Baku, Azerbaijan, June 24
Trend:
The trading volume at Iran Mercantile Exchange (IME) experienced a fall by 23 percent during the week to June 21 and accounted to 451,808 tons.
Meanwhile the value of traded commodities amounted to 12,853 billion rials ($306 million) during the same span of the time, 55 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 June 21:
Industrial and minerals trading floor (Domestic and Export): traded over 91,219 tons of various products, worth 4,115 billion rials including 64,875 tons of steel products, 5,165 tons of copper, 15,000 tons of sponge iron, 2,000 tons of cement, 4,120 tons of aluminium, nine tons of precious metals concentrates and 140 tons of molybdenum.
Oil and petrochemical trading floor (Domestic and Export): traded over 314,993 tons of various products, worth 7,900 billion rials including 113,052 tons of bitumen, 62,899 tons of polymer products, 58,000 tons of vacuum bottom feed stock as well as 21,400 tons of lube cut oil, 28,636 tons of chemicals, 3,300 tons of sulphur, 100 tons of insulation and 100 tons of gases and feed stocks.
Agriculture floor: traded over 35,075 tons of various products, worth 424 billion rials including 32,000 tons of wheat, 200 tons of oilseeds, 500 tons of crude vegetable oil and 2,275 tons of sugar as well as 300 tons of barley and 990 kilograms of saffron.
Furthermore 520 tons of metal scraps and 10,000 tons of agricultural products 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.