Tehran (IP)- During the week ending on August 4, 2023, the Iran Mercantile Exchange (IME) witnessed a significant trade volume of 2,403,386 tonnes of commodities with a total trading value of nearly $533 million USD on its physical market.

Iran Press/ Iran news: According to an IME's International Affairs and PR department report, the exchange experienced robust trading activity on its metals and minerals trading floor. 1,918,039 tonnes of commodities were traded, valued at more than $317 million USD.

On this particular floor, the IME sold various commodities, including 1,015,114 tonnes of cement, 535,000 tonnes of iron ore, 189,885 tonnes of steel, 160,700 tonnes of sponge iron, 10,659 tonnes of copper, 6,640 tonnes of aluminum, 2,000 tonnes of cast iron, 1,360 tonnes of zinc and 250 tonnes of molybdenum concentrate.

Furthermore, the IME observed substantial trading activity on its domestic and export rings within its oil and petrochemical trading floor. A total volume of 473,152 tonnes of commodities worth nearly $209 million USD were exchanged.

Commodities traded on this floor included 171,000 tonnes of vacuum bottom products, 121,875 tonnes of bitumen products,99.229 tons of polymeric products,39.710 tons of sulfur,24.000 tons of lube cut,11.880 tons of chemicals,4.665 tons of oil,650 tons petroleum products,250 tons feedstocks, and finally 200 tons insulation materials.

The IME also facilitated trade in its side market during the same week with a volume totaling to12.194 tones. It is worth noting that for the first time, magnesium ingots were traded in this side market.

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IME Weekly Report: Volume of Trades Up by 5.3%