IME weekly trade nears $600m
The IME witnessed trade of 2.66 million tonnes of commodities with a total trading value of more than $599 million on its physical market. During the week to April 14.
The exchange saw on its metals and minerals trading floor trade of 2.21 million tonnes of commodities valued at more than $376 million, reported ime.co.ir.
On this floor the IME sold 1.28 million tonnes of cement, 429,000 tonnes of iron ore, 339,870 tonnes of steel, 132,600 tonnes of sponge iron, 26,800 tonnes of zinc, 6,550 tonnes of copper, 6,400 tonnes of aluminum, 200 tonnes of molybdenum concentrate and 60 tonnes of precious metals concentrate.
Furthermore, the IME witnessed on both domestic and export rings of its oil and petrochemical trading floor 437,421 tonnes of commodities worth nearly $220 million.
Commodities traded on this floor included 123,000 tonnes of vacuum bottom, 105,591 tonnes of bitumen, 103,996 tonnes of polymeric products, 45,494 tonnes of chemicals, 43,000 tonnes of lube cut, 9,900 tonnes of sulfur, 5,196 tonnes of base oil, 1,014 tonnes of petroleum products, 240 tonnes of gas feedstocks and 150 tonnes of insulation.
The IME also traded within the same week 12,290 tonnes of commodities on its side market.