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Home / International Customs / IME’s weekly trading value grows by 110%
IME’s weekly trading value grows by 110%

IME’s weekly trading value grows by 110%

TEHRAN: During weekdays ending up to 17 August, while 869,759 MT of commodities worth over 429.5 million USD were traded in Iran Mercantile Exchange, the volume and value of trading experienced a growth of 110% and 63%, respectively. According to the report from IME International Affairs and PR, last week, on the domestic and export metal and mineral trading floor of IME, 269,567 MT of various products worth close to 216.9 million USD were traded. On this trading floor, 1,840 MT of aluminum, 261,345 MT of steel products, 6,230 MT of copper, 140 MT of molybdenum concentrates as well as 12 MT of precious metal concentrates were traded.

The report declares that on domestic and export oil and petrochemical trading floors of IME, 523,626 MT of different commodities with the total value of 188.2 million USD were traded. On this trading floor, more than 306,123 MT of bitumen, 49,140 MT of polymer products, 136,940 MT of VB feed stock as well as 19,500 MT of lube-cut oil, 17,971 MT of chemical products, 900 MT of sulfur, 506 MT of base oil and slack waxes, 1,515 MT of insulation and 30 MT of argon were traded. Moreover, on the agricultural trading floor of IME, 64,201 MT of various commodities worth over 21.8 million USD were traded. On this trading floor, 8,107 MT of feed barley, 46,670 MT of wheat, 7,875 MT of sugar, 800 MT of maize, 495 MT of frozen chicken, 254,000 day oil chicks were traded by customers. It is worth noting that during the first week of August, the side market of IME witnessed trading of 3,000 MT of HRS thickness 2 alongside 100 MT of phosphate concentrate, 160 MT of scrap metal, 25 MT of used locomotive engine oil, 70,000 day old chicks, and 10 tons of used wooden rail traverse and 100 kg of empty barrels.