Commodities worth $604m traded at IME in a week

July 11, 2022 - 12:5

TEHRAN- During the past Iranian calendar week (ended on Friday), 12,466,612 million tons of commodities worth $604 million were traded at Iran Mercantile Exchange (IME).

As reported by the IME’s Public Relations and International Affairs Department, the exchange traded on its metals and minerals trading floor 2.235 million tons of commodities valued at almost $423 million.

Items traded on this floor included 1.186 million tons of cement, 443,619 tons of steel, 520,000 tons of iron ore, 73,000 tons of sponge iron, 1,105 tons of zinc, 8,300 tons of aluminum, 5,000 tons of copper, 190 tons of molybdenum concentrate, 30 tons of precious metals concentrate and 24 kg of gold bars.

Based on this report, the IME witnessed on both domestic and export rings of its oil and petrochemical trading floor 225,317 tons of commodities worth almost $178 million.

The IME's customers purchased on this floor 84,665 tons of polymeric products, 7,150 tons of vacuum bottom, 29,000 tons of lube cut, 40,907 tons of chemicals, 1,295 tons of sulfur, 3,609 tons of base oil, 59,195 tons of bitumen and 330 tons of insulation.

Last was the IME's side market on which the exchange traded 5,752 tons commodities.

As previously reported, 10,826,000 million tons of commodities worth more than $3 billion were traded at Iran Mercantile Exchange during the past Iranian calendar month Khordad (ended on June 21), the third month of Iranian calendar year, showing 21 percent and 36 percent growth in value and weight, respectively, as compared to the second month.

The exchange saw on both domestic and export pits of its oil and petrochemical trading floor, trade of 1.558 million tons of commodities valued at more than $1.1 billion.

The IME's customers purchased on this floor 300,800 tons of vacuum bottom, 400,622 tons of bitumen, 444,102 tons of polymeric products, 206,000 tons of lube cut, 155,855 tons of chemicals, 25,165 tons of sulfur, 24,198 tons of oil, 500 tons of argon and 800 tons of insulation.

Furthermore, the exchange saw trade of more than 9.181 million tons of commodities worth nearly $2 billion on its metals and minerals trading floor.

Items traded on this floor included 5,986,000 tons of cement, 1,669,000 tons of steel, 1,224,000 tons of iron ore, 180,000 tons of sponge iron, 83,470 tons of aluminum, 55,149 tons of zinc, 35,361 tons of copper, 670 tons of molybdenum concentrate, 1,000 tons of coke, 60 tons of lead, 90 tons of precious metals concentrate and 5 kg of gold bars.

On its agricultural trading floor, the exchange saw offering of five tons of saffron.

Next was the IME's automobile trading floor with trades of 22 Cara Sedan automobiles.

Last was the IME's side market on which the exchange traded 86,358 tons commodities.

The value of trades at the Iran Mercantile Exchange rose 102 percent, and the volume of trades at the exchange increased 128 percent in the past Iranian calendar year 1400 (ended on March 20), which was the highest level of growth in the history of the exchange since its establishment.

Statistical data show that in the past year, in addition to new records in the volume and value of trades of different products, 10 major records in total value and physical market trades were registered. In a way that besides the total value of trades, the volume and value of physical market trades, the volume, and value of industrial products and petrochemicals trades, the value of oil products trades and the volume and value of side market trades all hit records.

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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