TEHRAN- During the past Iranian calendar week (ended on Friday), Iran Mercantile Exchange (IME) witnessed trade of 2,846,645 tons of commodities with a total trading value of nearly $972 million, posting growths of 36 percent in volume and 20 percent in value of trades compared to the figures of the previous week.
As reported by the IME’s Public Relations and International Affairs Department, the exchange traded on its metals and minerals trading floor 2,363,286 tons of commodities valued at more than $693 million.
Commodities sold on this floor included 1,027,702 tons of cement, 720,000 tons of iron ore, 636,279 tons of steel, 28,800 tons of zinc, 10,705 tons of aluminum, 7,870 tons of copper and 200 tons of molybdenum concentrate.
Furthermore, the IME saw on both domestic and export pits of its oil and petrochemical trading floor 411,505 tons of commodities worth more than $243 million.
The IME’s customers purchased on this floor 108,813 tons of polymeric products, 99,494 tons of bitumen, 94,000 tons of vacuum bottom, 43,000 tons of lube cut, 39,453 tons of chemicals, 23,680 tons of sulfur, 4,242 tons of base oil, 604 tons of petroleum products and 200 tons of insulation.
Last but not least was the IME’s side market with 50,043 tons of commodities traded on it.
As previously reported, 8,776,034 tons of commodities worth over $3 billion were traded at Iran Mercantile Exchange during the past Iranian calendar month Dey (ended on January 20).
The exchange saw on both domestic and export pits of its oil and petrochemical trading floor, trade of 1,589,743 tons of commodities valued at more than $911 million.
The IME’s customers purchased on this floor 377,000 tons of vacuum bottom, 508,989 tons of bitumen, 383,683 tons of polymeric products, 144,560 tons of chemicals, 129,100 tons of lube cut, 20,535 tons of sulfur, 21,552 tons of oil, 6,524 tons of petroleum products, 560 tons of insulation and 740 tons of feedstocks.
Moreover, the exchange saw trade of 7,017,408 tons of commodities and 28,455 vehicles worth more than $2 billion on its metals and minerals trading floor.
Items traded on this floor included 4,071,313 tons of cement, 1,173,000 tons of iron ore, 1,483,512 tons of steel, 262,075 tons of zinc, 69,325 tons of aluminum, 42,000 tons of sponge iron, 30,178 tons of copper, 2,000 tons of coke, 800 tons of molybdenum concentrate, 550 tons of lead, 42 tons of precious metals concentrate and 45 kg of gold bars.
Last was the IME’s side market on which the exchange traded 168,882 tons of commodities
The value of trades at Iran Mercantile Exchange rose 102 percent, and the volume of trades at the exchange increased 128 percent in the past Iranian calendar year 1400 (ended on March 20, 2022), which was the highest level of growth in the history of the exchange since its establishment.
Statistical data show that in the past year, in addition to new records in the volume and value of trades of different products, 10 major records in total value and physical market trades were registered. In a way that besides the total value of trades, the volume and value of physical market trades, the volume, and value of industrial products and petrochemicals trades, the value of oil products trades and the volume and value of side market trades all hit records.
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).