Commodities worth over $696m traded at IME in a week

January 10, 2022 - 11:48

TEHRAN- During the past Iranian calendar week (ended on Friday), 2.115 million tons of commodities worth 202 trillion rials (about $696.55 million) were traded at Iran Mercantile Exchange (IME).

As reported by the IME’s Public Relations and International Affairs Department, the weekly trade witnessed a 77-percent rise in value and 33-percent growth in weight.

The exchange experienced trade of 1.706 million tons of commodities valued at more than 144.543 trillion rials (about $498.42 million) on its metals and mineral trading floor.

Furthermore, the IME saw on both domestic and export pits of its oil and petrochemical trading floor 399,000 tons of commodities worth nearly 55.524 trillion rials (about $191.46 million).

Last but not least was the IME's side market with 9,570 tons of commodities traded on it.

As previously reported, during the past Iranian calendar month (ended on November 21, 2021), 8.961 million tons of commodities worth $2.357 billion were traded at Iran Mercantile Exchange, indicating 18 percent rise in the value and 24 percent growth in the weight of trades as compared to its preceding month.

The exchange sold on its metals and minerals trading floor 7.387 million tons of commodities valued at more than $1.42 billion.

Items traded on this floor included 5.176 million tons of cement, 1.452 million tons of steel, 521,000 tons of iron ore, 172,000 tons of sponge iron (DRI), 31,445 tons of aluminum, 30,535 of zinc, 29,100 tons of copper, 560 tons of molybdenum concentrate, 200 tons of metallurgical coke, 81 tons of precious metals concentrate and 63 kg of gold bars.

Furthermore, the exchange saw trade of more than 1.53 million tons of commodities worth almost $907 million on its oil and petrochemical trading floor.

The IME's customers purchased on this floor 447,000 tons of vacuum bottom, 441,510 tons of bitumen, 324,851 tons of polymeric products, 150,081 tons of chemicals, 135,000 tons of lube cut, 15,682 tons of oil, 13,850 tons of sulfur, 546 tons of insulation and 50 tons of argon.

It's worth noting that the IME's agricultural trading floor played host to trading one ton of saffron in this month.

Last was the IME's side market on which the exchange traded 42,795 tons of non-exchange-listed commodities.

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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