Economy, Business And Markets

IME Spot Market Report

IME Spot Market ReportIME Spot Market Report

More than 464,402 tons of commodities were traded at Iran Mercantile Exchange’s spot market during the week that ended June 17 valued at more than $233 million.

As the IME reported, the agricultural trading floor recorded the trade of 4,225 tons of sugar, 46,320 tons of corn, 4,300 tons of rice, 340 tons of barley and 295 tons of soybean meal.

Close to 184,240 tons of commodities were also traded in both local and export industrial and mining trading floors worth $87.25 million. More than 113,400 tons of steel sections, 55,000 tons of iron ore, 8,570 tons of copper, 200 tons of molybdenum concentrates, 6,820 tons of aluminum, 200 tons of metallurgical coke and 6 tons of metal concentrates were among the commodities put up on the floors’ board.

The local and export oil and petrochemical trading floor witnessed the trade of 224,438 tons of commodities valued about $90 million, including over 89,920 tons of various grades of bitumen, 27,400 tons of polymers, 69,510 tons of vacuum bottoms, 12,500 tons of lube-cut oil, 12,933 tons of chemicals, 300 tons of roof insulation, 9,870 tons of sulfur and 2,000 tons of slap wax.

Lube-cut oil, sulfur, bitumen, copper, molybdenum concentrates and aluminum witnessed tangible growth in their weekly trade.