Commodities worth over $485m traded at IME in a week

As reported by the IME’s Public Relations and International Affairs Department, the exchange traded on its metals and minerals trading floor 1.669 million tons of commodities valued at almost $279 million.

Commodities sold on this floor included 1,035,636 tons of cement, 270,000 tons of iron ore, 268,573 tons of steel, 76,000 tons of sponge iron, 8,875 tons of zinc, 5,850 tons of aluminum, 4,570 tons of copper, 200 tons of molybdenum concentrate, 39 tons of precious metals concentrate, 27 kg of gold bars and 481 Haima SUV automobiles.

Furthermore, the IME saw on both domestic and export pits of its oil and petrochemical trading floor 384,905 tons of commodities worth nearly $204 million.

The IME's customers purchased on this floor 92,276 tons of polymeric products, 93,000 tons of vacuum bottom, 38,000 tons of lube cut, 34,058 tons of chemicals, 11,700 tons of sulfur, 3,948 tons of base oil, 340 tons of insulation and 110,295 tons of bitumen.

Last but not least was the IME's side market with 1,752 tons of commodities traded on it.

As previously reported, 10.311 million tons of commodities worth $2.2 billion were traded at Iran Mercantile Exchange during the past Iranian calendar month Mordad (ended on August 22).

The exchange traded on both domestic and export rings of its oil and petrochemical trading floor 1.827 million tons of commodities valued at more than $864 million.

The IME's customers purchased on this floor 547,600 tons of vacuum bottom, 532,275 tons of bitumen, 321,756 tons of polymeric products, 149,500 tons of lube cut, 134,590 tons of chemicals, 110,125 tons of sulfur, 22,017 tons of oil, 2,000 tons of slops wax and 1,300 tons of insulation.

Furthermore, the exchange saw trade of 8.443 million tons of commodities worth more than $1.4 billion on its metals and minerals trading floor.

Items traded on this floor included 4,231,000 tons of cement, 1,253,000 tons of steel, 2,374,000 tons of iron ore, 371,500 tons of sponge iron, 46,555 tons of aluminum, 114,875 tons of zinc, 25,701 tons of copper, 730 tons of molybdenum concentrate, 500 tons of coke, 60 tons of precious metals concentrate, 91 kg of gold bars and 600 dignity and fidelity SUV automobiles.

The IME also traded within the month 40,997 tons of commodities on its side market.

The value of trades at 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).

Source: Tehran Times