Weekly value of IME transactions increases by 18%
TEHRAN – In the last Iranian calendar week (ended Friday), 1.913 million tonnes of commodities worth $ 543 million were traded on the Iran Mercantile Exchange (IME), showing an increase of 18% in value and a 5% growth in trade volume compared to its previous week.
As reported by the IME’s Public Relations and International Affairs Department, the exchange recorded trading of 1.479 million tonnes of commodities valued at over $ 301 million on its metals and minerals trading floor. .
The goods sold on this floor included one million tons of cement, 329,144 tons of steel, 6,700 tons of copper, 7,250 tons of aluminum, 24 tons of precious metal concentrate, 280 tons of molybdenum sulfur, 100 tonnes of zinc, 26 kg of gold ingots and 19,000 tonnes of iron sponge.
In addition, the EMI saw on domestic and export wells of its petroleum and petrochemical trading floor 429,560 tonnes of goods valued at more than $ 237 million.
The customers of the IME bought on this floor 96,000 tonnes of vacuum base, 120,000 tonnes of bitumen, 81,913 tonnes of polymer products, 38,051 tonnes of chemicals, 48,000 tonnes of lubricant cutting, 3,047 tonnes of base oil, 2,500 tonnes of slop wax, 570 tonnes of insulation and 40,120 tonnes of sulfur.
Note that the agricultural market hall of the IME received 400 kg of saffron.
Last but not least was the IME secondary market with 4,479 tonnes of commodities traded.
As previously reported, 7.222 million tonnes of goods valued at $ 2.008 billion were traded on the Iran Mercantile Exchange in the last Iranian calendar month (September 23-October 22).
During that month, the exchange traded on its metals and minerals trading floor 5.541 million tonnes of commodities valued at $ 1.096 billion.
Goods sold on this floor included 1.226 million tons of steel, 3.993 million tons of cement, 26,445 tons of copper, 580 tons of molybdenum concentrate, 69 tons of precious metal concentrate, 23,940 tons of aluminum, 215,000 tonnes of iron ore, 21,870 tonnes of zinc, 2,000 tonnes of coke, 49,000 tonnes of iron sponge and 67 kg of gold ingots.
In addition, the IME has seen on domestic and export wells of its petroleum and petrochemicals trade more than 1.65 million tonnes of raw materials valued at $ 885 million.
The IME’s customers bought 419,796 tonnes of bitumen, 328,872 tonnes of polymeric products, 140,451 tonnes of chemicals, 13,955 tonnes of slop wax and 501,000 tonnes of vacuum base on this floor.
It should be noted that the IME agricultural trading hall hosted 1,300 kg of saffron this month.
Last but not least was the IME secondary market, which was a platform to trade 30,860 tonnes of various types of commodities this month.
The value of transactions at the Iran Mercantile Exchange in the previous Iranian calendar year (ended March 20) increased 108% from the previous year.
In the past year, around 3.5 quadrillion rials (about $ 83.5 billion) of commodities have been traded in the mentioned market.
During the past year, several new records have been reached in terms of volume and value of transactions in the different stages of the mentioned market, including industrial, petroleum and petrochemical stages.
The IME is one of the four major stock markets in Iran, the other three markets are the Tehran Stock Exchange (TSE), the Iranian over-the-counter (OTC) market also known as the Iran Fara Bourse ( IFB) and the Iran Energy Exchange (IRENEX).