IME Trades over 3 Million Tons of Commodities
Within the week ending on February 9, 2024, the IME witnessed trade of 3,029,447 tons of commodities with a total trading value of more than $883 million on its physical market, the IME's International Affairs and PR reported.
The exchange saw on its metals and minerals trading floor trade of 2,323,199 tons of commodities valued at nearly $585 million, it added.
On this floor the IME sold 1,147,302 tons of cement, 595,856 tons of steel, 460,000 tons of iron ore, 85,500 tons of sponge iron, 20,000 tons of cast iron, 8,750 tons of aluminum, 7,270 tons of copper, 700 tons of zinc, 250 tons of molybdenum concentrate and 21 tons of precious metals concentrate.
Moreover, the IME witnessed on both domestic and export rings of its oil and petrochemical trading floor 601,555 tons of commodities worth more than $270 million.
Commodities traded on this floor included 224,971 tons of bitumen, 175,000 tons of vacuum bottom, 107,289 tons of polymeric products, 41,671 tons of chemicals, 19,000 tons of lube cut, 11,450 tons of sulfur, 5,503 tons of oil, 500 tons of waterproofing materials and 350 tons of feedstocks.
The IME also traded within the same week 63,692 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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