Baku, Azerbaijan, May 12
Trend:
The trading volume at Iran Mercantile Exchange (IME) experienced a significant increase by 35 percent during the week to May 10 and accounted to 714,846 tons.
The value of traded commodities amounted to 16,782 billion rials (each USD makes 42,000 rials) during the same span of the time, 33 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 May 10:
Industrial and minerals trading floor (Domestic and Export): traded over 273,654 tons of various products, worth 8,258 billion rials ( $197 million) including 2,520 tons of aluminium, 257,842 tons of steel products, 8,140 tons of copper, 140 tons of molybdenum concentrates and 12 tons of precious metal concentrates as well as 5,000 tons of sponge iron.
Oil and petrochemical trading floor (Domestic and Export): traded over 381,447 tons of various products, worth 7,795 billion rials ($186 million) including 115,791 tons of bitumen, 62,359 tons of polymer products, 140,500 tons of vacuum bottom feed stock as well as 22,080 tons of lube cut oil, 29,951 tons of chemicals, 9,070 tons of sulphur, 200 tons of insulation and 1,495 tons of oil.
Agriculture floor: traded over 57,398 tons of various products, worth 603 billion rials ($14 million) including 40,300 tons of wheat, 600 tons of crude vegetable oil and 1,850 tons of sugar as well as 96,500 day-old chickens, 14,552 tons of feed barley and 200 kilogram of saffron.
Furthermore 1,100 tons of empty barrels, 1,500 tons of crude palm oil, 15 tons of used locomotive engine oil, 110 tons of steel profile baskets, 60 tons of metal scraps and 660 tons of polyester thread grade A 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.