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IME Weekly Report

Volume of Trades Up by 10.6%

Within the week ending on September 1, 2023, the IME witnessed trade of 2,849,343 tonnes of commodities with a total trading value of more than 639 million USD on its physical market, posting growths of 11% in value of trades compared to the figures of the previous week.
Volume of Trades Up by 10.6%

According to a report by the IME's International Affairs and PR, the exchange saw on its metals and minerals trading floor trade of 2,272,315 tonnes of commodities valued at more than 373 million USD.

On this floor the IME sold 1,216,315 tonnes of cement, 590,000 tonnes of iron ore, 307,345 tonnes of sponge iron, 220,300 tonnes of steel, 10,310 tonnes of aluminum, 9,304 tonnes of copper and 270 tonnes of molybdenum concentrate.

Based on this report, IME's agricultural trading floor saw trade of 700 kg of saffron.

Moreover, the IME witnessed on both domestic and export rings of its oil and petrochemical trading floor 490,847 tonnes of commodities worth nearly 228 million USD.

Commodities traded on this floor included 187,000 tonnes of vacuum bottom, 105,628 tonnes of polymeric products, 85,194 tonnes of bitumen, 38,619 tonnes of chemicals, 5,171 tonnes of oil, 5,000 tonnes of sulfur, 1,062 tonnes of petroleum products, 420 tonnes of feedstocks and 280 tonnes of insulation.

The IME also traded within the same week 86,181 tonnes of goods on its side market.

Author: IME International Affairs

ID: 50090546

Published on: Saturday, September 2, 2023 12:00

Source: IME PR

View count: 158

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