumen, 96,549 tons of polymeric products, 68,500 tons of lube cut, 39,133 tons of chemicals, 5,776 tons of oil, 2,758 tons of petroleum products, 2,520 tons of sulfur, 1,000 tons of slop wax, 300 tons of insulation and 290 tons of feedstocks.
The IME also traded within the same week 18,702 tons of commodities on its side market.
As previously reported, Iran Mercantile Exchange witnessed trade of 11,117,938 tons of commodities and 170 vehicles with a total trading value of almost $3 billion on its physical market during the past Iranian calendar month (ended on July 22).
As reported, the exchange saw on its metals and minerals trading floor, trade of 8,893,677 tons of commodities valued at nearly $2 billion.
Items traded on this floor included 4,603,093 tons of cement, 1,979,000 tons of iron ore, 1,366,709 tons of steel, 906,200 tons of sponge iron, 62,625 tons of aluminum, 52,641 tons of copper, 42,550 tons of zinc, 2,000 tons of coke, 820 tons of molybdenum concentrate, 550 tons of cast iron, 75 tons of precious metals concentrate and 170 vehicles.
Based on this report, the exchange saw trade of 1,200 kg of saffron on its agricultural trading floor.
Moreover, the exchange saw trade of 1,995,334 tons of commodities worth more than $892 million on both domestic and export pits of its oil and petrochemical trading floor.
The IME’s customers purchased on this floor 589,591 tons of bitumen, 567,000 tons of vacuum bottom, 422,963 tons of polymeric products, 187,000 tons of lube cut, 164,147 tons of chemicals, 33,215 tons of sulfur, 17,006 tons of oil, 16,068 tons of petroleum products, 1,345 tons of insulation and 790 tons of feedstocks.
Last was the IME’s side market on which the exchange traded 228,925 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/488111/Commodities-worth-over-800m-traded-at-IME-in-a-week