News ID: 318473
Published: 0349 GMT December 04, 2021

IME weekly trade exceeds $458m

IME weekly trade exceeds $458m

The Iran Mercantile Exchange (IME) announced that over 1.85 million tons of commodities, valued at over $458 million, were traded in its domestic trading and export halls in the week closing on December 3.

A total of 1.51 million tons of various products, worth about $248 million, were traded on IME’s domestic and export metal and mineral trading hall, reported on Saturday.

Among the traded products were 218,941 tons of steel, 4,120 tons of copper, 8,450 tons of aluminum ingots, 21 tons of precious metals concentrate, over one million tons of cement and 4kg of gold bars.

In addition, 331,729 tons of various commodities, valued at about $204 million, were traded on IME’s domestic and export oil and petrochemical trading halls.

Other traded items were 106,950 tons of bitumen, 84,711 tons of polymer products, 31,383 tons of chemical products, 5,449 tons of base oil and 6,580 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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