IME’s Weekly Trades Register Higher Records in Value, Volume
The IME witnessed trade of 3,112,323 tons of commodities with a total trading value of nearly $804 million within the week ending on March 1, 2024, posting growths of 4% and 21% in volume and value of trades compared with the week before, according to a report by the IME's International Affairs and PR.
It added that the exchange saw on its metals and minerals trading floor trade of 2,506,566 tons of commodities worth more than $531 million.
On this floor the IME sold 1,396,003 tons of cement, 550,609 tons of steel, 514,000 tons of iron ore, 124,300 tons of sponge iron, 10,675 tons of aluminum, 9,614 tons of copper, 1,115 tons of zinc and 250 tons of molybdenum concentrate.
Furthermore, the IME witnessed on both domestic and export rings of its oil and petrochemical trading floor 593,774 tons of commodities valued at more than $258 million.
Commodities traded on this floor included 159,000 tons of vacuum bottom, 113,327 tons of polymeric products, 42,146 tons of chemicals, 35,300 tons of lube cut, 4,890 tons of sulfur, 4,797 tons of oil, 1,295 tons of bitumen, 540 tons of feedstocks and 104 tons of petroleum products.
The IME also traded within the same week 11,982 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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