Baku, Azerbaijan, Feb. 12
By Gazenfer Hamidov – Trend:
The trading volume at Iran Mercantile Exchange (IME) experienced a fall by 13.9 percent during the week to Feb. 9 and accounted to 476,470 tons.
The value of traded commodities amounted to 11,666 billion rials (about $315 million) during the same span of the time, 6.7 percent less on a weekly basis, based on date released by official website of the IME.
During the preceding week (ended Feb. 2) 553,170 tons of various goods, worth 12,505 billion rials (about $338.4 million) were traded at IME.
The IME traded the following products and goods in the week to Feb. 9:
Industrial and minerals trading floor(Domestic and Export): traded over 123,060 tons of various products, worth 4,286 billion rials including 4,410 tons of aluminium, 99,868 tons of steel products, 6,080 tons of copper, 190 tons of molybdenum concentrates, 12 tons of precious metal concentrates, 10 kilograms of gold bullion and 12,500 tons of cement.
Oil and petrochemical trading floor (Domestic and Export): traded over 274,635 tons of various products, worth 6,494 billion rials including 92,316 tons of bitumen, 60,338 tons of polymer products, 79,450 tons of vacuum bottom feed stock as well as 13,050 tons of lube cut oil, 24,228 tons of chemicals, 1,040 tons of sulphur, 2,000 tons of insulation, 1,200 tons of slap wax and 1,012 tons of oil.
Agriculture floor: traded over 75,984 tons of various products, worth 839 billion rials including 49,250 tons of wheat, 19,647 tons of maize, 6,300 tons of crude vegetable oil and 25 tons of sugar as well as 761,000 day-old chicks.
Furthermore 500 tons of agricultural products and 2,271 tons of metal scraps were traded in the side market during the week.
The IME was founded in 2007. It trades in agricultural, industrial and petrochemical products in spot and futures markets. There are 70 listed brokerage companies in IME who are members of the exchange licensed by the market regulator, the Securities and Exchange Organization.