IME monthly trade nears $3b
The Iran Mercantile Exchange (IME) announced that over 13.42 million tons of commodities, worth nearly $3 billion, were traded in its domestic trading and export halls in the month closing on May 21.
According to ime.co.ir, the exchange saw on both domestic and export pits of its oil and petrochemical trading floor, trade of 1.77 million tons of commodities valued at nearly $860 million.
The IME’s customers purchased on the floor 509,402 tons of bitumen, 421,000 tons of vacuum bottom, 418,260 tons of polymeric products, 184,000 tons of lube cut, 179,693 tons of chemicals, 37,840 tons of sulfur, 19,876 tons of oil, 12,098 tons of petroleum products, 1,670 tons of insulation, 1,000 tons of slop wax and 790 tons of feedstocks.
Moreover, the exchange saw trade of 11.5 million tons of commodities and 1,075 vehicles worth more than $2 billion on its metals and minerals trading floor.
Items traded on this floor included 6.07 million tons of cement, 2.77 million tons of iron ore, 1.88 million tons of steel, 748,100 tons of sponge iron, 36,030 tons of aluminum, 32,700 tons of copper, 5,305 tons of zinc, 2,000 tons of coke, 1,020 tons of molybdenum concentrate, 300 tons of cast iron, 60 tons of precious metals concentrate and 1,075 vehicles.
Last was the IME’s side market on which the exchange traded 145,476 tons of commodities.