News ID: 314046
Published: 0245 GMT June 19, 2021

IME weekly trade over $384m

IME weekly trade over $384m

The Iran Mercantile Exchange (IME) announced that 824,288 tons of commodities, valued at over $384 million, were traded in its domestic trading and export halls in the week ending June 18.

A total of 438,651 tons of various products, worth over $216 million, were traded on IME’s domestic and export metal and mineral trading hall, reported on Saturday.

Among the traded products were 185,564 tons of steel, 4,720 tons of copper, 8,850 tons of aluminum ingots, as well as 250 tons of molybdenum concentrate and 585 tons of zinc.

In addition, 383,664 tons of various commodities, valued at about $167 million, were traded on IME’s domestic and export oil and petrochemical trading halls.

Other traded items were 154,368 tons of bitumen, 66,580 tons of polymer products, 31,155 tons of chemical products, 4,750 tons of base oil, and 1,270 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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