A 35% Growth in Trade Volume on Iran Mercantile Exchange

Friday, 18 May 2018

During weekdays ending up to May 10, while approximately 714,846 MT of commodities worth over 399.5 million USD were traded in Iran Mercantile Exchange, the trade volume and volume experienced a 35 and 33 percent growth, respectively.

According to the report from IME International Affairs and PR, last week, on the domestic and export metal and mineral trading floor of IME, 273,654 MT of various products worth close to 197 million USD were traded.

On this trading floor, 257,842 MT of steel, 8,140 MT of copper, 5,000 MT of sponge iron, 2,520 MT of aluminum, 12 MT of precious metal concentrates, as well as 140 MT of molybdenum concentrates.

The report declares that on domestic and export oil and petrochemical trading floors of IME, 381,447 MT of different commodities with the total value of 185.6 million USD were traded.

On this trading floor, more than 115,791 MT of bitumen, 62,359 MT of polymer products, 140,500 MT of VB feed stock, 22,080 MT of lube cut oil, 29,951 MT of chemical products, 9,070 MT of sulfur, 200 MT of insulation as well as 1,495 MT of oil were traded.

Moreover, on the agricultural trading floor of IME, 57,398 MT of various commodities worth over 14.3 million USD were traded. On this trading floor, 40,300 MT of wheat, 14,552 MT of feed barley, 96,500 day old chicks, 600 MT of crude vegetable oil, 1,850 MT of sugar as well as 200 kg of saffron were traded by customers.

It is worth noting that during this week; the side market of IME witnessed trading of 1.1 MT of empty barrels, 1,500 MT of crude palm oil, 15 MT of used locomotive engine oil, 110 MT of steel profile baskets, 60 MT of metal scrape and 660 MT of polyester thread grade A.