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IME Weekly Report

Volume of Trades Up by 26%

Within the week ending on August 11, 2023, the IME witnessed trade of 3,025,362 tonnes of commodities with a total trading value of more than 774 million USD on its physical market, posting growths of 45% in value of trades compared to the figures of the previous week.
Volume of Trades Up by 26%

According to a report by the IME's International Affairs and PR, the exchange saw on its metals and minerals trading floor trade of 2,400,860 tonnes of commodities valued at nearly 499 million USD.

On this floor the IME sold 1,125,073 tonnes of cement, 550,000 tonnes of iron ore, 503,349 tonnes of steel, 204,800 tonnes of sponge iron, 36,800 tonnes of zinc, 11,355 tonnes of aluminum, 7,590 tonnes of copper, 250 tonnes of molybdenum concentrate and 27 tonnes of precious metals concentrate.

Moreover, the IME witnessed on both domestic and export rings of its oil and petrochemical trading floor 581,643 tonnes of commodities worth more than 252 million USD.

Commodities traded on this floor included 186,000 tonnes of vacuum bottom, 151,860 tonnes of bitumen, 98,165 tonnes of polymeric products, 71,595 tonnes of chemicals, 48,000 tonnes of lube cut, 22,300 tonnes of sulfur, 3,999 tonnes of oil, 750 tonnes of petroleum products, 200 tonnes of feedstocks and 200 tonnes of insulation.

The IME also traded within the same week 6,858 tonnes of goods on its side market.

Author: IME International Affairs

ID: 50090376

Published on: Saturday, August 12, 2023 13:00

Source: IME PR

View count: 63

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