Economy & Politico

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

Tehran (ISNA) – Within the week ending on March 4th, 2022, the IME witnessed trade of 2,874,000 tonnes of commodities with a total trading value of more than 920 million USD, posting growths of 23% in volume and 15% 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 2,565,000 tonnes of commodities valued at more than 680 million USD.

Commodities sold on this floor included 1,210,000 tonnes of cement, 641,479 tonnes of steel, 550,000 tonnes of iron ore, 120,500 tonnes of sponge iron, 27,330 tonnes of zinc, 12,060 tonnes of aluminum, 5,080 tonnes of copper, 250 tonnes of molybdenum concentrate, 50 tonnes of lead and 14 kg of gold bars.

Furthermore, the IME saw trade 298,568 tonnes of commodities on both domestic and export pits of its oil and petrochemical trading floor valued at more than 228 million USD.

The exchange customers purchased on this floor 94,285 tonnes of polymeric products, 46,864 tonnes of bitumen, 62,000 tonnes of vacuum bottom, 51,000 tonnes of lube cut, 39,762 tonnes of chemicals, 5,250 tonnes of sulfur, 3,203 tonnes of base oil, 200 tonnes of insulation and 100 tonnes of argon.

Last but not least was the IME’s side market with 11,010 tonnes of commodities traded on it.

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