News ID: 279866
Published: 0338 GMT January 24, 2021

IME weekly trade exceeds $242m

IME weekly trade exceeds $242m
IRNA

The Iran Mercantile Exchange (IME) announced that 424,623 tons of commodities, valued at over $242 million, were traded in its domestic trading and export halls in the week ending January 21, 2021.

A total of 189,949 tons of various products, worth over $138 million, were traded on IME’s domestic and export metal and mineral trading hall, according to ime.co.ir.

Among the traded products were 187,409 tons of steel, 700 tons of copper, 1,720 tons of aluminum and 120 tons of molybdenum concentrate.

In addition, 232,951 tons of various commodities, valued at $103 million, were traded on IME’s domestic and export oil and petrochemical trading halls.

Among other traded items were 70,404 tons of bitumen, 30,936 tons of polymer products, 24,548 tons of chemical products, 2,266 tons of base oil as 1,100 tons of sulfur.

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 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.

It 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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