Baku, Azerbaijan, June 3
Trend:
The trading volume at Iran Mercantile Exchange (IME) experienced a fall by 1.7 percent during the week to May 31 and accounted to 575,213 tons.
The value of traded commodities amounted to 13,922 billion rials ($339.5 million) during the same span of the time, 2.4 percent more compared to 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 31:
Industrial and minerals trading floor (Domestic and Export): traded over 73,229 tons of various products, worth $82.7 million including 3,900 tons of aluminium, 54,017 tons of steel products, 5,160 tons of copper, 140 tons of molybdenum concentrates and 12 tons of precious metal concentrates as well as 10,000 tons of sponge iron.
Oil and petrochemical trading floor (Domestic and Export): traded over 460,920 tons of various products, worth $242 million including 133,574 tons of bitumen, 75,275 tons of polymer products, 179,000 tons of vacuum bottom feed stock as well as 26,070 tons of lube cut oil, 30,957 tons of chemicals, 12,800 tons of sulphur, 1,978 tons of insulation and 1,265 tons of oil.
Agriculture floor: traded over 39,520 tons of various products, worth $13.4 million including 31,100 tons of wheat, 6,200 tons of crude vegetable oil and 2,150 tons of sugar as well as 30,000 day-old chickens and 40 tons of date.
Furthermore 210 tons of powder milk, 1,030 tons of metal scraps, 100 tons of sugar and 204 tons of polyester threads grade A and WP 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.