Commodities worth over $3b traded at IME in a month

TEHRAN- During the past Iranian calendar month (ended on February 19) Iran Mercantile Exchange (IME) witnessed trade of 14,158,727 tons of commodities and 337 vehicles with a total trading value of more than $3 billion on its physical market, logging growths of 1.2 percent in volume and 14.6 percent in value of trades compared with the month before that.

As reported by the IME’s Public Relations and International Affairs Department, the exchange saw on its metals and minerals trading floor, trade of 11,508,886 tons of commodities and 337 vehicles valued at more than $2 billion.

On this floor the IME sold 5,964,981 tons of cement, 2,694,000 tons of iron ore, 2,036,041 tons of steel, 712,500 tons of sponge iron, 96,850 tons of zinc, 42,959 tons of copper, 40,800 tons of aluminum, 35,000 tons of cast iron, 1,150 tons of molybdenum concentrate, 57 tons of precious metals concentrate and 337 vehicles.

Moreover, the exchange saw trade of 2,442,645 tons of commodities worth more than $1 billion on both domestic and export rings of its oil and petrochemical trading floor.

Items traded on this floor included 883,906 tons of bitumen, 677,500 tons of vacuum bottom, 474,154 tons of polymeric products, 151,100 tons of lube cut, 152,866 tons of chemicals, 49,025 tons of sulfur, 24,998 tons of oil, 3,640 tons of petroleum products, 1,705 tons of feedstocks and 1,395 tons of waterproofing materials.

Last was the IME’s side market on which the exchange traded 116,215 tons of goods.

As previously reported, during the past Iranian calendar week (ended on Friday), Iran Mercantile Exchange  witnessed trade of 3,180,635 tons of commodities with a total trading value of more than $731 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 2,708,160 tons of commodities valued at nearly $506 million.

On this floor the IME sold 1,210,277 tons of cement, 745,000 tons of iron ore, 392,000 tons of sponge iron, 344,103 tons of steel, 8,660 tons of copper, 7,880 tons of aluminum and 250 tons of molybdenum concentrate.

Moreover, the IME witnessed on both domestic and export rings of its oil and petrochemical trading floor 469,613 tons of commodities worth more than $219 million.

Commodities traded on this floor included 167,000 tons of vacuum bottom, 101,918 tons of polymeric products, 100,342 tons of bitumen, 53,000 tons of lube cut, 33,608 tons of chemicals, 9,150 tons of sulfur, 4,133 tons of oil, 260 tons of feedstocks and 100 tons of waterproofing materials.

The IME also traded within the same week 2,861 tons of goods on its side market.

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