News ID: 302874
Published: 0232 GMT May 08, 2021

IME weekly trade surpasses $408m

IME weekly trade surpasses $408m

The Iran Mercantile Exchange (IME) announced on Saturday that 617,484 tons of commodities, valued at over $408 million, were traded in its domestic trading and export halls in the week ending May 7.

A total of 302,541 tons of various products, worth over $237 million, were traded on IME’s domestic and export metal and mineral trading hall, ime.co.ir reported on Saturday.

Among the traded products were 248,631 tons of steel, 1,320 tons of copper, 2,470 tons of aluminum ingots, as well as 120 tons of molybdenum concentrate and 50,000 tons of iron ore concentrate.

In addition, 313,650 tons of various commodities, valued at about $169 million, were traded on IME’s domestic and export oil and petrochemical trading halls.

Among other traded items were 97,695 tons of bitumen, 41,578 tons of polymer products, 32,485 tons of chemical products, 3,000 tons of base oil, and 1,250 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.

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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