Weekly trades in Iran Mercantile Exchange witness growth
Baku, Azerbaijan, July 15
The trading volume at Iran Mercantile Exchange (IME) experienced a rise by 20 percent during the week to July 12 and accounted to 548,656 tons.
The value of traded commodities amounted to 16,021 billion rials (each USD makes 43,000 rials based on official rate) during the same span of the time, 32 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 July 12:
Industrial and minerals trading floor (Domestic and Export): traded over 202,899 tons of various products, worth 7,090 billion rials including 197,605 tons of steel products, 3,145 tons of copper, 2,000 tons of aluminium, 12 tons of precious metals concentrates and 140 tons of molybdenum as well as 20 kilograms of gold bullion.
Oil and petrochemical trading floor (Domestic and Export): traded over 308,396 tons of various products, worth 8,404 billion rials including 87,962 tons of bitumen, 73,940 tons of polymer products, 90,500 tons of vacuum bottom feed stock as well as 18,000 tons of lube cut oil, 32,278 tons of chemicals, 790 tons of sulphur, 1,880 tons of insulation, 3,000 tons of slack waxes, 506 tons of oil and 40 tons of gas and feed stock.
Agriculture floor: traded over 36,711 tons of various products, worth 522 billion rials including 30,835 tons of wheat, 500 tons of crude vegetable oil and 5,375 tons of sugar as well as 1,056 kilograms of saffron.
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.