TEHRAN – In the last Iranian calendar week (which ended on Friday), 2,294,055 tons of goods worth $720 million were traded on the Iran Mercantile Exchange (IME).
As reported by EMI’s Public Relations and International Affairs Department, the exchange traded on its metals and minerals trading floor 1.974 million tonnes of commodities valued at more than $495 million.
On this floor, IME sold 1.263 million tons of cement, 566,843 tons of steel, 96,000 tons of sponge iron, 36,970 tons of zinc, 6,500 tons of aluminum, 6,501 tons of copper, 200 tonnes of molybdenum concentrate and 6 kg of gold bullion.
In addition, IME saw on the domestic and export circuits of its petroleum and petrochemical trading floor 313,292 tons of raw materials worth more than $219 million.
Goods traded on this floor included 78,691 tons of polymer products, 50,400 tons of vacuum bottom, 41,500 tons of lube cut, 39,191 tons of chemicals, 2,040 tons of sulfur, 4,055 tons of base oil , 110 tonnes of feed gas, 99,298 tonnes of bitumen. and 225 tons of insulation.
The IME also traded 6,172 tons of raw materials on its parallel market during the same week.
As previously reported, 10,826,000 million tons of goods worth more than $3 billion were traded at the Iran Mercantile Exchange in the last Iranian calendar month Khordad (ended June 21), the third month of the Iranian calendar year, showing a growth of 21% and 36% in value and weight, respectively, compared to the second month.
The exchange saw on the domestic and export pits of its petroleum and petrochemical trading floor trade 1.558 million tonnes of commodities valued at more than $1.1 billion.
IME’s customers purchased on this floor 300,800 tons of vacuum bottom, 400,622 tons of bitumen, 444,102 tons of polymer products, 206,000 tons of lubricating cutting, 155,855 tons of chemical products, 25,165 tons of sulfur, 24,198 tons of oil, 500 tons of argon and 800 tons of insulation.
Additionally, the exchange saw the trade of over 9.181 million tonnes of commodities worth nearly $2 billion on its metals and minerals trading floor.
Items traded on this floor included 5,986,000 tons of cement, 1,669,000 tons of steel, 1,224,000 tons of iron ore, 180,000 tons of sponge iron, 83,470 tons of aluminum, 55,149 tons of zinc, 35,361 tonnes of copper, 670 tonnes of molybdenum concentrate, 1,000 tonnes of coke, 60 tonnes of lead, 90 tonnes of precious metal concentrate and 5 kg of gold bullion.
On its agricultural trading room, the stock exchange saw the offer of five tons of saffron.
Then comes the car trading room of the IME with exchanges of 22 Cara Sedan cars.
The last was the IME parallel market on which the exchange traded 86,358 tons of goods.
The value of transactions at the Iran Mercantile Exchange increased by 102% and the volume of transactions at the exchange increased by 128% in the last Iranian calendar year 1400 (ending March 20), which was the level of highest growth in the history of the exchange since its inception.
Statistical data shows that over the past year, in addition to new records in the volume and value of trade in different commodities, 10 major records in the total value and trade in the physical market were recorded. So that in addition to the total value of trade, the volume and value of trade in the physical market, the volume and value of trade in industrial and petrochemical products, the value of trade in petroleum products and the volume and value trading on the parallel market all reached record highs.
IME is one of the four major stock exchanges in Iran, the other three markets are Tehran Stock Exchange (TSE), Iran Over-the-Counter (OTC) market also known as Iran Fara Stock Exchange (IFB) and Iran Energy Exchange (IRENEX).