Baku, Azerbaijan, June 10
Trend:
The trading volume at Iran Mercantile Exchange (IME) experienced a fall by 51 percent during the week to June 7 and accounted to 282,520 tons.
The value of traded commodities amounted to 8,284 billion rials ($197.2 million) during the same span of the time, 40 percent less 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 June 7:
Industrial and minerals trading floor (Domestic and Export): traded over 31,938 tons of various products, worth 2,108 billion rials including 26,633 tons of steel products, 5,165 tons of copper and 140 tons of molybdenum.
Oil and petrochemical trading floor (Domestic and Export): traded over 231,466 tons of various products, worth 5,890 billion rials including 67,242 tons of bitumen, 51,821 tons of polymer products, 72,500 tons of vacuum bottom feed stock as well as 3,500 tons of lube cut oil, 23,366 tons of chemicals, 11,500 tons of sulphur, 100 tons of insulation, 1,000 tons of slack wax and 437 tons of oil.
Agriculture floor: traded over 18,875 tons of various products, worth 279 billion rials including 13,600 tons of wheat, 200 tons of oilseeds, 3,000 tons of crude vegetable oil and 2,075 tons of sugar.
Furthermore 241 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.