Iran Mercantile Exchange has reported on the best commodity suppliers in the last fiscal year that ended on March 20, with steel, refineries and petrochemical companies topping the list.
Mobarakeh Steel Company was the top-selling company in the mercantile bourse with 5.335 million tons in deals, mainly steel sheets and slabs.
Value of the sale by the steel giant exceeded 1,099.42 trillion rials ($4 billion), according to data compiled by the IME news agency, imereport.ir.
The National Iranian Copper Industries Company came in second with 289,813 tons including copper cathodes, molybdenum sulfur, sulfuric acid, precious metals concentrate and molybdenum oxide worth 545.58 trillion rials ($2 billion).
The next was Khouzestan Steel Company with 1.369 million deals worth 192.63 trillion rials ($713 million). Steel ingots, slabs and sponge iron were the main products sold by the company.
It was followed by Esfahan Steel Company with sales hitting 186.52 trillion rials ($690 million). Its deals included 1.298 million tons of steel ingots, cast iron, iron sponge and benzene.
Bandar Abbas Oil Refining Company ranked fifth. The company sold more than 2.2 million tons of oil products comprising vacuum bottom, sulfur, metal and chemical waste worth 175.86 trillion rials ($651 million).
Isfahan Oil Refinery posted 175.86 trillion rials in annual sales followed by Shahid Tondgooyan Petrochemical Company and Tehran Oil Refinery, logging deals worth 166.94 trillion rials and 135.13 trillion rials, respectively.
Hormozgan Steel Company and Bandar Imam Petrochemical Company were also among the top ten suppliers.
Rise in Spot Market Trade
Goods weighing 76.146 million tons changed hands in the IME spot market last year -- 128% higher from the year before.
Value of deals via the spot market reached 6,300.6 trillion rials ($23.3b), jumping 102% on the earlier year, logging the highest annual growth since IME’s inception in 2006.
In the 12 months to March 20, deals on the mineral and industrial floor had the lion's share reaching 3,698.98 trillion rials ($13.7b), up 123% y/y.
In volume terms, industrial and mineral products weighed 57.497 million tons, posting a whopping 319% annual growth.
Cement topped the trade list in terms of volume on the industrial and mineral floor with 34.864 million tons worth 1,690 trillion rials ($6.3b).
Steel was the next major commodity and the first in value terms. Last year, 14.63 million tons of assorted steel products worth 2,440 trillion rials ($9b) were sold via the IME. An estimated 5.23 million tons of iron ore worth 152 trillion rials ($562 million) were also sold.
Trade on the petrochemical floor reached 5.379 million tons worth 1,453.8 trillion rials ($5.3b) -- 4.6% higher in volume and up 74% in value.
Petroleum products declined 10% in volume but boomed in value terms. A total of 12.89 million tons of oil products worth 107.5 trillion rials changed hands at IME in the last fiscal year, 77% higher on fiscal 2020-21.
