Economy, Business And Markets

IME Weekly Report

IME Weekly ReportIME Weekly Report

More than 582,504 tons of goods worth about $231.7 million were traded at Iran Mercantile Exchange’s spot market during the week that ended June 10 to post a 90-  and 50-percent surge in trade volume and value, IME reported.

The agricultural trading floor witnessed the trade of 5,850 tons of white sugar, 21,435 tons of corn, 3,810 tons of rice and 500 tons of wheat.

Close to 286,070 tons of commodities valued at more than $110 million, including around 177,300 tons of steel sections, 100,000 tons of iron ore, 4,550 tons of copper, 140 tons of molybdenum sulfurs, 4,080 tons of aluminum and 25 kg of gold bullions were traded on the export trading floor.

The oil and petrochemical trading floor recorded the trade of 248,839 tons of commodities valued at around $106 million, including 81,773 tons of various grades of bitumen, 32,438 tons of polymers, 106,480 tons of vacuum bottoms, 10,060 tons of lube-cut oil, 13,760 tons of chemicals, 708 tons of roof insulation, 3,570 tons of sulfur and 50 tons of feedstock.

Vacuum bottoms, roof insulation, chemicals, sugar, rice, copper, molybdenum concentrate and steel were among the commodities that saw weekly uptrend in their trade volume.

Oil-related commodities, mostly bitumen and vacuum bottoms, have recently seen bullish demand in both local and overseas markets.