News ID: 313831
Published: 0223 GMT June 12, 2021

IME weekly trade tops $327m

IME weekly trade tops $327m

The Iran Mercantile Exchange (IME) announced on Saturday that 634,540 tons of commodities, valued at over $327 million, were traded in its domestic trading and export halls in the week ending June 11.

A total of 253,528 tons of various products, worth over $174 million, were traded on IME’s domestic and export metal and mineral trading hall, reported.

Among the traded products were 159,438 tons of steel, 4,620 tons of copper, 8,500 tons of aluminum ingots, as well as 160 tons of molybdenum concentrate and 640 tons of zinc.

In addition, 371,224 tons of various commodities, valued at about $156 million, were traded on IME’s domestic and export oil and petrochemical trading halls.

Among other traded items were 35,048 tons of bitumen, 50,339 tons of polymer products, 31,517 tons of chemical products, 5,200 tons of base oil, and 4,370 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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