TEHRAN – Iran Mercantile Exchange (IME) on Saturday reported over 1,322,000 tonnes of commodities worth more than $486 million, showing 30% and 14 % of growth in volume and volume of trade respectively, were traded in domestic and exporting halls in the past week.
The report said that over 945,515 tonnes of metals and minerals commodities, including 342,413 tonnes of steel, 3,032 tonnes of copper, 5,450 tonnes of aluminum, 27 tonnes of precious metals concentrate, 28,605 tonnes of zinc, 475,750 tonnes of cement, 10 kg of gold bars, 13,000 tonnes of sponge iron and 80,000 tonnes of iron ore with value of $ 305 million were traded in metals and minerals trading floor.
Furthermore, over 372,006 tonnes of oil and petrochemical commodities, including 93,500 tonnes of vacuum bottom, 109,405 tonnes of bitumen, 84,402 tonnes of polymeric products, 30,739 tonnes of chemicals, 32,000 tonnes of lube cut, 3,795 tonnes of base oil, 110 tonnes of argon, 25,500 tonnes of sulfur and 260 tonnes of insulation with the value of $179mn were traded in the IME trading halls in the last week.
It’s worth noting that the IME also played host to trading 5,080 tonnes of commodities on its side market.