Iran Mercantile Exchange Monthly Trade Increases 8.4% in Value
The IME said that 13,344,275 tons of commodities with a total trading value of more than $3 billion were traded on its physical market, logging growths of 11.6% in volume and 8.4% in value compared to the last Iranian month of Shahrivar (ended on 22 September).
According to the report, 11,306,756 tons of commodities in the field of metals and minerals valued at nearly $2bln were traded.
The IME sold 6,074,037 tons of cement, 2,552,000 tons of iron ore, 1,817,919 tons of steel, 825,000 tons of sponge iron, 36,635 tons of copper, 27,620 tons of aluminum, 3,475 tons of zinc, 2,975 tons of cast iron, 1,000 tons of molybdenum concentrate, 500 tons of coke and 45 tons of precious metals concentrate.
The IME also traded 1,150kg of saffron on its agricultural trading floor.
Moreover, the exchange saw trade of 1,916,459 tons of commodities worth over $99mln USD on both domestic and export rings of its oil and petrochemical trading floor.
Items traded on this floor included 632,689 tons of bitumen, 519,200 tons of vacuum bottom, 401,991 tons of polymeric products, 163,080 tons of lube cut, 158,650 tons of chemicals, 27,870 tons of sulfur, 23,399 tons of oil, 10,618 tons of petroleum products, 2,140 tons of waterproofing materials, 1,380 tons of feedstocks and 1,000 tons of slop wax.
Last was the IME's side market on which the exchange traded 121,158 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).
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