Iran Mercantile Exchange Monthly Trade Increases 7% in Value
The IME reported that it witnessed trade of 13,986,385 tons of commodities, 29 vehicles and 4 apartment units within the month which ended on January 20, 2024, with a total trading value of nearly $3 billion on its physical market, logging growths of 16.7% in volume and 7% in value of trades compared to the previous month.
According to a report by the IME's International Affairs and PR, the exchange saw on its metals and minerals trading floor, trade of 11,144,000 tons of commodities and 29 vehicles valued at almost $2 billion.
On this floor the IME sold 4,900,284 tons of cement, 4,249,500 tons of iron ore, 1,725,807 tons of steel, 520,500 tons of sponge iron, 69,725 tons of zinc, 36,206 tons of copper, 32,835 tons of aluminum, 800 tons of molybdenum concentrate, 600 tons of coke, 200 tons of cast iron, 175 tons of lead, 57 tons of precious metals concentrate and 29 vehicles.
It's worth noting that the IME also traded 4 apartment units on its real estate and housing trading floor.
Moreover, the exchange saw trade of 2,361,184 tons of commodities worth more than $1 billion on both domestic and export rings of its oil and petrochemical trading floor.
Items traded on this floor included 754,131 tons of bitumen, 737,400 tons of vacuum bottom, 419,600 tons of polymeric products, 223,500 tons of lube cut, 152,463 tons of chemicals, 46,500 tons of sulfur, 17,819 tons of oil, 9,612 tons of petroleum products, 1,860 tons of feedstocks, 1,148 tons of waterproofing materials and 500 tons of slops wax.
Last was the IME's side market on which the exchange traded 122,990 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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