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IME Weekly Report

2.9 Million Tonnes of Commodities Changed Hands on IME

Within the week ending on December 1, 2023, the IME witnessed trade of 2,967,894 tonnes of commodities with a total trading value of more than 676 million USD on its physical market.
2.9 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 2,353,072 tonnes of commodities valued at nearly 405 million USD.

On this floor the IME sold 1,248,560 tonnes of cement, 492,000 tonnes of iron ore, 440,527 tonnes of steel, 154,000 tonnes of sponge iron, 56,035 tonnes of zinc, 9,095 tonnes of copper, 7,600 tonnes of aluminum, 2,125 tonnes of cast iron, 200 tonnes of molybdenum concentrate and 100 tonnes of lead.

Furthermore, the IME witnessed on both domestic and export rings of its oil and petrochemical trading floor 548,117 tonnes of commodities worth more than 233 million USD.

Commodities traded on this floor included 190,000 tonnes of vacuum bottom, 161,447 tonnes of bitumen, 95,910 tonnes of polymeric products, 51,900 tonnes of lube cut, 28,876 tonnes of chemicals, 8,485 tonnes of sulfur, 4,649 tonnes of oil, 1,000 tonnes of slop wax, 430 tonnes of feedstocks and 200 tonnes of waterproofing materials.

The IME also traded within the same week 10 tonnes of goods on its side market.

Author: IME International Affairs

ID: 50091190

Published on: Saturday, December 2, 2023 15:00

Source: IME PR

View count: 20

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