TEHRAN- During the past Iranian calendar week (ended on Friday), Iran Mercantile Exchange (IME) witnessed trade of 1,970,854 lots of commodities and 10,000 cars with a total trading worth of more than $836 million, publishing growth of 4.56 percent in value of trades compared with the week before that.As reported by the IMEs Public Relations and International Affairs Department, the exchange saw on its metals and minerals trading flooring trade of 1,509,259 tons of products worth more than $551 million.On this flooring the IME offered 1,080,744 lots of cement, 293,472 tons of steel, 88,000 lots of sponge iron, 29,000 lots of iron ore, 9,000 lots of copper, 8,225 lots of aluminum, 600 tons of zinc, 210 lots of molybdenum concentrate, 48 lots of precious metals concentrate, 15 kg of gold bars and 10,000 vehicles.Furthermore, the IME experienced on both domestic and export rings of its oil and petrochemical trading flooring 435,585 tons of commodities valued at more than $278 million.Commodities traded on this flooring consisted of 151,634 lots of bitumen, 112,555 lots of polymeric items, 87,000 lots of vacuum bottom, 41,220 tons of chemicals, 25,000 tons of lube cut, 15,800 lots of sulfur, 3,096 tons of base oil, 500 tons of petroleum items, 200 tons of insulation and 190 tons of feedstocks.The IME likewise traded within the same week 29,515 tons of commodities on its side market.As previously reported, throughout the previous Iranian calendar month Bahman (ended on February 19), Iran Mercantile Exchange witnessed trade of 10,399,570 lots of products and 10,730 cars with an overall trading worth of more than $3.4 billion on its physical market, posting growths of 18.5 percent and 13.5 percent in volume and value of trades compared with the month prior to that.The exchange saw on both domestic and export pits of its oil and petrochemical trading floor, trade of trade of 1,745,035 tons of commodities valued at more than $1 billion.On this floor the IME sold 478,069 tons of bitumen, 437,433 lots of polymeric items, 392,000 tons of vacuum bottom, 195,500 tons of lube cut, 175,975 tons of chemicals, 49,400 lots of sulfur, 18,475 lots of oil, 2,104 tons of petroleum items, 800 lots of feedstocks and 400 lots of insulation.Furthermore, the exchange saw trade of 8,597,429 lots of products and 10,730 vehicles worth more than $2 billion on its metals and minerals trading floor.Items traded on this flooring consisted of 4,649,414 lots of cement, 1,979,000 tons of iron ore, 1,577,338 lots of steel, 122,400 lots of sponge iron, 53,750 lots of zinc, 42,095 tons of aluminum, 30,372 lots of copper, 790 tons of molybdenum concentrate, 48 tons of rare-earth elements focus and 33 kg of gold bars.Last was the IMEs side market on which the exchange traded 57,105 tons of commodities.The worth of trades at Iran Mercantile Exchange increased 102 percent, and the volume of trades at the exchange increased 128 percent in the past Iranian calendar year 1400 (ended on March 20, 2022), which was the greatest level of development in the history of the exchange since its establishment.Statistical data reveal that in the past year, in addition to brand-new records in the volume and value of trades of various products, 10 major records in total value and physical market trades were signed up.
In a manner that besides the total worth of trades, the volume and worth of physical market trades, the volume, and value of industrial items and petrochemicals trades, the worth of oil items trades and the volume and value of side market trades all struck records.IME is one of the 4 major stock markets of Iran, the other 3 markets are Tehran Stock Exchange (TSE), Irans over the counter (OTC) market known also as Iran Fara Bourse (IFB), and Iran Energy Exchange (IRENEX).
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