Iran Mercantile Exchange Weekly Trade Up 13% in Volume
The IME witnessed trade of 3,116,158 tons of commodities with a total trading value of more than $624 million on its physical market within the week ending on January 5, 2024, posting growths of 1.7% and 13.1% in value and volume of trades compared to the figures of the previous week, the IME's International Affairs and PR reported.
It added that the exchange saw on its metals and minerals trading floor trade of 2,439,652 tons of commodities valued at nearly $350 million.
On this floor the IME sold 1,250,716 tons of cement, 792,000 tons of iron ore, 255,597 tons of steel, 119,000 tons of sponge iron, 12,095 tons of aluminum, 10,121 tons of copper, 2,510 tons of zinc, 200 tons of molybdenum concentrate and 9 tons of precious metals concentrate.
Moreover, the IME witnessed on both domestic and export rings of its oil and petrochemical trading floor 667,115 tons of commodities worth more than $270 million.
Commodities traded on this floor included 265,011 tons of bitumen, 176,900 tons of vacuum bottom, 100,623 tons of polymeric products, 57,000 tons of lube cut, 44,697 tons of chemicals, 13,570 tons of sulfur, 5,560 tons of petroleum products, 3,818 tons of oil, 500 tons of waterproofing materials and 380 tons of feedstocks.
The IME also traded within the same week 9,390 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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