Economy, Business And Markets

IME Weekly Report

IME Weekly ReportIME Weekly Report

The spot market at the Iran Mercantile Exchange (IME) witnessed an overall trade of more than 506,000 tons of commodities last week (ended Decem0ber 4), worth almost 9.7 trillion rilas, the IME’s public relations and international affairs office reported.

According to the report, more than 251,000 tons of various commodities were offered during the week at the export and industrial and mining trading floors. The trade totaled nearly 5.2 trillion rials. Almost 239,000 of steel products of various types, 3,500 tons of aluminum, 100 tons of molybdenum concentrates, 600 tons of industrial coke, and 12 tons of precious metal concentrate were supplied on the spot market for the potential buyers.

Moreover, almost 245,000 tons of different commodities were offered on the oil and petrochemical trading floor, valued at more than 4.2 trillion rials.

About 112,000 tons of bitumen of various grades, 51,000 tons of polymers, 47,000 tons of vacuum bottom, 8,040 tons of lube-cut oil, almost 23,000 tons of chemicals, 8,830 tons of sulfur, and 80 tons of various types of gases and feedstock were among the commodities that were sold to the buyers from November 29 to December 3.

However, the agricultural trading floor did not record a bustling trading week, as only 480 tons of corn and 425 tons of sugar was offered to the customers. The report by the IME underscored that the categories of precious metals concentrate, vacuum bottom, sulfur, bitumen, roof insulation, and polymers posted remarkable trade growths compared to other commodities.