Baku, Azerbaijan, May 20
Trend:
The trading volume at Iran Mercantile Exchange (IME) experienced a fall by 17 percent during the week to May 17 and accounted to 594,000 tons.
The value of traded commodities amounted to $331 million during the same span of the time, 17 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 May 17:
Industrial and minerals trading floor (Domestic and Export): traded over 76,673 tons of various products, worth $84 million including 4,500 tons of aluminium, 65,873 tons of steel products, 4,160 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 449,827 tons of various products, worth $227 million including 153,043 tons of bitumen, 65,875 tons of polymer products, 132,680 tons of vacuum bottom feed stock as well as 22,220 tons of lube cut oil, 31,356 tons of chemicals, 12,450 tons of sulphur, 648 tons of insulation and 211,572 tons of oil as well as 4,000 tons of slaps wax.
Agriculture floor: traded over 58,509 tons of various products, worth $14 million including 55,700 tons of wheat, 100 tons of crude vegetable oil and 2,375 tons of sugar as well as 64,000 day-old chickens and 270 tons of date.
Furthermore 5,800 tons of agricultural commodities and 510 tons of metal scraps 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.