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Commodities worth nearly $ 443 million traded at IME in one week

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Tehran – In the last Iranian calendar week (which ended on Friday), 718,966 tonnes of commodities with a total value of nearly $ 443 million were traded on the Iran Mercantile Exchange (IME).

According to a report by the Department of International Affairs and Public Relations of the EMI, the exchange traded on its mining and industrial floor 396,872 tons of raw materials worth nearly $ 272 million.

On this floor, the IME sold 377,074 tonnes of steel, 9,200 tonnes of copper, 7,280 tonnes of aluminum, 150 tonnes of molybdenum concentrate, 18 tonnes of precious metal concentrate, 60 tonnes of lead, 3000 tonnes of zinc and 24 kg of gold bars.

The next trading floor was that of petroleum and petrochemicals with 415,410 tonnes of raw materials sold on its national and export wells valued at nearly 170 million dollars.

Products purchased on this floor included 64,300 tonnes of vacuum bottom, 91,597 tonnes of bitumen, 85,334 tonnes of polymer products, 39,033 tonnes of chemicals, 26,500 tonnes of cut lubricant, 3,795 tonnes of base oil, 30 tonnes of argon , 350 tonnes of insulation and 6,500 tonnes of sulfur.

In addition, the EMI saw the trade of 5,884 tonnes of various types of products in its secondary market.

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

Last April, IME Managing Director Hamed Soltani-Nejad unveiled the New Market Outlook Plan, which outlines IME’s development roadmap up to the Iranian calendar year 1404 (March 20205 -March 2026). The materialization of the slogan of this Iranian year, which is Surge in Production, is seriously considered in the mentioned plan and it is, in fact, the strategic approach of the foresight plan.

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