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Commodities worth $ 563 million traded at IME in one week

By on October 2, 2021 0

TEHRAN – In the last Iranian calendar week (ended Friday), 1.8 million tonnes of commodities worth $ 563 million were traded on the Iran Mercantile Exchange (IME).

As reported by the IME’s Public Relations and International Affairs Department, weekly transactions show a 52% increase in value and 21% growth in weight.

The exchange recorded 1.515 million tonnes of commodities traded at over $ 364 million on its metals and minerals trading floor.

On this floor, the IME sold 955,370 tonnes of cement, 449,356 tonnes of steel, 80,000 tonnes of aluminum, 15 tonnes of precious metal concentrate, 17,410 tonnes of zinc, 1 kg of gold bars and 7,500 tonnes of iron sponge.

In addition, the exchange traded 360,171 tonnes of commodities on its petroleum and petrochemicals trading floor for a total value of nearly $ 194 million.

The goods sold on this floor included 103,000 tonnes of vacuum base, 93,558 tonnes of bitumen, 84,736 tonnes of polymer products, 34,000 tonnes of chemicals, 38,000 tonnes of lubricating cutting, 2,859 tonnes of base oil , 105 tonnes of insulation and 800 tonnes of sulfur.

Last but not least was the IME secondary market with 9,248 tonnes of commodities traded.

As previously reported, the value of transactions on the Iran Mercantile Exchange increased by 50% in the sixth Iranian calendar month Shahrivar (ended September 22), compared to the previous month.

More than 8.062 million tonnes of raw materials worth $ 2.013 billion were traded on the stock exchange in the mentioned month, also showing 70% growth in terms of weight.

The IME sold on its metals and minerals trading floor 6.018 million tonnes of raw materials valued at over $ 997 million.

The raw materials exchanged on this floor included 1.050 million tons of steel, 4.649 million tons of cement, 19,180 tons of copper, 720 tons of molybdenum concentrate, 84 tons of precious metal concentrate, 28,010 tons of aluminum , 250,000 tonnes of iron ore, 16,820 tonnes of zinc, 400 tonnes of coke, 31,000 tonnes of iron sponge and 108 kg of gold ingots.

In addition, the stock exchange saw on domestic and export wells of its petroleum and petrochemicals trading floor, trade 2.004 million tonnes of raw materials valued at more than $ 985 million.

The IME customers bought on this floor 521,024 tonnes of bitumen, 417,787 tonnes of polymer products, 163,169 tonnes of chemicals, 17,029 tonnes of base oil, 3,500 tonnes of slop wax and 643,000 tonnes vacuum bottom.

In addition, the IME sold on the same floor 34,645 tonnes of sulfur, 1,610 tonnes of insulation and 194,000 tonnes of lubricating cup.

It should be noted that there was also 860 kg of saffron traded on the agricultural trading floor.

Last but not least, the exchange hosted 39,198 tonnes of various types of products on its parallel market.

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 last year, several new records were reached in terms of volume and value of transactions in the different stages of the mentioned market, in particular the 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).

MOM


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