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IME Weekly Report

3.1 Million tonnes of Commodities Changed Hands on IME

Within the week ending on July 21, 2023, the IME witnessed trade of 3,156,943 tonnes of commodities with a total trading value of more than 860 million USD on its physical market, posting growths of 18.7% in volume and 32.2% in value of trades compared to the figures of the previous week.
3.1 Million tonnes of Commodities Changed Hands on IME

According to a report by the IME's International Affairs and PR, the exchange saw on its metals and minerals trading floor trade of 2,540,000 tonnes of commodities valued at more than 587 million USD.

On this floor the IME sold 1,101,264 tonnes of cement, 650,000 tonnes of iron ore, 531,016 tonnes of steel, 245,000 tonnes of sponge iron, 38,750 tonnes of aluminum, 12,116 tonnes of copper, 2,000 tonnes of coke and 210 tonnes of molybdenum concentrate.

Furthermore, the IME witnessed on both domestic and export rings of its oil and petrochemical trading floor 537,549 tonnes of commodities worth nearly 248 million USD.

Commodities traded on this floor included 148,511 tonnes of bitumen, 143,000 tonnes of vacuum bottom, 121,758 tonnes of polymeric products, 64,000 tonnes of lube cut, 43,006 tonnes of chemicals, 9,225 tonnes of sulfur, 4,585 tonnes of oil, 3,692 tonnes of petroleum products, 445 tonnes of insulation and 280 tonnes of feedstocks.

The IME also traded within the same week 79,395 tonnes of commodities on its side market.

Author: IME International Affairs

ID: 50090260

Published on: Saturday, July 22, 2023 13:00

Source: IME PR

View count: 59

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