Iran Mercantile Exchange Monthly Trade Exceeds 14 Million Tons
13:00 - February 26, 2024

Iran Mercantile Exchange Monthly Trade Exceeds 14 Million Tons

TEHRAN (ANA)- The Iran Mercantile Exchange (IME) announced that over $3bln of various commodities weighting over 14mln tons were traded in its domestic trading and exports halls during the Iranian month of Bahman (ended on February 19).
News ID : 5256

The IME witnessed trade of 14,158,727 tons of commodities and 337 vehicles with a total trading value of more than $3 billion on its physical market, logging growths of 1.2% in volume and 14.6% in value of trades compared with the month before that, according to a report by the IME's International Affairs and PR.

The exchange saw on its metals and minerals trading floor, trade of 11,508,886 tons of commodities and 337 vehicles valued at more than $2 billion.

On this floor the IME sold 5,964,981 tons of cement, 2,694,000 tons of iron ore, 2,036,041 tons of steel, 712,500 tons of sponge iron, 96,850 tons of zinc, 42,959 tons of copper, 40,800 tons of aluminum, 35,000 tons of cast iron, 1,150 tons of molybdenum concentrate, 57 tons of precious metals concentrate and 337 vehicles.

Moreover, the exchange saw trade of 2,442,645 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 883,906 tons of bitumen, 677,500 tons of vacuum bottom, 474,154 tons of polymeric products, 151,100 tons of lube cut, 152,866 tons of chemicals, 49,025 tons of sulfur, 24,998 tons of oil, 3,640 tons of petroleum products, 1,705 tons of feedstocks and 1,395 tons of waterproofing materials.

Last was the IME's side market on which the exchange traded 116,215 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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