good news iran: IME witnesses continuous growth in both volume, value of trades
Tehran (ISNA) – Within the week ending on April 16th, 20121, the IME traded 18,000 tonnes of commodities with a total trading value of nearly 435 million USD, showing 36 and 7 percent of growth in volume of trades respectively, as compared to the previous week.
According to a report by the IME’s international affairs and PR, there were 602,142 tonnes of commodities traded on both open auction and mineral & industrial trading floors of the IME worth more than 221 million USD.
On these two floors the IME sold 290,762 tonnes of steel, 2,540 tonnes of copper, 8,520 tonnes of aluminum, 120 tonnes of molybdenum concentrate , 200 tonnes of cast iron and 300,000 tonnes of iron ore.
Furthermore, the exchange saw trade of 415,336 tonnes of commodities valued at almost 215 million USD on both domestic and export pits of its oil and petrochemical trading floor.
Commodities purchased on this floor included 124,500 tonnes of vacuum bottom, 142,964 tonnes of bitumen, 74,529 tonnes of polymeric products, 38,105 tonnes of chemicals, 33,200 tonnes of lube cut, 2,592 tonnes of base oil, 150 tonnes of argon, 250 tonnes of insulation and 1,190 tonnes of sulfur.
There was also 1,038 tonnes of commodities traded on the IME’s side market.