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IME Weekly Report

Commodities Traded on IME Exceeds 2.8 Million Tonnes

Within the week ending on May 26, 2023, the IME witnessed trade of 2,865,574 tonnes of commodities with a total trading value of more than 642 million USD on its physical market.
Commodities Traded on IME Exceeds 2.8 Million Tonnes

According to a report by the IME's International Affairs and PR, the exchange saw on its metals and minerals trading floor trade of 2,432,157 tonnes of commodities valued at more than 440 million USD.

On this floor the IME sold 1,277,040 tonnes of cement, 600,000 tonnes of iron ore, 383,992 tonnes of steel, 158,600 tonnes of sponge iron, 8,890 tonnes of copper, 7,300 tonnes of aluminum, 875 tonnes of zinc, 500 tonnes of cast iron and 200 tonnes of molybdenum concentrate.

Based on this report, the exchange saw trade of 400 kg of saffron on its agricultural trading floor.

Furthermore, the IME witnessed on both domestic and export rings of its oil and petrochemical trading floor 420,051 tonnes of commodities worth nearly 194 million USD.

Commodities traded on this floor included 158,301 tonnes of bitumen, 97,028 tonnes of polymeric products, 73,000 tonnes of vacuum bottom, 39,702 tonnes of chemicals, 27,000 tonnes of lube cut, 21,200 tonnes of sulfur, 3,967 tonnes of base oil, 500 tonnes of petroleum products, 230 tonnes of feedstocks and 200 tonnes of insulation.

The IME also traded within the same week 13,365 tonnes of commodities on its side market.

Author: IME International Affairs

ID: 50079915

Published on: Saturday, May 27, 2023 12:00

Source: IME PR

View count: 86

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