Weekly performance of Iran Mercantile Exchange improves
Baku, Azerbaijan, May 1
The trading volume at Iran Mercantile Exchange (IME) experienced a significant increase by 42 percent during the week to April 26 and accounted to 758,886 tons.
The value of traded commodities amounted to 17,604 billion rials (each USD makes 42,000 rials) during the same span of the time, 56 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 26:
Industrial and minerals trading floor (Domestic and Export): traded over 221,630 tons of various products, worth 6,981 billion rials including 240 tons of aluminium, 216,533 tons of steel products, 4,705 tons of copper, 140 tons of molybdenum concentrates and 12 tons of precious metal concentrates.
Oil and petrochemical trading floor (Domestic and Export): traded over 490,392 tons of various products, worth 9,924 billion rials including 108,009 tons of bitumen, 76,373 tons of polymer products, 216,000 tons of vacuum bottom feed stock as well as 24,120 tons of lube cut oil, 30,337 tons of chemicals, 13,290 tons of sulphur, 250 tons of insulation, 1,000 tons of slaps waxes and 21,012 tons of heavy paraffin wax.
Agriculture floor: traded over 44,942 tons of various products, worth 688 billion rials including 33,400 tons of wheat, 9,500 tons of crude vegetable oil and 1,950 tons of sugar as well as 42,000 day-old chickens and 50 tons of oil seeds.
Furthermore 67 tons of metal scraps and 1,500 tons of mineral 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.