Trades at Iran Mercantile Exchange witness over 80% weekly growth
Baku, Azerbaijan, Sept. 8
The trading volume at Iran Mercantile Exchange (IME) experienced a rise by 33 percent during the week to Sept. 6 and accounted to 501,116 tons.
The value of traded commodities amounted to 21,000 billion rials (each USD makes 42,000 rials based on official rate) during the same span of the time, 81 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 Sept. 6:
Industrial and minerals trading floor (Domestic and Export): traded over 180,040 tons of various products, worth 9,518 billion rials including 154,540 tons of steel products, 9,000 tons of copper and 10,000 tons of sponge iron as well as 6,500 tons of aluminium and 8 kilograms of gold bullion.
Oil and petrochemical trading floor (Domestic and Export): traded over 268,238 tons of various products, worth 10,000 billion rials including 38,840 tons of bitumen, 66,642 tons of polymer products, 38,252 tons of chemicals, 2,700 tons of sulphur, 85,500 tons of vacuum bottom feed stock as well as 35,500 tons of lube cut oil and 500 tons of slaps wax.
Agriculture floor: traded over 52,520 tons of various products, worth 1,192 billion rials including 47,400 tons of wheat, 2,150 tons of sugar, 1,200 tons of crude vegetable oil, 1,760 tons of oilseeds and 10,960 kilograms of saffron.
Furthermore, 267 tons of various agricultural products were traded in the side market of IME.
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.