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IME Weekly Report

Remarkable Growth of 150% in Value of Trades

Within a week ending on the 30th of July, 2021, the IME witnessed trade of 895,813 tonnes of various types of commodities with a total trading value of more than 290 million USD, showing an increase of 122% and 150% in volume and value of trades respectively compared to the previous week.
Remarkable Growth of 150% in Value of Trades

 According to a report by the IME's international affairs and PR, the exchange sold 611,807 tonnes of commodities worth more than 124 million USD on its metals and minerals trading floor.

Commodities traded on this floor included 59,677 tonnes of steel, 6,030 tonnes of copper, 5,450 tonnes of aluminum, 120 tonnes of molybdenum concentrate, 30 tonnes of precious metals concentrate, 540 tonnes of zinc ingots, 506,960 tonnes of cement, 30,000 tonnes of iron ore, 1 kg of gold bars and 3,000 tonnes of sponge iron (DRI).

 Furthermore, the IME saw trade of 282,690 tonnes of commodities valued at more than 165 million USD on the domestic and export pits of its oil and petrochemical trading floor.

 On this floor, customers purchased 58,150 tonnes of vacuum bottom, 56,687 tonnes of bitumen, 74,730 tonnes of polymeric products, 36,229 tonnes of chemicals, 47,000 tonnes of lube cut, 4,981 tonnes of base oil, 20 tonnes of argon, 2,000 tonnes of slops wax, 210 tonnes of insulation and 2,225 tonnes of sulfur.

Also, 1,551 tonnes of commodities changed hands on the IME's side market within the same week.

Author: IME International Affairs

ID: 50075830

Published on: Saturday, July 31, 2021 13:00

Source: IME PR

View count: 36

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