News ID: 317410
Published: 0328 GMT October 27, 2021

IME monthly trade surpasses $2b

IME monthly trade surpasses $2b

Iran Mercantile Exchange announced that more than 7.22 million tons of commodities, valued at over $2 billion, were traded in its domestic trading and export halls during the month to October 22.

In IME’s domestic and export metal and mineral trading hall, 5.54 million tons of various products, worth more than $1 billion, were traded, ime.co.ir reported.

At this trading hall, nearly 1.22 million tons of steel, over 3.99 million tons of cement, 26,445 tons of copper, 580 tons of molybdenum concentrate, 69 tons of precious metals concentrate, 23,940 tons of aluminum, as well as 67 kilograms of gold were traded.

In addition, 1.65 million tons of various commodities, valued at over $885 million, were traded on IME’s domestic and export oil and petrochemical trading halls.

Also 419,796 tons of bitumen, 328,872 tons of polymer products and 140,451 tons of chemical products 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 Iran’s 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 Iran’s 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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