IME's Financial Market made up $11.73 billion and its physical market accounted for $9.76 billion of the exchange's total annual trade value.
Oil and petrochemical products had the highest share of both trade volume and value, as 13 million tons worth $4.84 billion were traded, followed by mineral products with 9 million tons worth $4.07 billion, agricultural products with 2.5 million tons worth $713.28 million and exports with 5.74 million tons worth $789,473. Founded in 2006, IME trades in commodities in the spot and futures markets.
IME’s financial market worth 446,000 billion Rials
According to the report by the IME’s International Affairs and PR, over 12 months, the value of IME’s financial markets including derivatives markets, standard parallel SALAM contracts and certificate of depositary receipts (CDRs) surpassed 446,000 billion Rials and compared to the market value of 173,000 Rials in previous period experienced a growth of 157%.
The derivatives market of IME, in 1395, played host to trading more than 3,245,000 gold coin futures contracts with over 390,000 billion Rials trade value and compared to the same period of the previous period experienced a growth of 91% and 134% in trade volume and value, respectively. Furthermore, 42,852 options contracts worth more than 503 billion Rials were traded on the same market.
Moreover, 7.1 million tonnes of commodities within the framework of standard parallel SALAM contracts and 453,000 of underlying assets were traded in certificate of depositary receipts (CDRs) out of which 10,082 gold coins were traded in CDRs. On this market, IME saw trade value of 55,000 billion Rials in trading standard parallel SALAM contracts and certificate of depositary receipts (CDRs) which, compared to the value of 7,000 billion Rials in 1394, has risen by over 596%.
IME’s physical market worth 371,000 billion Rials
Based on the report, in excess of 25,472,000 tonnes of various commodities worth more than 371,000 billion Rials were traded on the physical market of IME. The volume and value of the market, compared to the previous period, witnessed 10% and 25% of growth, respectively.
A 21% growth in trade value of metal and mineral commodities
Over this period, on metal and mineral trading floor, different groups of products including iron, ore, aluminum, steel, zinc ingot, gold bullion, copper, cement, precious metals concentrates, molybdenum sulfur and metallurgical coke were traded.
The oil and petrochemical trading floor witnessed trading of bitumen products, polymer and chemical materials, slaps wax, insulation, argon, sulfur lumps and granulated sulfur, heavy and light lube-cut oil, and VB feed stock were traded on the export and domestic sectors. The agricultural trading floor played host to trading of commodities such as feed barley, maize, sugar, meals, frozen chicken, saffron, wheat and durum, rice, oilseed and crude vegetable oil.
The metal and mineral trading floor within the period witnessed trading of more than 9 million tonnes of commodities worth more than 155,000 billion Rials, compared to the same period last year, experiencing over 21.6% of growth in terms of trade value.
Out of the total transactions on this trading floor, approximately 6.8 million tonnes of commodities worth 116,000 billion Rials were traded in SALAM (physical forward). About 2.5 million tonnes of goods worth more than 40,000 billion Rials were traded in cash. Also, 5,740 tonnes worth 460 billion Rials were traded in credit.
On the steel group, more than 6,968,000 tonnes of commodities with over 117,000 billion Rials trade value were traded and compared to the same period of the previous year experienced growth of 4.2% and 27% in trade volume and value, respectively. Furthermore, on this trading floor, over 111,000 tonnes of aluminum, 1,490 tonnes zinc ingot, 261,000 tonnes of copper, 126 tonnes of precious metals concentrates, 6,040 tonnes of molybdenum sulfur, 8,500 tonnes of metallurgical coke, 2,030,000 tonnes of iron ore and 5,500 tonnes cement were traded. 620 Kg of gold bullion were traded on the same trading floor which compared to last year experienced growth of 3% and 19% in trade volume and value, respectively.
A 229% growth in agricultural commodities trade value
Over last 12 months, more than 2,509,000 tonnes of agricultural commodities were traded that compared to the same period of the previous year experienced growth of 229% and 199% in trade volume and value, respectively.
Out of the total transactions on this trading floor, approximately 2.215 million tonnes of commodities worth 20,000 billion Rials were traded in cash. About 286,000 tonnes of goods worth more than 7,000 billion Rials were traded in SALAM (physical forward). Also, 7,260 tonnes worth 105 billion Rials were traded in credit.
On the feed barley group, more than 1,247,000 tonnes of commodities with over 8,000 billion Rials trade value were traded and compared to the same period of the previous year experienced a significant growth. Furthermore, on this trading floor, more than 342,000 tonnes of maize, 11,360 tonnes of meals, 15,046 tonnes of frozen chicken, 12 Kg of saffron, 18,571 tonnes of rice, 50 tonnes of oilseed and 50,014 tonnes of crude vegetable oil were traded. Also, 400,698 tonnes of sugar valued at more than 9,000 billion Rials were traded on this trading floor.
Trading over 13 million tonnes of oil and petrochemical products
In this period, in excess to 13 million tonnes of various commodities worth more than 184,000 billion Rials were traded on the oil and petrochemical trading floor that experienced growth of 7% and 16.32% in trade volume and value, respectively.
Polymers account for the highest transaction volume of petrochemicals so that 2,597,000 tonnes worth 96,000 billion Rials were traded that compared to the same period of the previous year experienced growth of 27% and 32% in trade volume and value, respectively.
On the chemical products group, trading of 961,000 tonnes of chemical products with over 17,000 billion Rials trade value was recorded and compared to the same period of last year experienced growth of 25% and 44% in trade volume and value, respectively.
On the oil products group, 5,227,000 tonnes of bitumen products worth over 40,000 billion Rials were traded and compared to the same period of last year experienced a growth of 20% in terms of trade volume. 350,000 tonnes of sulfur, 3.2 million tonnes of VB feed stock, 1,024,000 tonnes of lube-cut oil, 29,100 tonnes of slaps waxes as well as 44,527 tonnes of insulation are among the other commodities traded on this trading floor.
Trading over 30 billion Rials of various commodities on export ring of IME
Over the last 12 months, about 5 million and 748 thousand tonnes of different kinds of products worth more than 30 billion Rials were traded on export ring of IME. On this ring, two million and 30 thousand tonnes of iron ore worth more than 2 billion Rials for export to global markets were traded. Also, 3 million and 396 thousand tonnes of bitumen worth more than 26 billion Rials were traded on this ring. Moreover, 210 thousand tonnes of sulfur valued at more than 366 million Rials were traded. Other commodities traded on this ring include 44 thousand 527 tonnes of insulation, 31 thousand tonnes of agricultural products, 15 thousand 700 tonnes of lube-cut oil and 17 thousand 750 tonnes of VB feed stock.
Side market performance
Last but not least, on the side market of IME, over last 12 months, 114 thousand 606 tonnes of goods in agricultural commodity groups, polymers, chemicals, scraps, metals and minerals, sulfate and lime, worth more than 1,472 billion Rials were traded.
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