News ID: 272367
Published: 0155 GMT August 02, 2020

IME announces monthly trade above $4.6b

IME announces monthly trade above $4.6b

Iran Mercantile Exchange (IME) announced that 2.6 million tons of commodities valued at over $4.66 billion were traded in its domestic trading and export halls during July.

According to ime.co.ir, of the total weight and value of the traded products in this period, 1.7 million tons worth close to $2.34 billion pertained to IME’s domestic and export metal and mineral trading hall.

Among the items traded in the hall were 738,319 tons of steel, 24,565 tons of copper, 16,000 tons of aluminum, 530 tons of molybdenum concentrate, 54 tons of precious metal concentrate, 94,300 tons of zinc ingots, 200 tons of lead ingots as well as 30kg of gold bullions.

In addition, the products traded in IME’s domestic and export oil and petrochemical hall were 4 34,379 tons of bitumen, 292,014 tons of polymer products, 189,902 tons of chemicals, 4,585 tons of insulation materials, 8,720 tons of base oil and 72,095 tons of sulfur.

The IME was set up in September 2007 in accordance with Article 95 of the new law of Securities Market of the Islamic Republic of Iran following the merger of the 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.

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

   
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