TEHRAN – The value of trade at the Iran Mercantile Exchange (IME) has increased eight percent in the last Iranian calendar month (May 22-June 21).
As reported by the IME’s Public Relations and International Affairs Department, more than 3.623 million tonnes of raw materials worth more than $ 1.88 billion were traded on the exchange last month, also indicating a 22% growth in weight compared to the previous month.
The IME sold on its metals and minerals trading floor 1.816 million tonnes of products valued at nearly $ 1.076 billion.
The raw materials traded on this floor included 979,170 tons of various types of steel, 550,280 tons of cement, 26,060 tons of copper, 690 tons of molybdenum concentrate, 129 tons of precious metal concentrate, 31,245 tons of aluminum, 165,000 tonnes of iron ore, 33,705 tonnes of zinc, 400 tonnes of metallurgical coke, 60,000 tonnes of iron sponge, 250 tonnes of lead and 13 kg of gold ingots.
In addition, the exchange hosted trade of 1.74 million tonnes of raw materials on domestic and export wells of its oil and petrochemical trading floor valued at more than $ 795 million.
The IME customers bought on this floor 492,393 tonnes of bitumens of different qualities, 319,550 tonnes of polymeric products, 159,480 tonnes of chemicals, 19,834 tonnes of petroleum, 540,400 tonnes of vacuum bottoms, 42,630 tonnes of sulfur, 450 tonnes of argon, 550 tonnes of insulation and 157,000 tonnes of lubricant cut.
There were also 6,316 tonnes of raw materials traded on the IME side market.
The value of transactions at the Iran Mercantile Exchange in the previous Iranian calendar year (ended March 20) increased 108% from the previous year.
In the past year, around 3.5 quadrillion rials (about $ 83.5 billion) of commodities have been traded in the mentioned market.
During the past year, several new records have been reached in terms of volume and value of transactions in the different stages of the mentioned market, including industrial, petroleum and petrochemical stages.
The IME is one of the four major stock markets in Iran, the other three markets are the Tehran Stock Exchange (TSE), the Iranian over-the-counter (OTC) market also known as the Iran Fara Bourse ( IFB) and the Iran Energy Exchange (IRENEX).