News ID: 271039
Published: 0243 GMT July 04, 2020

IME weekly trade tops $904m

IME weekly trade tops $904m

Iran Mercantile Exchange (IME) announced on Saturday that 639,202 tons of commodities valued at over $904 million were traded in its domestic trading and export halls in the past week (ending July 2).

A total of 98,226 tons of various products worth about $312 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 89,718 tons of steel, 4,780 tons of copper, 3,350 tons of aluminum, 18 tons of precious metal concentrates as well as 190 tons of zinc.

In addition, 540,645 tons of different commodities valued at $611 million were traded on IME’s domestic and export oil and petrochemical trading halls.

Among the other traded items were 105,730 tons of bitumen, 77,708 tons of polymer products, 43,360 tons of chemical products, 1,615 tons of insulation, 11,862 tons of base oil as well as 2,220 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.

 

   
KeyWords
 
Comments
Comment
Name:
Email:
Comment:
Security Key:
Captcha refresh
Page Generated in 0/1639 sec