According to the report by the IME’s International Affairs and PR, over this period, the metal and mineral trading floor witnessed trading of various commodities including iron ore, aluminum, steel, zinc ingot, gold bullion, copper, cement, precious metals concentrates, molybdenum sulfur and metallurgical coke. On the oil and petrochemical trading floor commodities such as bitumen products, polymer and chemical products, slaps waxes, insulation, argon, sulfur lumps and granulated sulfur, heavy and light lube-cut oil, and vacuum bottom were traded on the both export and domestic trading floors. Furthermore, commodities including barley, maize, sugar, various types of meal, frozen chicken, saffron, consumer and durum wheat, rice, oilseed and crude vegetable oil were traded by the customers on the agricultural trading floor.
According to the report, during this period, on the IME’s side market, 92,606 tons of commodities in commodity groups of agricultural, polymers, chemicals, waste, metal and mineral, sulfate and lime, worth more than 37,978,986 dollars were traded.
Based on the report, IME’s derivatives market over the ten months of current Iranian calendar year (began March 20, 2016), witnessed trading of more than two millions and 545 thousand gold futures contracts worth more than 9,270,704,573 dollars compared to the same period of the last year experienced a growth of 144% in contract volume and 202% in contracts value.
Options contracts launched at the beginning of January 2017 experienced trading of 25,445 contracts worth over 9,116,192 dollars.
A $1.5bn Financial Market
During the 10 months of current Iranian year, the value of IME’s financial market passes 1,452,410,383 dollars and compared to the same period of last year experienced a significant growth of 1,238%.
In the financial market, in addition to standard parallel SALAM contracts, certificates of deposit for commodities including gold coins, barley and maize were traded.
In the financial market of IME, 6.3 million tons of goods within the frame work of standard parallel SALAM contracts and certificates of deposit for 381,000 tons of commodities were traded. It is worth noting that 9,561 gold coins were traded within the frame work of certificates of deposit.
During this period, the total volume of transactions in the physical market was more than 21 million and 422 tons of goods worth excess to 9,332,509,270 dollars.
The volume and value of trading on the IME’s physical market compared to last year increased by 17 and 24 percent, respectively.
A Growth of 25.5% in Trading Value on Metal and Mineral Trading Floor
During the ten-month period, the metal and mineral trading floor witnessed trading of over 8 million tons of goods worth more than 3,955,500,618 dollars and compared to the same period of last year experienced growth of more than 5 percent in volume and over 25.5 percent in the value of transactions.
Of total transactions in this trading floor, about 5.8 million tons of commodities were traded worth more than 2,935,723,114 dollars. About 2.2 million tons of goods were traded in cash worth more than 988,875,154 dollars. Also, 4,130 tons of commodities worth 9,796,044 dollars were traded in credit.
On the steel group, more than 5 million and 913 thousand tons of commodities worth more than 2,966,625,463 dollars were traded and compared to the same period of last year experienced a growth of 16.5% and 33% in trading volume and value, respectively.
Moreover, on this trading floor, more than 92,000 tons of aluminum, 1,370 tons of zinc ingot, 222,000 tons of copper, 102 tons of precious metals concentrate, 5,160 tons of molybdenum sulfur, 7,300 tons of metallurgical coke, a million and 870 thousand tons of iron ore and 4,500 tons of cement were traded. Furthermore, 597 kg of gold bullion were traded on the same trading floor and compared to the same period of the last year, volume and value experienced a growth 28% and 50%, respectively.
A Growth of 194% in Trading Volume on Agricultural Trading Floor
During the ten-month period, the agricultural trading floor witnessed trading of over 2 million tons of commodities and compared to the same period of last year experienced growth of more than 194 percent in volume and over 167 percent in the value of transactions.
Of the total transactions on this trading floor, approximately 1.8 million tons of commodities were traded worth over 525,339 dollars. About 281,000 tons of goods worth more than 216,316,440 dollars were traded in SALAF. Moreover, about 7,260 tons of commodities worth more than 3,244,746 dollars were traded in credit.
In the barley group, more than 1 million and 246 thousand tons of feed barley worth more than 247,218,788 dollars were traded which compared to the same period of last year has experienced a significant growth. On this trading floor, over 245,000 tons of maize, 11,310 tons of meals, 9,566 tons of frozen chicken, 8 kg of saffron, 17,571 tons of rice, 50 tons of oilseed and 22,189 tons of crude vegetable oil were traded. Also, 388,000 tons of sugar worth more than 278,121,137 dollars was traded on the same trading floor.
Trading 11 million tons of Various Commodities on Oil and Petrochemical Trading Floor
During the ten-month period, the oil and petrochemical trading floor experienced trading of over 11 million tons of commodities worth over 4,542,645,241 dollars and compared to the same period of last year experienced growth of more than 31 percent in volume and over 7.91 percent in the value of transactions.
The highest trading volume on this trading floor is related to the polymer products so that 2 million and 187 thousand tons of polymer products worth 2,441,285,537 dollars were traded on this trading floor which experienced growth of more than 31 percent in volume and over 33 percent in the value of transactions.
On chemical products group during this period, 800,000 tons of chemical products worth over 432,632,880 dollars was traded and compared to the same period of last year, experienced growth of 25 percent in volume and 36 percent in the value of transactions.
On oil groups, 4 million and 168 thousand tons of bitumen worth more than 927,070,457 dollars was traded and compared to the same period of last year, experienced growth of 60 percent in volume of transactions. Among other commodities traded on this group we can refer to trading of 295 thousand tons of sulfur, 2.6 million tons of vacuum bottom, 840,000 tons of lube cut oil, 23,100 MT of slaps wax and 40,612 tons of insulation.
Trading 757 million USD of Commodities on Export Trading Floor
During the ten months of this year, about 4 million and 916 thousand tons of commodities worth more than 757 million USD were traded on the IME’s export trading floor.
In this trading floor, 1 million and 870 thousand tons of iron ore worth more than 58 million USD were traded to export to the global markets. 2 million and 791 thousand tons of bitumen worth more than 659 million USD were traded on the same trading floor. 178,000 tons of sulfur worth more than 10 million USD was traded. Amon other commodities traded on the export trading floor we can refer to trading of 40,612 tons of insulation, 3,270 tons of agricultural products, 15,700 tons of lube-cut and 17,750 tons on vacuum bottom.
HA/PR