Baku, Azerbaijan, April 15
By Gazenfer Hamidov – Trend:
The trading volume at Iran Mercantile Exchange (IME) experienced a significant rise by 440 percent during the week to April 12 and accounted to 690,935 tons.
The value of traded commodities amounted to 14,998 billion rials (about $357 million) during the same span of the time, 288 percent more on a weekly basis, based on date released by official website of the IME.
The IME traded the following products and goods in the week to April 12:
Industrial and minerals trading floor (Domestic and Export): traded over 184,677 tons of various products, worth 5,975 billion rials ($142 million) including 1,500 tons of aluminium, 165,820 tons of steel products, 10,000 tons of iron ore, 6,205 tons of copper, 140 tons of molybdenum concentrates, 12 tons of precious metal concentrates, 30 kilograms of gold bullion and 1,000 tons of cement.
Oil and petrochemical trading floor (Domestic and Export): traded over 427,724 tons of various products, worth 7,912 billion rials ($188 million) including 99,761 tons of bitumen, 49,734 tons of polymer products, 224,800 tons of vacuum bottom feed stock as well as 14,780 tons of lube cut oil, 14,734 tons of chemicals, 19,650 tons of sulphur, 1,274 tons of insulation, 2,500 tons of slaps waxes, 1,012 tons of heavy paraffin wax and 20 tons of argon.
Agriculture floor: traded over 74,325 tons of various products, worth 919 billion rials ($22 million) including 59,200 tons of wheat, 1,300 tons of crude vegetable oil and 13,425 tons of sugar as well as 200,500 day-old chicks, 100 kilograms of saffron and 400 tons of barley.
Furthermore 125 tons of minerals and 2,200 tons of agricultural products 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.