Iran Mercantile Exchange Weekly Trade Up 2%
Within the week ending on December 8, 2023, the IME witnessed trade of 3,053,794 tons of commodities with a total trading value of more than $650 million on its physical market, the IME's International Affairs and PR reported.
It added that the exchange saw on its metals and minerals trading floor trade of 2,519,824 tons of commodities valued at more than $426 million.
On this floor the IME sold 1,310,765 tons of cement, 647,000 tons of iron ore, 438,984 tons of steel, 119,000 tons of sponge iron, 7,750 tons of copper, 7,890 tons of aluminum, 365 tons of zinc, 200 tons of molybdenum concentrate, 75 tons of lead and 45 tons of precious metals concentrate.
The IME also traded 5 tons of cotton on its agricultural trading floor, according to the report.
Moreover, the IME witnessed on both domestic and export rings of its oil and petrochemical trading floor 512,618 tons of commodities worth nearly $217 million.
Commodities traded on this floor included 190,000 tons of vacuum bottom, 153,785 tons of bitumen, 94,066 tons of polymeric products, 32,000 tons of lube cut, 31,269 tons of chemicals, 3,923 tons of oil, 3,775 tons of sulfur and 520 tons of feedstocks.
The IME also traded within the same week 21,346 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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