News ID: 317143
Published: 0301 GMT October 16, 2021

IME weekly trade nears $464m

IME weekly trade nears $464m

The Iran Mercantile Exchange (IME) announced that 1.81 million tons of commodities, valued at almost $464 million, were traded in its domestic trading and export halls in the week ending October 15.

A total of 1.32 million tons of various products, worth over $217 million, were traded on IME’s domestic and export metal and mineral trading hall, reported on Saturday.

Among the traded products were 184,807 tons of steel, 11,325 tons of copper, 6,725 tons of aluminum ingots, 15 tons of precious metals concentrate, 980,520 tons of cement, 20kg of gold bars and 4,050 tons of zinc.

In addition, 484,132 tons of various commodities, valued at about $236 million, were traded on IME’s domestic and export oil and petrochemical trading halls.

Other traded items were 104,000 tons of bitumen, 75,393 tons of polymer products, 33,935 tons of chemical products, 4,989 tons of base oil and 20,800 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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