News ID: 316662
Published: 0115 GMT September 27, 2021

IME monthly trade tops $2b

IME monthly trade tops $2b

Iran Mercantile Exchange announced that more than 8.06 million tons of commodities, valued at over $2 billion, were traded in its domestic trading and export halls during the month to September 22.

In IMEs domestic and export metal and mineral trading hall, 6.01 million tons of various products, worth over $997 million, were traded, ime.co.ir reported.

At this trading hall, nearly 1.05 million tons of steel, nearly 4.65 million tons of cement, 19,180 tons of copper, 720 tons of molybdenum concentrate, 84 tons of precious metals concentrate, 28,010 tons of aluminum, as well as 108 kilograms of gold.

In addition, two million tons of various commodities, valued at over $985 million, were traded on IMEs domestic and export oil and petrochemical trading halls.

Also 521,024 tons of bitumen, 417,787 tons of polymer products, 163,169 tons of chemical products, 17,029 tons of base oil, and 34,645 tons of sulfur were traded.

The IME was set up on September 20, 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 exchanges of Tehran. The merger marked a new chapter in Irans capital market, providing many trading opportunities for customers both at home and abroad.

Economic and industrial sectors benefit from the exchange. The IME currently offers various services, such as performing 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; providing a venue for government sales and procurement purchases, a trading platform and user interface, clearing and settlement services, risk management, technology services, and training market participants.

 

   
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