News ID: 315144
Published: 0114 GMT July 31, 2021

IME weekly trade exceeds $290m

IME weekly trade exceeds $290m

The Iran Mercantile Exchange (IME) announced that over 895,813 tons of commodities, valued at over $290 million, were traded in its domestic trading and export halls in the week ending July 30.

A total of 611,807 tons of various products, worth over $124 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 59,607 tons of steel, 6,030 tons of copper, 5,450 tons of aluminum ingots, 120 tons of molybdenum concentrate, 30 tons of precious metals concentrate, 506,960 tons of cement, 30,000 tons of iron ore, one kilogram of gold and 28,605 tons of zinc.

In addition, 282,690 tons of various commodities, valued at about $165 million, were traded on IME’s domestic and export oil and petrochemical trading halls.

Other traded items were 56,687 tons of bitumen, 74,730 tons of polymer products, 36,229 tons of chemical products, 4,981 tons of base oil, and 2,225 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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