News ID: 273280
Published: 0227 GMT August 23, 2020

IME: Monthly trade tops $5b

IME: Monthly trade tops $5b

Iran Mercantile Exchange (IME) announced that 2.67 million tons of commodities, valued at over $5 billion, were traded in the domestic trading and export sections of its halls during the month to August 21.

Slightly over one million tons of various products, worth about $2.58 billion, were traded in the domestic and export sections of IME’s metal and mineral trading hall, according to ime.co.ir.

Among the traded products were 976,437 tons of steel, 14,620 tons of copper, 490 tons of molybdenum concentrate, 52 tons of precious metals concentrates, 2,54 tons of zinc, 13,650 tons of aluminum, as well as 68 kilograms of gold bullions.

In addition, 1.66 million tons of various commodities, valued at $2.42 billion, were traded in the domestic and export sections of IME’s oil and petrochemical trading hall.

The traded items were 456,096 tons of bitumen, 266,288 tons of polymer products, 170,053 tons of chemicals, 4,570 tons of insulation materials, 6,063 tons of base oil and 370 tons of sulfur.

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 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 its 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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