IME Weekly Trade Tops $730mn
TEHRAN – the Iran Mercantile Exchange (IME) on Saturday reported that over 3,064,574 tonnes of commodities with a total trading value of nearly 733 million were traded on its physical market in the last week.
The IME’s report said that over 2,567,404 tonnes of metal and mineral commodities, including 1,229,740 tonnes of cement, 702,000 tonnes of iron ore, 47,519 tonnes of steel, 146,000 tonnes of sponge iron, 8,410 tonnes of copper, 6,380 tonnes of aluminum, 1,185 tonnes of zinc, 225 tonnes of cast iron and 200 tonnes of molybdenum concentrate with total value of $468 million were traded in the IME’s markets in the last week.
The report added, over 173,000 tonnes of vacuum bottom, 111,018 tonnes of bitumen, 107,305 tonnes of polymeric products, 46,500 tonnes of lube cut, 36,828 tonnes of chemicals, 2,280 tonnes of sulfur, 2,084 tonnes of oil, 940 tonnes of waterproofing materials, 750 tonnes of petroleum products and 190 tonnes of feedstocks with total value of $255 million were traded on oil and petrochemical of IME’s market.
The IME also traded within the same week 17,431 tonnes of goods on its side market.