Economy & Politico

Volume of trades at IME Up by 25%

Tehran (ISNA) – Within the week ending on October 21, 2022, the IME witnessed trade of 2,944,251 tonnes of commodities with a total trading value of more than 771 million USD, logging growths of 25% and 48% in volume and value of trades compared with the week before that.

According to a report by the IME’s International Affairs and PR, the exchange saw on its metals and minerals trading floor trade of 2,507,000 tonnes of commodities worth more than 552 million USD.

On this floor the IME sold 1,255,339 tonnes of cement, 404,000 tonnes of iron ore, 746,854 tonnes of steel, 85,000 tonnes of sponge iron, 3,250 tonnes of zinc, 7,325 tonnes of aluminum, 7,249 tonnes of copper, 200 tonnes of molybdenum concentrate, 39 tonnes of precious metals concentrate, 29 kg of gold bars and 400 tonnes of coke.

Furthermore, the IME saw on both domestic and export pits of its oil and petrochemical trading floor 431,055 tonnes of commodities worth more than 208 million USD.

Commodities traded on this floor included 85,969 tonnes of polymeric products, 123,000 tonnes of vacuum bottom, 30,500 tonnes of lube cut, 35,662 tonnes of chemicals, 200 tonnes of sulfur, 3,303 tonnes of base oil, 640 tonnes of insulation and 115,630 tonnes of bitumen.

The IME also traded within the same week 5,833 tonnes of commodities on its side market.

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