Commodities worth nearly $733m traded at IME in a week

During the past Iranian calendar week (ended on Friday), Iran Mercantile Exchange (IME) witnessed trade of 3,064,574 tons of commodities with a total trading value of nearly $733 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 2,567,404 tons of commodities valued at more than $468 million.

On this floor the IME sold 1,229,740 tons of cement, 702,000 tons of iron ore, 47,519 tons of steel, 146,000 tons of sponge iron, 8,410 tons of copper, 6,380 tons of aluminum, 1,185 tons of zinc, 225 tons of cast iron and 200 tons of molybdenum concentrate.

Based on this report, the IME witnessed on both domestic and export rings of its oil and petrochemical trading floor 479,739 tons of commodities worth almost $255 million.

Commodities traded on this floor included 173,000 tons of vacuum bottom, 111,018 tons of bitumen, 107,305 tons of polymeric products, 46,500 tons of lube cut, 36,828 tons of chemicals, 2,280 tons of sulfur, 2,084 tons of oil, 940 tons of waterproofing materials, 750 tons of petroleum products and 190 tons of feedstocks.

The IME also traded within the same week 17,431 tons of goods on its side market.
As previously reported, Iran Mercantile Exchange witnessed trade of 11.9 million tons of commodities and 81 vehicles with a total trading value of more than $2.7 billion on its physical market during the past Iranian calendar month (ended on September 22).

The exchange saw on its metals and minerals trading floor, trade of 9,548,604 tons of commodities and 81 vehicles valued at more than $1.6 billion.
On this floor the IME sold 4,926,643 tons of cement, 2,350,000 tons of iron ore, 1,417,048 tons of steel, 886,000 tons of sponge iron, 85,575 tons of aluminum, 47,680 tons of zinc, 22,454 tons of copper, 1,450 tons of cast iron, 1,000 tons of coke, 670 tons of molybdenum concentrate and 45 tons of precious metals concentrate.

It’s worth noting that the IME also traded 1,530 kg of saffron on its agricultural trading floor.
Furthermore, the exchange saw trade of 2,189,032 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 718,000 tons of vacuum bottom, 693,759 tons of bitumen, 387,774 tons of polymeric products, 167,868 tons of chemicals, 149,800 tons of lube cut, 35,560 tons of sulfur, 20,609 tons of oil, 14,812 tons of petroleum products, 1,980 tons of feedstocks, 1,500 tons of slop wax and 1,030 tons of waterproofing materials.
Last was the IME’s side market on which the exchange traded 170,109 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).