Baku, Azerbaijan, April 22
By Gazenfer Hamidov – Trend:
The trading volume at Iran Mercantile Exchange (IME) experienced fall a fall by 23 percent during the week to April 19 and accounted to 533,587 tons.
The value of traded commodities amounted to 11,233 billion rials (each USD makes 42,000 rials) during the same span of the time, 25 percent less 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 19:
Industrial and minerals trading floor (Domestic and Export): traded over 16,322 tons of various products, worth 1,563 billion rials including 2,500 tons of aluminium, 8,440 tons of steel products, 4,230 tons of copper, 140 tons of molybdenum concentrates, 12 tons of precious metal concentrates and 1,000 tons of cement.
Oil and petrochemical trading floor (Domestic and Export): traded over 441,620 tons of various products, worth 8,789 billion rials including 270,740 tons of bitumen, 69,540 tons of polymer products, 62,910 tons of vacuum bottom feed stock as well as 5,000 tons of lube cut oil, 22,360 tons of chemicals, 8,780 tons of sulphur, 620 tons of insulation, 50 tons of slaps waxes and 1,656 tons of heavy paraffin wax.
Agriculture floor: traded over 74,090 tons of various products, worth 828 billion rials including 67,600 tons of wheat, 5,300 tons of crude vegetable oil and 950 tons of sugar as well as 2400,000 day-old chickens.
Furthermore 316 tons of scraps, 1,000 tons of metal concentrate, 120 tons of polyester thread and 119 tons of frozen meat 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.