News ID: 271366
Published: 0241 GMT July 11, 2020

IME weekly trade tops $1.4b

IME weekly trade tops $1.4b

Iran Mercantile Exchange (IME) announced on Saturday that 832,078 tons of commodities valued at over $1.4 billion were traded in its domestic trading and export halls in the past week (ending July 9).

A total of 405,221 tons of various products worth about $859 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 299,993 tons of steel, 6,160 tons of copper, 5,150 tons of aluminum, 18 tons of precious metal concentrates as well as 93,750 tons of zinc dust.

In addition, 424,856 tons of different commodities valued at $560 million were traded on IME’s domestic and export oil and petrochemical trading halls.

Among the other traded items were 121,556 tons of bitumen, 78,658 tons of polymer products, 43,360 tons of chemical products, 1,615 tons of insulation, 2,168 tons of base oil as well as 13,175 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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