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IME Weekly Report

IME Touched Higher Records in Value and Volume of Trades

Within the week ending on March 1, 2024, the IME witnessed trade of 3,112,323 tonnes of commodities with a total trading value of nearly 804 million USD, posting growths of 4% and 21% in volume and value of trades compared with the week before that.
IME Touched Higher Records in Value and Volume of Trades

According to a report by the IME's International Affairs and PR, the exchange saw on its metals and minerals trading floor trade of 2,506,566 tonnes of commodities worth more than 531 million USD.
On this floor the IME sold 1,396,003 tonnes of cement, 550,609 tonnes of steel, 514,000 tonnes of iron ore, 124,300 tonnes of sponge iron, 10,675 tonnes of aluminum, 9,614 tonnes of copper, 1,115 tonnes of zinc and 250 tonnes of molybdenum concentrate.

Furthermore, the IME witnessed on both domestic and export rings of its oil and petrochemical trading floor 593,774 tonnes of commodities valued at more than 258 million USD.
Commodities traded on this floor included 159,000 tonnes of vacuum bottom, 113,327 tonnes of polymeric products, 42,146 tonnes of chemicals, 35,300 tonnes of lube cut, 4,890 tonnes of sulfur, 4,797 tonnes of oil, 1,295 tonnes of bitumen, 540 tonnes of feedstocks and 104 tonnes of petroleum products.
The IME also traded within the same week 11,982 tonnes of goods on its side market.

Author: IME International Affairs

ID: 50091841

Published on: Saturday, March 2, 2024 15:00

Source: IME PR

View count: 18

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