good news iran: Commodities traded on IME exceeds 2,700,000 tonnes
Within the week ending on March 11th, 2022, the IME witnessed trade of 2,700,000 tonnes of commodities with a total trading value of more than 856 million USD on its physical market.
According to a report by the IME’s International Affairs and PR, the exchange traded on its metals and minerals trading floor 2,195,000 tonnes of commodities valued at more than 531 million USD.
On this floor, the IME’s customers purchased 1,295,000 tonnes of cement, 456,222 tonnes of steel, 321,000 tonnes of iron ore, 100,500 tonnes of sponge iron, 7,310 tonnes of zinc, 18,575 tonnes of aluminum, 7,020 tonnes of copper, 240 tonnes of molybdenum concentrate, 200 tonnes of lead and 22 kg of gold bars.
Furthermore, the IME saw trade 487,112 tonnes of commodities on both domestic and export pits of its oil and petrochemical trading floor valued almost 309 million USD.
The exchange customers purchased on this floor 100,076 tonnes of polymeric products, 108,849 tonnes of bitumen, 198,000 tonnes of vacuum bottom, 36,000 tonnes of lube cut, 41,555 tonnes of chemicals, 2,375 tonnes of sulfur and 2,247 tonnes of base oil.
Last but not least was the IME’s side market with 18,583 tonnes of commodities traded on it.