News ID: 314677
Published: 0544 GMT July 10, 2021

IME weekly trade surpasses $486m

IME weekly trade surpasses $486m

The Iran Mercantile Exchange (IME) announced that over 1.3 million tons of commodities, valued at over $486 million were traded in its domestic trading and export halls in the week ending July 9.

A total of 948,565 tons of various products, worth over $305 million, were traded on IMEs domestic and export metal and mineral trading hall, reported on Saturday.

Among the traded products were 342,413 tons of steel, 3,320 tons of copper, 5,450 tons of aluminum ingots, 10 tons of gold and 28,605 tons of zinc.

In addition, 372,006 tons of various commodities, valued at about $181 million, were traded on IMEs domestic and export oil and petrochemical trading halls.

Other traded items were 109,405 tons of bitumen, 84,402 tons of polymer products, 30,739 tons of chemical products, 3,795 tons of base oil, and 25,500 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 Irans 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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