News ID: 316413
Published: 0217 GMT September 18, 2021

IME weekly trade surpasses $356m

IME weekly trade surpasses $356m

The Iran Mercantile Exchange (IME) announced that 1.86 million tons of commodities, valued at over $356 million, were traded in its domestic trading and export halls in the week ending September 17.

A total of 1.37 million tons of various products, worth over $142 million, were traded on IME’s domestic and export metal and mineral trading hall, reported on Saturday.

Among the traded products were 65,412 tons of steel, 6,520 tons of copper, 4,225 tons of aluminum ingots, 180 tons of molybdenum concentrate, 21 tons of precious metals concentrate, one million tons of cement, 250,000 tons of iron ore and 14,500 tons of zinc.

In addition, 486,000 tons of various commodities, valued at about $210 million, were traded on IME’s domestic and export oil and petrochemical trading halls.

Other traded items were 55,899 tons of bitumen, 73,123 tons of polymer products, 36,205 tons of chemical products, 3,311 tons of base oil and 6,520 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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