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Trades at Iran Mercantile Exchange continue to fall

Business Materials 27 May 2018 12:41 (UTC +04:00)

Baku, Azerbaijan, May 27

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The trading volume at Iran Mercantile Exchange (IME) experienced a fall by 1.5 percent during the week to May 24 and accounted to ‎‎585,430 ‎‎‎tons.

The value of traded commodities amounted to 13,922 billion rials ($331 million) during the same span of the time, almost the same as the preceding week, based on date released by official website of the IME.

The IME traded the following products and goods in the week to May 24:

Industrial and minerals trading floor (Domestic and Export): traded over ‎251,849 ‎tons of various products, worth $178.3 million including 1,500 tons of aluminium, ‎221,037 ‎tons of steel products, 34,160 ‎tons of copper, ‎140 ‎tons of molybdenum concentrates and ‎12 tons of precious metal concentrates as well as 25,000 tons of iron ore and 1,000 tons of cement.

Oil and petrochemical trading floor (Domestic and Export): traded over ‎210,319 ‎tons of various products, worth $149 million including 36,657 ‎tons of bitumen, 66,371 ‎tons of polymer products, 60,000 ‎tons of vacuum bottom feed stock as well as 17,500 ‎tons of lube cut oil, 25,607 ‎tons of chemicals, 2,860 ‎tons of sulphur, 200 ‎tons of insulation and 1,104 tons of oil as well as 20 tons of argon‎.

Agriculture floor: traded over ‎119,671 ‎tons of various products, worth $33 million including ‎108,150 ‎tons of wheat, 8,000 tons of crude vegetable oil and 2,450 tons of sugar as well as ‎61,000 ‎day-old chickens and 1,010 tons of date.

Furthermore 200 tons of agricultural commodities and 1,019 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.

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