Commodities worth over $583m traded at IME in a week

TEHRAN- During the past Iranian calendar week (ended on Friday), 2,911,066 million tons of commodities worth more than $583 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 2.502 million tons of commodities valued at almost $371 million.

On this floor the IME sold 1,234,929 tons of cement, 915,000 tons of iron ore, 259,662 tons of steel, 72,000 tons of sponge iron, 5,870 tons of zinc, 40,950 tons of aluminum, 7,580 tons of copper, 200 tons of molybdenum concentrate, 30 tons of precious metals concentrate, 94 kg of gold bars and 279 vehicles.

Furthermore, the IME witnessed on both domestic and export rings of its oil and petrochemical trading floor 372,559 tons of commodities worth more than $194 million.

Commodities traded on this floor included 86,278 tons of polymeric products, 98,000 tons of vacuum bottom, 26,000 tons of lube cut, 34,943 tons of chemicals, 8,325 tons of sulfur, 4,154 tons of base oil, 500 tons of insulation and 112,749 tons of bitumen.

The IME also traded within the same week 35,935 tons of commodities on its side market.

As previously reported, 10,619,520 tons of commodities worth over $2.3 billion were traded at Iran Mercantile Exchange during the past Iranian calendar month Mehr (ended on October 22).

The exchange traded on both domestic and export rings of its oil and petrochemical trading floor 1.719 million tons of commodities valued at nearly $850 million.

The IME’s customers purchased on this floor 472,010 tons of vacuum bottom, 528,404 tons of bitumen, 357,011 tons of polymeric products, 160,000 tons of lube cut, 148,706 tons of chemicals, 25,200 tons of sulfur, 12,453 tons of oil and 3,870 tons of insulation.

Furthermore, the exchange saw trade of 8.812 million tons of commodities worth more than $1.5 billion on its metals and minerals trading floor.

Items traded on this floor included 4.637 million tons of cement, 1.627 million tons of steel, 1.952 million tons of iron ore, 512,000 tons of sponge iron, 34,375 tons of aluminum, 34,255 tons of zinc, 28,731 tons of copper, 800 tons of molybdenum concentrate, 39 tons of precious metals concentrate and 73 kg of gold bars.

Last was the IME’s side market on which the exchange traded 87,534 tons commodities.

The value of trades at 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).

MA/MA

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