Economy, Business And Markets

IME Trade Up 71% to Reach $3.8 Billion in Q1

IME Trade Up 71% to Reach $3.8 Billion in Q1
IME Trade Up 71% to Reach $3.8 Billion in Q1

About 6.57 million tons of commodities worth over 161 trillion rials ($3.83 billion) were traded at Iran Mercantile Exchange during the first quarter of the current fiscal year (March 21-June 21), indicating a 22% and 71% year-on-year increase in trade volume and value respectively.
Petrochemical commodities had the lion’s share of trade value, accounting for 1.1 million tons worth over 54 trillion rials ($1.28 billion) of the total monthly trade. These commodities included 800,131 tons of polymers, 310,231 tons of chemicals and 260 tons of gas products.
Industrial and mineral products were next with 1.52 million tons worth 53 trillion rials ($1.26 billion). These commodities included 1.35 million tons of steel products, 60,000 tons of direct-reduced iron, 54,435 tons of copper, 27,140 tons of aluminum, 25,000 tons of iron ore, 9,000 tons of cement, 93 tons of concentrate and 30 kilograms of gold.


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