Iran Mercantile Exchange Weekly Trade Up 4% in Volume
The IME witnessed trade of 3,180,635 tons of commodities with a total trading value of more than $731 million on its physical market within the week ending on February 16, 2024, according to a report by the IME's International Affairs and PR.
The exchange saw on its metals and minerals trading floor trade of 2,708,160 tons of commodities valued at nearly $506 million.
On this floor the IME sold 1,210,277 tons of cement, 745,000 tons of iron ore, 392,000 tons of sponge iron, 344,103 tons of steel, 8,660 tons of copper, 7,880 tons of aluminum and 250 tons of molybdenum concentrate.
Moreover, the IME witnessed on both domestic and export rings of its oil and petrochemical trading floor 469,613 tons of commodities worth more than $219 million.
Commodities traded on this floor included 167,000 tons of vacuum bottom, 101,918 tons of polymeric products, 100,342 tons of bitumen, 53,000 tons of lube cut, 33,608 tons of chemicals, 9,150 tons of sulfur, 4,133 tons of oil, 260 tons of feedstocks and 100 tons of waterproofing materials.
The IME also traded within the same week 2,861 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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