News ID: 314447
Published: 0246 GMT July 03, 2021

IME weekly trade over $412m

IME weekly trade over $412m

The Iran Mercantile Exchange (IME) announced that over one million tons of commodities, valued at over a$412 million, were traded in its domestic trading and export halls in the week ending July 2.

A total of 665,862 tons of various products, worth over $233 million, were traded on IME’s domestic and export metal and mineral trading hall, reported on Saturday.

Among the traded products were 203,700 tons of steel, 9,985 tons of copper, 10,940 tons of aluminum ingots, as well as 250 tons of molybdenum concentrate and 550 tons of zinc.

In addition, 345,056 tons of various commodities, valued at about $180 million, were traded on IME’s domestic and export oil and petrochemical trading halls.

Other traded items were 91,530 tons of bitumen, 94,801 tons of polymer products, 36,934 tons of chemical products, 3,577 tons of base oil, and 120 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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