News ID: 318280
Published: 0328 GMT November 27, 2021

IME weekly trade nears $670m

IME weekly trade nears $670m

The Iran Mercantile Exchange (IME) announced that over two million tons of commodities, valued at over $669 million, were traded in its domestic trading and export halls in the week closing on November 26.

A total of 1.71 million tons of various products, worth about $476 million, were traded on IME’s domestic and export metal and mineral trading hall, ime.co.ir reported on Saturday.

Among the traded products were 558,496 tons of steel, 7,290 tons of copper, 10,400 tons of aluminum ingots, 21 tons of precious metals concentrate, over one million tons of cement and 11kg of gold bars.

In addition, 310,230 tons of various commodities, valued at about $189 million, were traded on IME’s domestic and export oil and petrochemical trading halls.

Other traded items were 84,380 tons of bitumen, 77,363 tons of polymer products, 31,178 tons of chemical products, 4,718 tons of base oil and 720 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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