Economy & Politico

good news iran: IME witnesses trade of more than 7.2 million tonnes of commodities

Within a month ending January 20th, 2022, the IME witnessed trade of 7,297,000 tonnes of commodities with a total trading value of more than 2 billion USD on its physical market.

According to a report by the IME’s International Affairs and PR, the exchange sold on both domestic and export pits of its oil and petrochemical trading floor more than 1,529,000 tonnes of commodities worth more than 856 million USD.

On this floor the exchange traded 415,000 tonnes of vacuum bottom, 490,000 tonnes of bitumen, 306,534 tonnes of polymeric products, 171,000 tonnes of lube cut, 108,463 tonnes of chemicals, 26,285 tonnes of sulfur, 14,653 tonnes of oil, 450 tonnes of argon and 225 tonnes of insulation.

Next was the metals and minerals trading floor with trades of 5,724,000 tonnes of commodities valued at more than 1 billion USD.

Commodities changing hands on this floor included 3,606,000 tonnes of cement, 1,332,000 tonnes of steel, 367,000 tonnes of iron ore, 241,000 tonnes of sponge iron, 35,090 tonnes of aluminum, 133,340 tonnes of zinc, 26,911 tonnes of copper, 630 tonnes of molybdenum concentrate, 500 tonnes of coke, 500 tonnes of lead, 42 tonnes of precious metals concentrate and 23 kg of gold bars.

On its agricultural trading floor the exchange saw offering of 50 kg of saffron strands.

It’s worth noting that the IME also played host to trade of 43,899 tonnes of commodities on its side market.

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