Tehran (IP)- In the week ending on March 1, 2024, the Iran Mercantile Exchange (IME) experienced a surge in trading activity, with a total of more than 3.1 million tonnes of commodities changing hands, resulting in a trading value of nearly 804 million USD. This marked a significant increase of 4% in volume and 21% in value compared to the previous week.

Iran PressIran news:  The metals and minerals trading floor of the IME saw robust activity, with a total trade volume of more than 2.5 million tonnes valued at over 531 million USD. Key commodities traded on this floor included cement, steel, iron ore, sponge iron, aluminum, copper, zinc, and molybdenum concentrate.

Additionally, the oil and petrochemical trading floor witnessed substantial trading activity on both domestic and export rings. A total of 593,774 tonnes of commodities were traded on this floor with a value exceeding 258 million USD. The range of commodities traded included vacuum bottoms, polymeric products, chemicals, lube cuts, sulfur, oil, bitumen, feedstocks, and petroleum products.

Furthermore, the IME's side market also saw significant activity during the same week with a total trade volume of 11,982 tonnes.

Overall, the IME's performance in terms of both volume and value of trades during this week highlights its growing importance as a key player in the global commodities market.


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