Iran Press/ Iran news: A total of 3,156,943 tonnes of commodities were exchanged on the physical market, with a total trading value exceeding $860 million. This represents growth rates of 18.7% in volume and 32.2% in value compared to the previous week.
The metals and minerals trading floor witnessed the trade of 2,540,000 tonnes of commodities valued at over $587 million.
Notable trades on this floor included 1,101,264 tonnes of cement, 650,000 tonnes of iron ore, 531,016 tonnes of steel, 245,000 tonnes of sponge iron, 38,750 tonnes of aluminum, 12,116 tonnes of copper, 2,000 tonnes of coke and 210 tonnes of molybdenum concentrate.
In addition to this growth in the metals and minerals sector, the IME also experienced significant activity on its oil and petrochemical trading floor. Both domestic and export rings saw a trade volume of 537,549 tonnes worth nearly $248 million.
Commodities traded on this floor included bitumen (148,511 tonnes), vacuum bottom (143,000 tonnes), polymeric products (121,758 tonnes), lube cut (64,000 tonnes), chemicals (43,006 tonnes), sulfur (9,225 tonnes), oil (4,585 tonnes), petroleum products (3,692 tonnes), insulation (445 tonnes) and feedstocks (280 tonnes).
Furthermore,the IME conducted trades totaling 79.395 tons on its side market during the same week.
Overall,the Iran Mercantile Exchange has demonstrated robust trading activity across various sectors during this reporting period.
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