News ID: 316625
Published: 0244 GMT September 25, 2021

IME weekly trade exceeds $385m

IME weekly trade exceeds $385m

The Iran Mercantile Exchange (IME) announced that 1.55 million tons of commodities, valued at over $385 million, were traded in its domestic trading and export halls in the week ending September 24.

A total of 1.14 million tons of various products, worth over $184 million, were traded on IMEs domestic and export metal and mineral trading hall, reported on Saturday.

Among the traded products were 234,776 tons of steel, 1,000 tons of copper, 5,360 tons of aluminum ingots, 150 tons of molybdenum concentrate, 15 tons of precious metals concentrate, 910,000 tons of cement, 40kg of gold bars and 1,200 tons of zinc.

In addition, 398,817 tons of various commodities, valued at about $196 million, were traded on IMEs domestic and export oil and petrochemical trading halls.

Other traded items were 130,763 tons of bitumen, 81,952 tons of polymer products, 34,538 tons of chemical products, 3,590 tons of base oil and 9,000 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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