TEHRAN - Iran Mercantile Exchange (IME) on Saturday announced that around $555 million of various commodities weighting over 1,026,000 tonnes were traded in its domestic trading and exports halls, showing 14% and 99% of growth in volume and value of trades respectively as compared to the previous week.
The report added 3 69,793 tonnes of steel, 5,200 tonnes of copper, 7,075 tonnes of aluminum, 120 tonnes of molybdenum concentrate, 30 tonnes of precious metals concentrate, 85,000 tonnes of zinc dust, 210 tonnes of zinc ingots, 105,670 tonnes of cement, 25,000 tonnes of iron ore, 24 kg of gold bars and 5,500 tonnes of were traded in its domestic and exports halls during the last week.
It also said, over 390,250 tons of various oil and petrochemical products, including 99,9540 tonnes of vacuum bottom, 113,850 tonnes of bitumen, 78,200 tonnes of polymeric products, 33,695 tonnes of chemicals, 55,500 tonnes of lube cut, 2,338 tonnes of base oil, 50 tonnes of argon, 290 tonnes of insulation and 5,100 tonnes of sulfur with total value of $194 million were traded in IM halls.
It’s worth noting that the IME played host to trade of 32,492 tonnes of commodities on its side market as well.