TEHRAN- During the previous Iranian calendar week (ended on Friday), Iran Mercantile Exchange (IME) witnessed the trade of 2,165,000 tons of products with an overall trading value of more than $950 million on its physical market.As reported by the IMEs Public Relations and International Affairs Department, the exchange traded on its metals and minerals trading floor 1,679,139 lots of commodities valued at more than $705 million.On this floor the IME sold 1,006,174 lots of cement, 604,600 tons of steel, 83,000 lots of iron ore, 10,025 tons of aluminum, 8,035 lots of copper, 900 tons of zinc, 500 lots of lead, 200 tons of molybdenum concentrate, 24 kg of gold bars and 10,792 vehicles.Furthermore, the IME experienced on both domestic and export rings of its oil and petrochemical trading flooring 407,876 tons of commodities worth more than $223 million.Commodities traded on this flooring included 134,857 lots of bitumen, 98,000 tons of vacuum bottom, 96,649 tons of polymeric products, 39,390 lots of chemicals, 31,000 lots of lube cut, 6,075 lots of base oil, 1,800 lots of petroleum products and 955 tons of sulfur.The IME likewise traded within the very same week 78,279 lots of commodities on its side market.As previously reported, 10,931,107 lots of commodities worth over $3 billion were traded at Iran Mercantile Exchange during the previous Iranian calendar month Azar (ended on December 21, 2022).

The exchange traded on both domestic and export rings of its oil and petrochemical trading floor 1,791,743 tons of products valued at nearly $991 million.The IMEs clients bought on this flooring 526,000 lots of vacuum bottom, 491,023 tons of bitumen, 419,853 lots of polymeric products, 157,696 lots of chemicals, 120,500 tons of lube cut, 41,000 lots of sulfur, 23,788 lots of oil, 9,632 lots of petroleum items, 1,200 tons of insulation and 1,050 lots of feedstocks.Furthermore, the exchange saw trade of 9,133,701 lots of products worth more than $2 billion on its metals and minerals trading floor.Items traded on this flooring consisted of 4,592,219 tons of cement, 2,199,000 lots of iron ore, 1,784,395 tons of steel, 340,000 tons of sponge iron, 131,650 tons of zinc, 31,175 tons of aluminum, 24,731 tons of copper, 2,000 lots of cast iron, 750 tons of molybdenum concentrate, 100 lots of lead, 36 tons of precious metals focus and 272 kg of gold bars.Its worth keeping in mind that the IME also traded 13,686 lorries on its automobile trading floor.Last was the IMEs side market on which the exchange traded 5,649 tons of commoditiesThe worth of trades at Iran Mercantile Exchange rose 102 percent, and the volume of trades at the exchange increased 128 percent in the past Iranian fiscal year 1400 (ended on March 20, 2022), which was the greatest level of development in the history of the exchange because its establishment.Statistical information reveal that in the past year, in addition to brand-new records in the volume and value of trades of different products, 10 major records in total worth and physical market trades were signed up.

In a manner that besides the overall value of trades, the volume and value of physical market trades, the volume, and value of industrial products and petrochemicals trades, the value of oil products trades and the volume and value of side market trades all hit records.IME is one of the four significant stock markets of Iran, the other three markets are Tehran Stock Exchange (TSE), Irans over the counter (OTC) market understood likewise as Iran Fara Bourse (IFB), and Iran Energy Exchange (IRENEX).

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