Baku, Azerbaijan, July 1
Trend:
The trading volume at Iran Mercantile Exchange (IME) experienced a significant rise by 91 percent during the week to June 28 and accounted to 886,527 tons.
The value of traded commodities amounted to 23,476 billion rials (each USD makes 42,500 rials based on official rate) during the same span of the time, 82 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 28:
Industrial and minerals trading floor (Domestic and Export): traded over 425,074 tons of various products, worth 13,367 billion rials including 418,277 tons of steel products, 4,645 tons of copper, 2,000 tons of aluminium, nine tons of precious metals concentrates and 140 tons of molybdenum.
Oil and petrochemical trading floor (Domestic and Export): traded over 389,136 tons of various products, worth 9,111 billion rials including 21,965 tons of bitumen, 70,765 tons of polymer products, 220,000 tons of vacuum bottom feed stock as well as 25,000 tons of lube cut oil, 34,206 tons of chemicals, 17,100 tons of sulphur and 100 tons of insulation.
Agriculture floor: traded over 46,126 tons of various products, worth 697 billion rials including 32,000 tons of wheat, 600 tons of oilseeds, 1,400 tons of crude vegetable oil and 2,275 tons of sugar as well as 990 kilograms of saffron.
Furthermore 520 tons of metal scraps and 3,000 tons of agricultural products as well as 172 tons of minerals 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.