Commodities

Commodities worth over $624m traded at IME in a week

TEHRAN- During the past Iranian calendar week (ended on Friday), Iran Mercantile Exchange (IME) witnessed trade of 3,116,158 tons of commodities with a total trading value of more than $624 million on its physical market, posting growths of 1.7 percent and 13.1 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 2,439,652 tons of commodities valued at nearly $350 million.

On this floor the IME sold 1,250,716 tons of cement, 792,000 tons of iron ore, 255,597 tons of steel, 119,000 tons of sponge iron, 12,095 tons of aluminum, 10,121 tons of copper, 2,510 tons of zinc, 200 tons of molybdenum concentrate and 9 tons of precious metals concentrate.

Moreover, the IME witnessed on both domestic and export rings of its oil and petrochemical trading floor 667,115 tons of commodities worth more than $270 million.

Commodities traded on this floor included 265,011 tons of bitumen, 176,900 tons of vacuum bottom, 100,623 tons of polymeric products, 57,000 tons of lube cut, 44,697 tons of chemicals, 13,570 tons of sulfur, 5,560 tons of petroleum products, 3,818 tons of oil, 500 tons of waterproofing materials and 380 tons of feedstocks.

The IME also traded within the same week 9,390 tons of goods on its side market.

As previously reported, IME witnessed trade of 11,980,791 tons of commodities with a total trading value of nearly $3 billion on its physical market during the past Iranian calendar month (ended on December 21, 2023).

The exchange saw on its metals and minerals trading floor, trade of 9,893,000 tons of commodities valued at nearly $2 billion.

On this floor the IME sold 5,059,317 tons of cement, 2,279,000 tons of iron ore, 1,930,172 tons of steel, 545,000 tons of sponge iron, 58,805 tons of zinc, 39,140 tons of aluminum, 32,356 tons of copper, 2,275 tons of cast iron, 1,000 tons of coke, 800 tons of molybdenum concentrate, 175 tons of lead and 60 tons of precious metals concentrate.

It’s worth noting that the IME also traded 5 tons of cotton on its agricultural trading floor.

Moreover, the exchange saw trade of 1,944,596 tons of commodities worth more than $866 million on both domestic and export rings of its oil and petrochemical trading floor.

Items traded on this floor included 648,540 tons of vacuum bottom, 548,923 tons of bitumen, 387,000 tons of polymeric products, 190,000 tons of lube cut, 135,220 tons of chemicals, 23,470 tons of sulfur, 15,967 tons of oil, 11,652 tons of petroleum products, 1,925 tons of feedstocks, 1,000 tons of slop wax and 200 tons of waterproofing materials.

Last was the IME’s side market on which the exchange traded 88,089 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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