• Sun / 13 December 2020 / 15:12
  • Category: Economy
  • News Code: 99092317827
  • Journalist : 71477

IME market cap shows 70 percent growth in commodity transactions

IME market cap shows 70 percent growth in commodity transactions

Tehran (ISNA) - During the week ending on Wednesday December 9, over 860,000 tonnes of commodities worth nearly 375 million USD were traded on the IME platform.

The IME trading floor witnessed trades of 867 000 tonnes of petrochemical, metal and mineral as well as agricultural underlying commodities during the third week of Azar hitting 70% growth in volume and 53% in value. The IME market performance was eye-catching within the period in question as the industrial trading floor of the exchange saw transactions of 471,000 tonnes of steel (463,000 tonnes), copper (3400 tonnes), aluminum (1890 tonnes) and gold (24 kilogram) and many other products worth nearly 225 million USD.

The petrochemical market of the exchange operating both domestic and export trading floors registered 396,000 tonnes of vacuum botton (140,000 tonnes), bitumen, polymers (65,000 tonnes), chemicals, Lube cut (22,000 tonnes), insulation, base oil, argon and sulfur (15,000 tonnes).

In the same period, the side market of the IME traded 590 tonnes of over the counter commodities.

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