Baku, Azerbaijan, Feb. 18
By Gazenfer Hamidov – Trend:
The trading volume at Iran Mercantile Exchange (IME) experienced a significant rise by 78.1 percent during the week to Feb. 15 and accounted to 848,675 tons.
The value of traded commodities amounted to 17,076 billion rials (about $461 million) during the same span of the time, 46.4 percent more on a weekly basis, based on date released by official website of the IME.
During the preceding week (ended Feb. 9) 476,470 tons of various goods, worth 11,666 billion rials (about $315 million) were traded at IME.
The IME traded the following products and goods in the week to Feb. 15:
Industrial and minerals trading floor(Domestic and Export): traded over , 415,796 tons of various products, worth 8,355 billion rials($225 million) including 1,640 tons of aluminium, 296,234 tons of steel products, 110,000 tons of iron ore, 3,670 tons of copper, 190 tons of molybdenum concentrates, 12 tons of precious metal concentrates, 50 tons of zinc ingot, 50 Cerato passenger cars and 4,000 tons of cement.
Oil and petrochemical trading floor (Domestic and Export): traded over 351,484 tons of various products, worth 7,415 billion rials ($199.7 million) including 194,307 tons of bitumen, 62,233 tons of polymer products, 44,250 tons of vacuum bottom feed stock as well as 17,000 tons of lube cut oil, 25,018 tons of chemicals, 7,064 tons of sulphur, 600 tons of insulation, 1,012 tons of heavy paraffin wax.
Agriculture floor: traded over 77,293 tons of various products, worth 832 billion rials ($22.4 million) including 63,850 tons of wheat, 6,360 tons of maize, 2,500 tons of crude vegetable oil and 4,100 tons of sugar as well as 483,100 day-old chicks.
Furthermore 1,558 tons of frozen meat, 10,30 tons of metal scraps, 100 tons of ferrosilicium and 50 tons of used locomotive engine oil as well as 1,364 tons of polyester threads grades A, B and WP 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.