Weekly Trade of Commodities at IME Market Exceeds 640 Million Dollars
The IME witnessed trade of 2,912,114 tons of commodities with a total trading value of more than $649 million on its physical market, posting growths of 1.4% in volume and 8.4% in value of trades during the week ending on November 17, compared to the figures of the previous week.
According to a report by the IME's International Affairs and PR, the exchange saw on its metals and minerals trading floor trade of 2,405,543 tons of commodities valued at almost $426 million.
On this floor the IME sold 1,329,553 tons of cement, 527,000 tons of iron ore, 417,375 tons of steel, 119,000 tons of sponge iron, 7,931 tons of copper, 6,965 tons of aluminum, 1,000 tons of coke, 825 tons of zinc, 200 tons of molybdenum concentrate and 75 tons of lead.
Furthermore, the IME witnessed on both domestic and export rings of its oil and petrochemical trading floor 498,114 tons of commodities worth nearly $219 million.
Commodities traded on this floor included 152,552 tons of bitumen, 141,650 tons of vacuum bottom, 88,208 tons of polymeric products, 62,000 tons of lube cut, 30,544 tons of chemicals, 14,250 tons of sulfur, 4,145 tons of oil, 4,000 tons of petroleum products, 540 tons of feedstocks and 300 tons of waterproofing materials.
The IME also traded within the same week 8,456 tons of goods on its side market.
The 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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