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IME Weekly Report

Value of Trades Up by 50%

Within the week ending on 1st of October, the IME witnessed trade of 1,800,000 tonnes of commodities on its physical market worth almost 563 million USD, showing 21% and 52% of growth in volume and value of trades respectively, as compared to figures of the previous week.
Value of Trades Up by 50%

According to a report by the IME's international affair and PR, the exchange experienced within this week trade of 1,515,000 tonnes of commodities valued at more than 364 million USD on its metals and mineral trading floor.

On this floor the IME sold 955,370 tonnes of cement, 449,356 tonnes of steel, 80,000 tonnes of aluminum, 15 tonnes of precious metals concentrate, 17,410 tonnes of zinc, 1 kg of gold bars and 7,500 tonnes of sponge iron.

Furthermore, the exchange saw trade of 360,171 tonnes of commodities on its oil and petrochemical trading floor with a total trading value of nearly 194 million USD.

 Commodities sold on this floor included 103,000 tonnes of vacuum bottom, 93,558 tonne of bitumen, 84,736 tonnes of polymeric products, 34,000 tonnes of chemicals, 38,000 tonnes of lube cut, 2,859 tonnes of base oil, 105 tonnes of insulation and 800 tonnes of sulfur.

Last but not least was the IME's side market with 9,248 tonnes of commodities traded on it.

Author: IME International Affairs

ID: 50076205

Published on: Saturday, October 2, 2021 15:00

Source: IME PR

View count: 29

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