TEHRAN- During the past Iranian calendar week (ended on Friday), Iran Mercantile Exchange (IME) witnessed trade of 3,053,794 tons of commodities with a total trading value of more than $650 million on its physical market.

As reported by the IME’s Public Relations and International Affairs Department, the exchange saw on its metals and minerals trading floor trade of 2,519,824 tons of commodities valued at more than $426 million.

On this floor the IME sold 1,310,765 tons of cement, 647,000 tons of iron ore, 438,984 tons of steel, 119,000 tons of sponge iron, 7,750 tons of copper, 7,890 tons of aluminum, 365 tons of zinc, 200 tons of molybdenum concentrate, 75 tons of lead and 45 tons of precious metals concentrate.

It's worth noting that the IME also traded 5 tons of cotton on its agricultural trading floor.

Moreover, the IME witnessed on both domestic and export rings of its oil and petrochemical trading floor 512,618 tons of commodities worth nearly $217 million.

Commodities traded on this floor included 190,000 tons of vacuum bottom, 153,785 tons of bitumen, 94,066 tons of polymeric products, 32,000 tons of lube cut, 31,269 tons of chemicals, 3,923 tons of oil, 3,775 tons of sulfur and 520 tons of feedstocks.

The IME also traded within the same week 21,346 tons of goods on its side market.

As previously reported, IME witnessed trade of 12,238,762 tons of commodities and 357 vehicles with a total trading value of nearly $3 billion on its physical market during the past Iranian calendar month (ended on November 21).

The exchange saw on its metals and minerals trading floor, trade of 9,870,000 tons of commodities and 357 vehicles valued at nearly $2 billion.

On this floor the IME sold 5,423,210 tons of cement, 2,091,000 tons of iron ore, 1,769,896 tons of steel, 540,000 tons of sponge iron, 97,220 tons of zinc, 39,325 tons of copper, 28,560 tons of aluminum, 2,000 tons of cast iron, 1,000 tons of coke, 800 tons of molybdenum concentrate and 250 tons of lead.

Moreover, the exchange saw trade of 2,160,633 tons of commodities worth more than $1 billion on both domestic and export rings of its oil and petrochemical trading floor.

Items traded on this floor included 639,750 tons of vacuum bottom, 652,735 tons of bitumen, 455,000 tons of polymeric products, 190,000 tons of lube cut, 135,628 tons of chemicals, 52,765 tons of sulfur, 27,655 tons of oil, 14,674 tons of petroleum products, 1,440 tons of feedstocks, 1,300 tons of waterproofing materials and 1,000 tons of slop wax.

IME is one of the four major stock markets of Iran, the other three markets are Tehran Stock Exchange (TSE), Iran's over-the-counter (OTC) market known also as Iran Fara Bourse (IFB), and Iran Energy Exchange (IRENEX).

MA