Economy & Politico

good news iran: IME touches higher records in value, volume of trades

 Within the week ending on November 5th, 2021, the IME witnessed trade 2,243,000 tonnes of commodities with a total trading value of more than 681 million USD, posting growths of 31% in volume and 54% in value of trades compared to the figures of the previous week.

According to a report by the IME’s international affairs and PR, the exchange traded on its metals and minerals trading floor 1,874,000 tonnes of commodities valued at more than 459 million USD.

Commodities sold on this floor included 1,000,044 tonnes of cement, 526,182 tonnes of steel, 260,000 tonnes of iron ore, 27,000 tonnes of sponge iron, 7,900 tonnes of zinc, 4,710 tonnes of aluminum, 4,370 tonnes of copper, 280 tonnes of molybdenum sulfur, 30 tonnes of precious metals concentrate and 2 kg of gold bars.

Furthermore, the IME saw on both domestic and export pits of its oil and petrochemical trading floor 364,994 tonnes of commodities worth more than 219 million USD.

The IME’s customers purchased on this floor 108,011 tonnes of bitumen, 98,000 tonnes of vacuum bottom, 75,942 tonnes of polymeric products, 42,000 tonnes of lube cut, 38,365 tonnes of chemicals, 3,320 tonnes of base oil, 248 tonnes of insulation and 860 tonnes of sulfur.

Last but not least was the IME’s side market with 4,262 tonnes of commodities traded on it.

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