IME’s value of weekly trade up 14%

July 11, 2021 - 14:22

TEHRAN- The value of trades at Iran Mercantile Exchange (IME) increased 14 percent during the past Iranian calendar week (ended on Friday).

As reported by the IME’s Public Relations and International Affairs Department, in the past week, 1.322 million tons of commodities with a total trading value of $486 million were traded at the exchange, showing also a 30-percent growth in terms of the volume of traded commodities.

The exchange sold on its metals and minerals trading floor 945,515 tons of commodities valued at nearly $305 million.

Commodities traded on this floor included 342,413 tons of steel, 3,32 tons of copper, 5,450 tons of aluminum, 27 tons of precious metals concentrate, 28,605 tons of zinc, 475,750 tons of cement, 10 kg of gold bars, 13,000 tons of sponge iron and 80,000 tons of iron ore.

Furthermore, the IME saw trade of 372,006 tons of commodities on both export pits of its oil and petrochemical trading floor with a total trading value of more than $179 million.

The IME's customers purchased on this floor 93,500 tons of vacuum bottom, 109,405 tons of bitumen, 84,402 tons of polymeric products, 30,739 tons of chemicals, 32,000 tons of lube cut, 3,795 tons of base oil, 110 tons of argon, 25,500 tons of sulfur and 260 tons of insulation.

It's worth noting that the IME also played host to trading 5,080 tons of commodities on its side market

As previously reported, the value of trade at Iran Mercantile Exchange rose eight percent during the past Iranian calendar month (May 22-June 21).

More than 3.623 million tons of commodities worth over $1.88 billion was traded at the exchange in the past month, indicating also 22 percent growth in terms of weight as compared to its preceding month.

The IME sold on its metal and mineral trading floor 1.816 million tons of commodities worth almost $1.076 billion.

Commodities traded on this floor included 979,170 tons of various types of steel, 550, 280 tons of cement, 26,060 tons of copper, 690 tons of molybdenum concentrate, 129 tons of precious metals concentrate, 31,245 tons of aluminum, 165,000 tons of iron ore, 33,705 tons of zinc, 400 tons of metallurgical coke, 60,000 tons of sponge iron, 250 tons of lead and 13 kg of gold bars.

Furthermore, the exchange played host to trading of 1.74 million tons of commodities on both domestic and export pits of its oil and petrochemical trading floor valued at more than $795 million.

The IME's customers purchased on this floor 492,393 tons of various grades of bitumen, 319,550 tons of polymeric products, 159,480 tons of chemicals, 19,834 tons of oil, 540,400 tons of vacuum bottom, 42,630 tons of sulfur, 450 tons of argon, 550 tons of insulation and 157,000 tons of lube cut.

There were also 6,316 tons of commodities traded on the IME's side market.

The value of trades at Iran Mercantile Exchange in the previous Iranian calendar year (ended on March 20) rose 108 percent compared to the preceding year.

During the past year, about 3.5 quadrillion rials (about $83.5 billion) worth of commodities were traded at the mentioned market.

In the past year, several new records were achieved in terms of the volume and value of transactions in the mentioned market’s various floors including the industrial, petroleum, and petrochemical floors.

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).

MA/MA

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