THERAN – The Iran Mercantile Exchange (IME) on Monday reported that over 3,154,093 tonnes of commodities with a total trading value of nearly $712 million, posting growths of 18% and 20% in volume and value of trades respectively, compared with the week before that.
The IME’s report said that on its metal and mineral trading floor, over2,555,886 tonnes of commodities, including 1,327,505 tonnes of cement, 608,000 tonnes of iron ore, 423,871 tonnes of steel, 175,000 tonnes of sponge iron, 60,600 tonnes of zinc, 13,335 tonnes of copper, 10,425 tonnes of aluminum, 500 tonnes of cast iron and 200 tonnes of molybdenum concentrate with total value of $434 million were traded in the last week.
It also added that over 527,530 tonnes oil and petrochemical commodities, including 160,831 tonnes of bitumen, 137,000 tonnes of vacuum bottom, 102,349 tonnes of polymeric products, 58,000 tonnes of lube cut, 39,144 tonnes of chemicals, 23,320 tonnes of sulfur, 5,058 tonnes of base oil, 2,008 tonnes of petroleum products, 290 tonnes of gas feedstocks and 200 tonnes of insulation with total value of $245 million were traded on the IME’s trading halls.
The IME also traded within the same week 70,677 tonnes of commodities on its side market.