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TEHRAN- During the past Iranian calendar week (ending Friday), 634,540 tons of commodities worth $327 million were traded on Iran Mercantile Exchange (IME).
As reported by the International Affairs and Public Relations Department of the IME, the exchange sold 253,528 tons of commodities worth nearly $174 million on its mineral and industrial trading floor.
On this floor, the IME sold 159,438 tons of steel, 4,620 tons of copper, 8,500 tons of aluminum, 160 tons of molybdenum concentrate, 30 tons of precious metal concentrate, 640 tons of zinc ingots, 9,500 tons of zinc dust, 45,930 tons of cement, 1 kg of folding bars and 25,000 tons of sponge iron.
In addition, the IME saw 371,224 tons of commodities worth more than $156 million traded in the same week.
On this floor, IME’s customers purchased 212,900 tons of vacuum bottom, 35,048 tons of bitumen, 50,339 tons of polymer products, 31,517 tons of chemicals, 29,500 tons of lube oil, 5,200 tons of base oil, 60 tons of argon, 4,370 tons of sulfur, 290 tons of insulation and 2,366 tons of PDA TAR.
It is worth noting that the exchange played host to the trading of 432 tons of commodities in the side market.
As previously reported, the value of transactions on Iran Mercantile Exchange rose 16 percent in the past Iranian calendar month (ending May 21).
As reported by IME’s Public Relations and International Affairs Department, 2.925 million tons of commodities worth $1.828 billion were traded on the exchange in the previous month, also indicating a six percent increase in weight terms.
The IME witnessed transactions of 1.464 million tons of commodities worth more than $1.044 billion on the mineral and industrial trading floor.
On this floor, the exchange traded 1,189 million tons of steel, 12,780 tons of copper, 480 tons of molybdenum concentrate, 48 tons of precious metal concentrate, 11,690 tons of aluminum, 239,000 tons of iron ore, 1,000 tons of zinc, 400 tons of coke, 10,000 tons of sponge iron and 250 tons of lead.
The exchange’s other trading floor was the oil and petrochemicals on both domestic and export rings, from which customers bought more than 1,449 million tons of commodities worth nearly $770 million.
The goods traded on this floor included 412,630 tons of bitumen, 238,686 tons of polymer products, 155,372 tons of chemicals, 12,238 tons of oil, 490,300 tons of vacuum bottom, 4,450 tons of sulfur, 350 tons of argon, 150 tons of insulation and 132,500 tons of lube cut.
In addition, the IME saw 11,505 tons of commodities trade on its side market this month.
The value of transactions on Iran Mercantile Exchange in the previous Iranian calendar year (ending March 20) increased by 108 percent compared to the previous year.
During the past year, the said market traded approximately 3.5 trillion rials (about $83.5 billion) worth of commodities.
In the past year, several new records were set in terms of volume and value of transactions in the aforementioned markets, including 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, also known as Iran Fara Bourse (IFB), and Iran Energy Exchange ( IRENEX).
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