News ID: 315549
Published: 0202 GMT August 14, 2021

IME weekly trade tops $324m

IME weekly trade tops $324m

The Iran Mercantile Exchange (IME) announced that 1.43 million tons of commodities, valued at over $324 million, were traded in its domestic trading and export halls in the week ending August 13.

A total of 1.06 million tons of various products, worth over $136 million, were traded on IMEs domestic and export metal and mineral trading hall, reported on Saturday.

Among the traded products were 122,268 tons of steel, 1,980 tons of copper, 3,360 tons of aluminum ingots, 120 tons of molybdenum concentrate, 30 tons of precious metals concentrate, 845,750 tons of cement, 90,000 tons of iron ore, 10 kilograms of gold and 425 tons of zinc.

In addition, 369,328 tons of various commodities, valued at about $184 million, were traded on IMEs domestic and export oil and petrochemical trading halls.

Other traded items were 50,129 tons of bitumen, 75,697 tons of polymer products, 39,534 tons of chemical products, 3,387 tons of base oil, 1,100 tons of insulation and 24,595 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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