News ID: 277102
Published: 0342 GMT November 21, 2020

IME monthly trade surpasses $771m

IME monthly trade surpasses $771m
IRNA

Iran Mercantile Exchange (IME) announced on Saturday that 1.91 million tons of commodities, valued at over $771 million, were traded in its domestic trading and export halls during the month to November 20.

In IME’s domestic and export metal and mineral trading hall, 703,529 tons of various products, worth close to $344 million, were traded, according to ime.co.ir.

At this trading hall, 693,972 tons of steel, 5,140 tons of copper, 480 tons of molybdenum concentrate, nine tons of precious metals concentrate, 860 tons of zinc, 3,410 tons of aluminum, as well as 16kg of gold bullion were traded.

Also 293,420 tons of bitumen, 210,861 tons of polymer products, 125,441 tons of chemical products, 6,300 tons of insulation, 7,196 tons of base oil, as well as 21,890 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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