News ID: 291428
Published: 0354 GMT March 07, 2021

IME weekly trade surpasses $512m

IME weekly trade surpasses $512m

The Iran Mercantile Exchange (IME) announced that 939,318 tons of commodities, valued at over $512 million, were traded in its domestic trading and export halls in the week ending March 5.

A total of 572,004 tons of various products, worth over $315 million, were traded on IME’s domestic and export metal and mineral trading hall, according to ime.co.ir.

Among the traded products were 477,969 tons of steel, 260 tons of copper, 7,785 tons of aluminum and 200 tons of molybdenum concentrate as well as 30 tons of precious metals concentrate, 16kg of gold and 450 tons of zinc.

In addition, 361,881 tons of various commodities, valued at about $197 million, were traded on IME’s domestic and export oil and petrochemical trading halls.

Among other traded items were 124,809 tons of bitumen, 75,259 tons of polymer products, 40,367 tons of chemical products, and 16,200 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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