News ID: 315807
Published: 0132 GMT August 28, 2021

IME weekly trade exceeds $381m

IME weekly trade exceeds $381m

The Iran Mercantile Exchange (IME) announced that 636,097 tons of commodities, valued at over $381 million, were traded in its domestic trading and export halls in the week ending August 27.

A total of 310,018 tons of various products, worth over $196 million, were traded on IMEs domestic and export metal and mineral trading hall, reported on Saturday.

Among the traded products were 227,450 tons of steel, 5,720 tons of copper, 6,050 tons of aluminum ingots, 120 tons of molybdenum concentrate, 18 tons of precious metals concentrate11,000 tons of cement, 50,000 tons of iron ore and 510 tons of zinc.

In addition, 323,576 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 55,569 tons of bitumen, 99,759 tons of polymer products, 42,047 tons of chemical products, 3,096 tons of base oil, 125 tons of insulation and 860 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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