Over $3b worth of commodities traded at IME
The Iran Mercantile Exchange (IME) witnessed the trade of 14.158 million tons of commodities and 337 vehicles with a total value of more than $3 billion on its physical market during the month to February 19, registering growths of 1.2% in volume and 14.6% in value terms compared to the month ending January 20.
According to a report by the IME’s International Affairs and PR, the exchange saw on its metals and minerals trading floor, trade of 11.508 million tons of commodities and 337 vehicles valued at more than $2 billion, reported ime.co.ir.
On this floor the IME sold 5,964,981 tons of cement, 2.694 million tons of iron ore, 2.036 million tons of steel, 712,500 tons of sponge iron, 96,850 tons of zinc, 42,959 tons of copper, 40,800 tons of aluminum, 35,000 tons of cast iron, 1,150 tons of molybdenum concentrate, 57 tons of precious metals concentrate and 337 vehicles.
Moreover, the exchange saw trade of 2.442 million tons of commodities worth more than $1 billion on both domestic and export rings of its oil and petrochemical trading floor.
Items traded on this floor included 883,906 tons of bitumen, 677,500 tons of vacuum bottom, 474,154 tons of polymeric products, 151,100 tons of lube cut, 152,866 tons of chemicals, 49,025 tons of sulfur, 24,998 tons of oil, 3,640 tons of petroleum products, 1,705 tons of feedstocks and 1,395 tons of waterproofing materials.
Last was the IME’s side market on which the exchange traded 116,215 tons of goods.