Economy, Business And Markets
0

IME Trade on the Rise

IME Trade on the RiseIME Trade on the Rise

More than 702,000 tons of commodities, worth about 9.3 trillion rials were traded at the spot market of the Iran Mercantile Exchange (IME) in the week that ended February 19, to record a dramatic surge of 70 and 83 percent in trade volume and value respectively in comparison with the prior trading week, IME’s Public Relations and Foreign Affairs Office Reported.

Industrial and mining local and export trading floor played host to 411,691 tons of commodities, valued at more than 5.3 trillion rials. More than 253,900 tons of various steel commodities, 150,000 tons of iron ore, 3,950 tons of copper, 3,720 tons of aluminum, 100 tons of molybdenum concentrate and 18 tons of precious metals concentrate, were sold out on the board. Steel commodities registered 264 and 272 percent growth in trade volume and value respectively.

Moreover, 5,565 tons of corn, 1,000 tons of chickpea, 295 tons of sugar, 2 kg of saffron, and 1,655 tons of frozen chicken were put up on the board of the agricultural trading floor, which was accompanied by 171, and 172 percent growth in trade volume and value respectively.

Furthermore, the local and export oil and petrochemical trading floor played host to 281,524 tons of commodities, valued at 3.9 trillion rials. Some 144,140 tons of various grades of bitumen, 48,659 tons of polymers, 43,700 tons of vacuum bottoms, 22,500 tons of lube-cut oil, 19,590 tons of chemicals, 504 tons of roof insulation, 2,190 tons of sulfur, and 40 tons of feedstocks were also traded.

 

Financialtribune.com