News ID: 302715
Published: 0303 GMT May 02, 2021

IME weekly trade exceeds $400m

IME weekly trade exceeds $400m

The Iran Mercantile Exchange (IME) announced that 686,963 tons of commodities, valued at over $400 million, were traded in its domestic trading and export halls in the week ending April 30.

A total of 320,769 tons of various products, worth over $212 million, were traded on IME’s domestic and export metal and mineral trading hall, reported on Saturday.

Among the traded products were 261,245 tons of steel, 3,460 tons of copper and 5,300 tons of aluminum ingots as well as 120 tons of molybdenum concentrate, 150 tons of lead and 520 tons of zinc.

In addition, 362,931 tons of various commodities, valued at about $187 million, were traded on IME’s domestic and export oil and petrochemical trading halls.

Among other traded items were 142,940 tons of bitumen, 58,636 tons of polymer products, 38,764 tons of chemical products, 3,620 tons of base oil, and 1,000 tons of sulfur.

The IME was set up in 2007 in accordance with Article 95 of the 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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