IME Monthly Report

8.9 million Tonnes of Commodities Changed Hands on IME

Within the month ending on November 21st 2021, the IME traded in its physical market 8,961,000 tonnes of commodities with a total trading value of more than 2,357 million USD, experiencing growths of 24% and 18% in volume and value of trades respectively, as compared to the previous month.
8.9 million Tonnes of Commodities Changed Hands on IME

According to a report by the IME's international affairs and PR, the exchange sold on its metals and minerals trading floor 7,387,000 tonnes of commodities valued at more than 1,420 million USD.

Items traded on this floor included 5,176,000 tonnes of cement, 1,452,000 tonnes of steel, 521,000 tonnes of iron ore, 172,000 tonnes of sponge iron (DRI), 31,445 tonnes of aluminum, 30,535 of zinc, 29,100 tonnes of copper, 560 tonnes of molybdenum concentrate, 200 tonnes of metallurgical coke, 81 tonnes of precious metals concentrate and 63 kg of gold bars.

Furthermore, the exchange saw trade of more than 1,530,000 tonnes of commodities worth almost 907 million USD on its oil and petrochemical trading floor.

The IME's customers purchased on this floor 447,000 tonnes of vacuum bottom, 441,510 tonnes of bitumen, 324,851 tonnes of polymeric products, 150,081 tonnes of chemicals, 135,000 tonnes of lube cut, 15,682 tonnes of oil, 13,850 tonnes of sulfur, 546 tonnes of insulation and 50 tonnes of argon.

It's worth noting that the IME's agricultural trading floor played host to trading 1000 kg of saffron in this month.

Last was the IME's side market on which the exchange traded 42,795 tonnes of non-exchange-listed commodities.

Author: IME International Affairs

ID: 50076525

Published on: Wednesday, November 24, 2021 12:00

Source: IME PR

View count: 56

Wednesday, December 8, 2021 23:56

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