News ID: 315345
Published: 0107 GMT August 07, 2021

IME weekly trade surpasses $555m

IME weekly trade surpasses $555m

The Iran Mercantile Exchange (IME) announced that over one million tons of commodities, valued at over $555 million, were traded in its domestic trading and export halls in the week ending August 6.

A total of 603,573 tons of various products, worth over $345 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 369,793 tons of steel, 5,200 tons of copper, 7,075 tons of aluminum ingots, 120 tons of molybdenum concentrate, 30 tons of precious metals concentrate, 105,670 tons of cement, 25,000 tons of iron ore, 24 kilograms of gold and 210 tons of zinc.

In addition, 390,250 tons of various commodities, valued at about $194 million, were traded on IME’s domestic and export oil and petrochemical trading halls.

Other traded items were 113,850 tons of bitumen, 78,200 tons of polymer products, 33,695 tons of chemical products, 2,338 tons of base oil, and 5,100 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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