Iranian-Mercantile-Exchange

IME monthly trade value hits $1,152mn

MNA– During January 2017, Iran Mercantile Exchange (IME) played host to trading of 2,205 KT of various commodities worth over 1,152 million USD in spot and side markets.

According to the report from IME International Affairs and PR, 2,205 KT of different commodities were traded in domestic and export trading floors including 1,181 KT of various commodities worth more than 555 million USD in oil and petrochemical trading floor, 760 KT of different products worth approximately 517 million USD in metals and minerals trading floor, and approximately 236 KT of agricultural products worth 71.8 million USD in agricultural trading floor in the spot market.

Moreover, this month, the export trading floor witnessed trading of 289,825 MT of bitumen worth more than 83.8 million USD, 3,405 MT of insulation worth more than 1,254 thousand USD, 110,000 MT of iron ore worth approximately 3.2 million USD, 2,000 MT of lube cut oil worth over 880,027 USD as well as 30,000 MT of wheat worth more than 8.4 million USD.

In addition, IME experienced trading of 28,881 MT of products worth 83,847 thousand USD in its side market during the same month.

It is worth noting, the derivatives market played host to the trading of 688,350 gold coin futures contracts worth over 2,798 million USD.

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