Economy, Business And Markets

225k Tons of Commodities Traded at IME

225k Tons of Commodities Traded at IME
225k Tons of Commodities Traded at IME

Traders at the Iran Mercantile Exchange (IME) were offered 225,000 tons of different commodities including steel sections, copper, aluminum, polymers, bitumen, and flint corn on Monday.

The National Iranian Copper Industries Company offered 4,000 tons of copper cathodes at 211,592 rials ($7.95) per kilogram. The company said it would also offer 3,500 kilograms of copper wire at 218,522 rials ($8.21) if there is demand. The NICICO also offered 30,000 tons of low-grade copper, 100 tons of molybdenum sulfur, as well as 12 tons of precious metals concentrate.

Steel companies were also active on Monday. Mobarakeh Steel Company offered 39,600 tons of hot rolled steel C as well as 28,600 tons of hot rolled steel B. Traders were also offered 6,000 tons of cold rolled steel B and 4,000 tons of galvanized steel G by Mobarakeh.

The Hormozal Aluminum Company offered 1,400 tons of 1000-pound ingots, while 260 tons of different forms of aluminum billets were offered by Iran Aluminum Company (Iralco).

At the petroleum and petrochemical trading hall, 42,000 tons of bitumen, 15,000 tons of lube cut, 12,000 tons of vacuum bottom, and 43,000 tons of sulfur were offered by different companies. The soft commodities trading hall, however, was not very busy on Monday, as only 5,000 tons of flint corn from the western province of Kermanshah was offered at 9,200 rials ($0.34) per kilogram.  

 OTC Trades

More than 126 million securities were traded at Fara Bourse (over-the-counter), valued at 670 billion rials, SANA reported.

According to the report, almost 126.7 million securities were traded in 16,116 transaction rounds at the OTC, while considering the trading volume, the trades of the 79.4 million shares at the secondary market topped all trades.

The OTC index (IFX) slipped 0.11 percent on Monday and stood at 825.7. The highest volume of trades at the OTC belonged to Tourism Bank shares while the lowest traded volume recorded was for Pasargad Insurance Company as well as Falat-e Iranian Industries and Minerals Investing Group.

The report also said at the Exchange-Traded-Fund (ETF) market, the largest trade volume of 143,276 units was registered by the Atlas fund.

Besides, the housing securities gained 0.1 to 2.4 percents, with the most expensive one selling at 927,688 rials.