Iran Mercantile Exchange Weekly Trade Tops $608mn

Date: 20 November 2021 - 21:43

News ID: ۹۶۸۱۱

TEHRAN – The Iran Mercantile Exchange (IME) on Saturday announced that around $608mn of various commodities weighting over 1,953,000 tonnes were traded in its domestic trading and exports halls in the past working week, which in terms of value and volume posted 28% and 4% growth respectively.
The IME reported that over 1,566,000 tonnes tonnes of metal and mineral products including 1,000,035 tonnes of cement, 269,829 tonnes of steel, 110,000 tonnes of iron ore, 11,550 tonnes of copper, 9,375 tonnes of aluminum, 7,300 tonnes of sponge iron, 640 tonnes of zinc, 280 tonnes of molybdenum sulfur, 15 tonnes of precious metals concentrate and 20 kg of gold bars with total value of $380 mn were traded in the IME domestic and exports halls in the last week.
Furthermore, the IME said over 882,000 tonnes of various oil and petrochemical products, including 160,229 tonnes of bitumen, 78,686 tonnes of polymeric products, 61,000 tonnes of vacuum bottom, 42,000 tonnes of lube cut, 26,565 tonnes of chemicals, 8,200 tonnes of sulfur, 4,406 tonnes of base oil and 68 tonnes of insulation with the total value of $220 mn were traded in its domestic and exports halls during the last week.
It’s worth noting that the IME’s agricultural trading floor played host to trading 1 tonne of saffron.
Last but not least was the IME’s side market with 14,889 tonnes of commodities traded on it.