Baku, Azerbaijan, May 27
Trend:
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.