IME Enjoys 14% Growth in Weekly Trading Value
TEHRAN - While 506,830 MT of commodities worth over $295.5m were traded in Iran Mercantile Exchange (IME), trading value and volume experienced a growth of 14and 8 percent last week, respectively.
According to the report from IME International Affairs and PR, on the domestic and export metal and mineral trading floor of IME, 166,285 MT of various products worth close to $138.4m were traded.
On this trading floor, 158,945 MT of steel products, 4,000 MT of aluminum, 3,200 MT of copper, 140 MT of molybdenum concentrates as well as 3 kg of gold bullion were traded. The report declares that on domestic and export oil and petrochemical trading floors of IME, 305,808 MT of different commodities with the total value of $145.4m were traded.
On this trading floor, more than 98,910 MT of bitumen, 62,203 MT of polymer products, 106,000 MT of VB feed stock as well as 13,520 MT of lube-cut oil, 18,959 MT of chemical products, 4,700 MT of sulfur, 874 MT of base oil and slack waxes, 622 MT of insulation and 20 MT of argon were traded.
Moreover, on the agricultural trading floor of IME, 30,328 MT of various commodities worth over $9.8m were traded. On this trading floor, 667 MT of feed barley, 26,050 MT of wheat, 3,500 MT of sugar and 110,500 day oil chicks were traded by customers.
It is worth noting that during the second week of September, the side market of IME witnessed trading of 2,030 MT of HRS with thickness 2 as well as 1,832 MT of phosphate concentrate, 300 MT of ammonium sulfate, 245 MT of metal scrap and 2.3 MT of empty barrels.