Iran Mercantile Exchange Weekly Trade Up 10%
The IME witnessed trade of 2,871,480 tons of commodities with a total trading value of over $601mln on its physical market, posting growths of 10% in volume of trades compared to the figures of the previous week.
The IME's International Affairs and PR reported that the exchange saw on its metals and minerals trading floor trade of 2,357,408 tons of commodities valued at nearly $382mln.
On this floor the IME sold 1,284,083 tons of cement, 590,000 tons of iron ore, 337,115 tons of steel, 133,000 tons of sponge iron, 7,670 tons of copper, 6,090 tons of aluminum, 1,000 tons of zinc, 500 tons of cast iron and 200 tons of molybdenum concentrate.
Also, the IME witnessed on both domestic and export rings of its oil and petrochemical trading floor 455,563 tons of commodities worth more than $164mln.
Commodities traded on this floor included 167,500 tons of vacuum bottom, 103,779 tons of bitumen, 91,678 tons of polymeric products, 35,067 tons of chemicals, 35,000 tons of lube cut, 13,565 tons of sulfur, 5,584 tons of oil, 5,326 tons of petroleum products, 320 tons of feedstocks and 200 tons of waterproofing materials.
The IME also traded within the same week 58,509 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).
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