TEHRAN- During the past Iranian calendar week (ended on Friday), 1.913 million tons of commodities worth $543 million was traded at Iran Mercantile Exchange (IME), showing 18 percent rise in value and five percent growth in volume of trades as compared to its preceding week.

As reported by the IME’s Public Relations and International Affairs Department, the exchange experienced trade of 1.479 million tons of commodities valued at more than $301 million on its metals and mineral trading floor.

Commodities sold on this floor included one million tons of cement, 329,144 tons of steel, 6,700 tons of copper, 7,250 tons of aluminum, 24 tons of precious metals concentrate, 280 tons of molybdenum sulfur, 100 tons of zinc, 26 kg of gold bars and 19,000 tons of sponge iron.

Furthermore, the IME saw on both domestic and export pits of its oil and petrochemical trading floor 429,560 tons of commodities worth more than $237 million.

The IME’s customers purchased o this floor 96,000 tons of vacuum bottom, 120,000 tons of bitumen, 81,913 tons of polymeric products, 38,051 tons of chemicals, 48,000 tons of lube cut, 3,047 tons of base oil, 2,500 tons of slops wax, 570 tons of insulation and 40,120 tons of sulfur.

It’s worth noting that the IME’s agricultural trading floor played host to trading 400 kg of saffron.

Last but not least was the IME’s side market with 4,479 tons of commodities traded on it.

As previously reported, 7.222 million tons of commodities worth $2.008 billion was traded at Iran Mercantile Exchange during the past Iranian calendar month (September 23-October 22).

Within this month, the exchange traded on its metals and minerals trading floor 5.541 million tons of commodities valued at $1.096 billion.

Commodities sold on this floor included 1.226 million tons of steel, 3.993 million tons of cement, 26,445 tons of copper, 580 tons of molybdenum concentrate, 69 tons of precious metals concentrate, 23,940 tons of aluminum, 215,000 tons of iron ore, 21,870 tons of zinc, 2,000 tons of coke, 49,000 tons of sponge iron and 67 kg of gold bars.

Furthermore, the IME saw on both domestic and export pits of its oil and petrochemical trading floor trade of more than 1.65 million tons of commodities worth $885 million.

The IME’s customers purchased on this floor 419,796 tons of bitumen, 328,872 tons of polymeric products, 140,451 tons of chemicals, 13,955 tons of slops wax and 501,000 tons of vacuum bottom.

It’s worth noting that the IME’s agricultural trading floor played host to trading 1,300 kg of saffron within this month.

Last but not least was the IME’s side market which was a platform to trade 30,860 tons of various types of commodities in this month.

The value of trades at Iran Mercantile Exchange in the previous Iranian calendar year (ended on March 20) rose 108 percent compared to the preceding year.

During the past year, about 3.5 quadrillion rials (about $83.5 billion) worth of commodities were traded at the mentioned market.

In the past year, several new records were achieved in terms of the volume and value of transactions in the mentioned market’s various floors including the industrial, petroleum, and petrochemical floors.

IME is one of the four major stock markets of Iran, the other three markets are Tehran Stock Exchange (TSE), Iran’s over-the-counter (OTC) market known also as Iran Fara Bourse (IFB), and Iran Energy Exchange (IRENEX).

MA/MA