News ID: 270929
Published: 0300 GMT July 01, 2020

IME monthly trade tops $4.75b

IME monthly trade tops $4.75b

Iran Mercantile Exchange (IME) announced on Wednesday that 3.088 million tons of commodities, valued at over $4.75 billion, were traded in its domestic trading and export halls during June.

In IME’s domestic and export metal and mineral trading hall, 1.92 million tons of various products, worth close to $2.23 billion, were traded, according to ime.co.ir.

At this trading hall, 1.03 million tons of steel, 18,475 tons of copper, 600 tons of molybdenum concentrates, 90 tons of precious metals concentrates, 71,970 tons of zinc, 200 tons of lead ingot, 28,405 tons of aluminum, as well as 17 kg of gold bullion were traded by customers.

Also 454,287 tons of bitumen, 363,163 tons of polymer products, 129,840 tons of chemical products, 4,920 tons of insulation, 8,027 tons of base oil, as well as 108,493 tons of sulfur were traded.

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

Economic and industrial sectors benefit from the exchange. The IME currently offers various services, such as performing 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; providing a venue for government sales and procurement purchases, a trading platform and user interface, clearing and settlement services, risk management, technology services, and training market participants.

 

 

   
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