News ID: 275066
Published: 0414 GMT October 03, 2020

IME Sept. trade surpasses $1.5b

IME Sept. trade surpasses $1.5b

Iran Mercantile Exchange (IME) announced on Saturday that 3.5 million tons of commodities, valued at over $1.5 billion, were traded in its domestic trading and export halls in September.

In IME’s domestic and export metal and mineral trading hall, 1.67 million tons of various products, worth close to $944 million, were traded, according to ime.co.ir.

At this trading hall, 1.57 million tons of steel, 28,615 tons of copper, 600 tons of molybdenum concentrates, 60 tons of precious metals concentrates, 26,900 tons of zinc, 33,850 tons of aluminum, as well as 40kg of gold bullion were traded by customers.

Also 557,434 tons of bitumen, 364,399 tons of polymer products, 203,688 tons of chemical products, 7,615 tons of insulation, 10,560 tons of oil products, as well as 54,650 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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