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IME Monthly Report

Trade of More than 10 million tonnes of Commodities on IME

Within the month ending on June 21st, 2022, the IME witnessed trade of 10,826,000 tonnes of commodities with a total trading value of more than 3 billion USD on its physical market, showing 36% and 21% of growth in volume and value of trades respectively, as compared to the month before.
Trade of More than 10 million tonnes of Commodities on IME

According to a report by the IME's International Affairs and PR, the exchange saw on both domestic and export pits of its oil and petrochemical trading floor, trade of 1,558,000 tonnes of commodities valued at more than 1.1 billion USD.

The IME's customers purchased on this floor 300,800 tonnes of vacuum bottom, 400,622 tonnes of bitumen, 444,102 tonnes of polymeric products, 206,000 tonnes of lube cut, 155,855 tonnes of chemicals, 25,165 tonnes of sulfur, 24,198 tonnes of oil, 500 tonnes of argon and 800 tonnes of insulation.

Furthermore, the exchange saw trade of more than 9,181,000 tonnes of commodities worth nearly 2 billion USD on its metals and minerals trading floor.

Items traded on this floor included 5,986,000 tonnes of cement, 1,669,000 tonnes of steel, 1,224,000 tonnes of iron ore, 180,000 tonnes of sponge iron, 83,470 tonnes of aluminum, 55,149 tonnes of zinc, 35,361 tonnes of copper, 670 tonnes of molybdenum concentrate, 1,000 tonnes of coke, 60 tonnes of lead, 90 tonnes of precious metals concentrate and 5 kg of gold bars.

On its agricultural trading floor the exchange saw offering of 5 tonnes of saffron.

Next was the IME's automobile trading floor with trades of 22 Cara Pickup automobiles.

Last was the IME's side market on which the exchange traded 86,358 tonnes commodities.

Author: IME International Affairs

ID: 50077946

Published on: Sunday, June 26, 2022 10:00

Source: IME PR

View count: 76

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