IME Weekly Trade Tops $590mn
TEHRAN - The Iran Mercantile Exchange (IME) on Saturday reported that over 2,664,651 tonnes of commodities with a total trading value of more than $599 million were traded on its domestic and exporting halls in the last week.
The IME’s report said that over 2,214,941 tonnes of its metal and mineral commodities, including 1,283,861 tonnes of cement, 429,000 tonnes of iron ore, 339,870 tonnes of steel, 132,600 tonnes of sponge iron, 26,800 tonnes of zinc, 6,550 tonnes of copper, 6,400 tonnes of aluminum, 200 tonnes of molybdenum concentrate and 60 tonnes of precious metals concentrate with total value of $376 million were traded in the last week.
It also said that in petrochemical trading floor, over 437,421 tonnes of commodities, including 123,000 tonnes of vacuum bottom, 105,591 tonnes of bitumen, 103,996 tonnes of polymeric products, 45,494 tonnes of chemicals, 43,000 tonnes of lube cut, 9,900 tonnes of sulfur, 5,196 tonnes of base oil, 1,014 tonnes of petroleum products, 240 tonnes of gas feedstocks and 150 tonnes of insulation with total value of 220 million were traded on its trading halls in the last week.
Commodities traded on this floor included The IME also traded within the same week 12,290 tonnes of commodities on its side market.