Commodities worth over $670m traded at IME in a week

During the past Iranian calendar week (ended on Friday), Iran Mercantile Exchange (IME) witnessed trade of 2,967,894 tons of commodities with a total trading value of more than $676 million on its physical market.

As reported by the IME’s Public Relations and International Affairs Department, the exchange saw on its metals and minerals trading floor trade of 2,353,072 tons of commodities valued at nearly $405 million.
On this floor the IME sold 1,248,560 tons of cement, 492,000 tons of iron ore, 440,527 tons of steel, 154,000 tons of sponge iron, 56,035 tons of zinc, 9,095 tons of copper, 7,600 tons of aluminum, 2,125 tons of cast iron, 200 tons of molybdenum concentrate and 100 tons of lead.
Furthermore, the IME witnessed on both domestic and export rings of its oil and petrochemical trading floor 548,117 tons of commodities worth more than $233 million.

Commodities traded on this floor included 190,000 tons of vacuum bottom, 161,447 tons of bitumen, 95,910 tons of polymeric products, 51,900 tons of lube cut, 28,876 tons of chemicals, 8,485 tons of sulfur, 4,649 tons of oil, 1,000 tons of slop wax, 430 tons of feedstocks and 200 tons of waterproofing materials.
The IME also traded within the same week 10 tons of goods on its side market.
As previously reported, IME witnessed trade of 12,238,762 tons of commodities and 357 vehicles with a total trading value of nearly $3 billion on its physical market during the past Iranian calendar month (ended on November 21).

The exchange saw on its metals and minerals trading floor, trade of 9,870,000 tons of commodities and 357 vehicles valued at nearly $2 billion.
On this floor the IME sold 5,423,210 tons of cement, 2,091,000 tons of iron ore, 1,769,896 tons of steel, 540,000 tons of sponge iron, 97,220 tons of zinc, 39,325 tons of copper, 28,560 tons of aluminum, 2,000 tons of cast iron, 1,000 tons of coke, 800 tons of molybdenum concentrate and 250 tons of lead.

Moreover, the exchange saw trade of 2,160,633 tons of commodities worth more than $1 billion on both domestic and export rings of its oil and petrochemical trading floor.
Items traded on this floor included 639,750 tons of vacuum bottom, 652,735 tons of bitumen, 455,000 tons of polymeric products, 190,000 tons of lube cut, 135,628 tons of chemicals, 52,765 tons of sulfur, 27,655 tons of oil, 14,674 tons of petroleum products, 1,440 tons of feedstocks, 1,300 tons of waterproofing materials and 1,000 tons of slop wax.

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