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IME Weekly Report

3.1 Million tonnes of Commodities Changed Hands on IME

Within the week ending on June 23, 2023, the IME witnessed trade of 3,127,518 tonnes of commodities and 70 vehicles with a total trading value of more than 692 million USD on its physical market, posting growths of 11.3% in volume 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 2,613,727 tonnes of commodities and 70 vehicles worth nearly 480 million USD.
On this floor the IME sold 1,230,760 tonnes of cement, 842,000 tonnes of iron ore, 392,342 tonnes of steel, 147,000 tonnes of sponge iron, 7,575 tonnes of aluminum, 5,846 tonnes of copper, 1,000 tonnes of zinc, 200 tonnes of molybdenum concentrate and 70 vehicles.

Furthermore, the IME witnessed on both domestic and export rings of its oil and petrochemical trading floor 497,230 tonnes of commodities valued at more than 201 million USD.
Commodities traded on this floor included 220,666 tonnes of bitumen, 115,000 tonnes of vacuum bottom, 94,190 tonnes of polymeric products, 33,707 tonnes of chemicals, 27,000 tonnes of lube cut, 4,290 tonnes of oil, 2,260 tonnes of sulfur, 650 tonnes of petroleum products, 300 tonnes of insulation and 270 tonnes of feedstocks.
The IME also traded within the same week 16,560 tonnes of commodities on its side market.

Author: IME International Affairs

ID: 50080066

Published on: Saturday, June 24, 2023 15:00

Source: IME PR

View count: 68

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