News ID: 269825
Published: 0230 GMT June 06, 2020

IME weekly trade surpasses $880m

IME weekly trade surpasses $880m

Iran Mercantile Exchange (IME) announced on Saturday that 673,518 tons of commodities valued at over $880 million were traded in its domestic trading and export halls in the past week (which ended June 4).

 

A total of 223,904 tons of various products worth about $446 million were traded on IME’s domestic and export metal and mineral trading hall, according to ime.co.ir.

Among the traded products at this hall were 212,616 tons of steel, 3,880 tons of copper, 7,240 tons of aluminum, 150 tons of molybdenum concentrate, 18 tons of precious metal concentrates as well as 20 kilograms of gold bullion.

In addition, 449,914 tons of different commodities valued at $435 million were traded on IME’s domestic and export oil and petrochemical trading halls.

Among the other traded items were 71,060 tons of bitumen, 79,119 tons of polymer products, 30,391 tons of chemical products, 1,074 tons of insulation, 1,550 tons of base oil as well as 61,420 tons of sulfur.

The IME was set up on September 20, 2007 in accordance with Article 95 of the new law of Securities Market of the Islamic Republic of Iran following the merger of agricultural and metal stock exchanges of Tehran. The merger marked a new chapter in Iran’s capital market providing many trading opportunities for customers both in the country and abroad.

The IME currently offers various services, including serving as the first market providing access to the initial offering of the listed commodities in the IME; price discovery and price making for Iran’s over-the-counter (OTC) trade, secondary markets and end users and providing a venue for government sales and purchases as well as a trading platform.

   
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