Commodities worth $589m traded at IME in a week
TEHRAN- During the past Iranian calendar week (ended on Friday), 2,234,448 tons of commodities worth $589 million were traded at Iran Mercantile Exchange (IME).
As reported by the IME’s Public Relations and International Affairs Department, the exchange traded on its metals and minerals trading floor 1.972 million tons of commodities valued at nearly $380 million.
On this floor, the IME’s customers purchased 1,201,963 tons of cement, 391,000 tons of iron ore, 300,451 tons of steel, 60,000 tons of sponge iron, 13,475 tons of aluminum, 8,441 tons of copper, 1,185 tons of zinc, 140 tons of molybdenum concentrate, 30 tons of precious metals concentrate and 3 kg of gold bars.
Furthermore, the IME witnessed on both domestic and export rings of its oil and petrochemical trading floor 252,044 tons of commodities worth more than $201 million.
The exchange’s customers purchased on this floor 88,445 tons of polymeric products, 44,861 tons of bitumen, 12,000 tons of lube cut, 63,300 tons of vacuum bottom, 30,850 tons of chemicals, 6,885 tons of sulfur, 6,200 tons of base oil and 50 tons of argon.
Last but not least was the IME’s side market with 9,719 tons of commodities traded on it.
As previously reported, 7.939 million tons of commodities worth more than 665 trillion rials (about $2.519 billion) were traded at Iran Mercantile Exchange in the past Iranian calendar month Ordibehesht (ended on May 21), the second month of Iranian calendar year.
The trades show 11 percent and nine percent growth in value and weight, respectively, as compared to the first month.
Some 6.68 million tons of commodities valued at over 403 trillion rials (about $1.55 billion) were traded on the metals and minerals trading floor.
Furthermore, the IME saw the trade of 1.215 million tons of commodities on both domestic and export pits of its oil and petrochemical trading floor valued at 249 trillion rials (about $956 million).
IME’s agriculture products trading floor hosted trades of five tons of saffron in the second month.
Last but not least was the IME’s side market with 43,644 tons of commodities traded on it.
The value of trades at the Iran Mercantile Exchange rose 102 percent, and the volume of trades at the exchange increased 128 percent in the past Iranian calendar year 1400 (ended on March 20), which was the highest level of growth in the history of the exchange since its establishment.
Statistical data show that in the past year, in addition to new records in the volume and value of trades of different products, 10 major records in total value and physical market trades were registered. In a way that besides the total value of trades, the volume and value of physical market trades, the volume, and value of industrial products and petrochemicals trades, the value of oil products trades and the volume and value of side market trades all hit records.
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).