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Almost 1.3 m lots of products traded at IME in a week

Byadmin2

May 8, 2022
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TEHRAN- Throughout the previous Iranian calendar week (ended on Friday), 1.291 million lots of products worth more than $323 million were traded at Iran Mercantile Exchange (IME).

As reported by the IME’s Public Relations and International Affairs Department, the exchange traded on its metals and minerals trading flooring 1.181 lots of products valued at more than $229 million.

On this flooring, the IME’s clients bought 966,853 lots of cement, 161,048 lots of steel, 23,000 lots of sponge iron, 16,000 lots of iron ore, 9,900 lots of aluminum, 4,320 lots of copper, 450 lots of zinc, 150 lots of molybdenum concentrate and 24 lots of rare-earth elements focus.

Moreover, the IME saw trade of 103,235 lots of products on both domestic and export pits of its oil and petrochemical trading flooring valued practically $86 million.

The exchange’s clients bought on this flooring 32,292 lots of polymeric items, 22,520 lots of chemicals, 18,300 lots of vacuum bottom, 16,500 lots of lube cut, 12,455 lots of bitumen, 1,597 lots of base oil, 570 lots of sulfur and 40 lots of argon.

Finally was the IME’s side market with 6,983 lots of products traded on it.

The IME sold its physical market 7.231 million lots of products with an overall trading worth of more than $2.378 billion throughout the previous Iranian calendar month Farvardin (ended on April 20), the very first month of Iranian fiscal year.

The exchange offered on its oil and petrochemical trading flooring 1.372 million lots of products valued at practically $985 million.

The IME’s clients bought on this flooring 412,800 lots of vacuum bottom, 335,276 lots of bitumen, 312,673 lots of polymeric items, 141,990 lots of lube cut, 132,265 lots of chemicals, 20,695 lots of sulfur, 14,594 lots of oil, 330 lots of argon, 300 lots of insulation and 200 lots of slops wax.

In addition, the exchange saw trade of more than 5.748 million lots of products worth more than $1.342 billion on its metals and minerals trading flooring.

Products traded on this flooring consisted of 4,029,000 lots of cement, 1,024,000 lots of steel, 353,000 lots of iron ore, 260,500 lots of sponge iron, 55,400 lots of aluminum, 26,500 of zinc, 28,200 lots of copper, 450 lots of molybdenum concentrate, 450 lots of coke, 700 lots of lead, 48 lots of rare-earth elements focus and 49 kg of gold bars.

Last was the IME’s side market on which the exchange traded 110,781 loads products.

As formerly reported, the worth of trades at Iran Mercantile Exchange increased 102 percent, and the volume of trades at the exchange increased 128 percent in the previous Iranian fiscal year 1400 (ended on March 20), which was the greatest level of development in the history of the exchange given that its facility.

Analytical information reveal that in the previous year, in addition to brand-new records in the volume and worth of trades of various items, 10 significant records in overall worth and physical market trades were signed up. In such a way that besides the overall worth of trades, the volume and worth of physical market trades, the volume and worth of commercial items and petrochemicals trades, the worth of oil items trades, and the volume and worth of side market trades all hit records.

IME is among the 4 significant stock exchange of Iran, the other 3 markets are Tehran Stock market (TSE), Iran’s non-prescription (OTC) market understood likewise as Iran Fara Bourse (IFB), and Iran Energy Exchange (IRENEX).

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