A total of 1.31 million tons of various products, worth about $261 million, were traded on IME’s domestic and export metal and mineral trading hall, ime.co.ir reported on Saturday.
Traded products included 172,589 tons of steel, 5,360 tons of copper, 9,625 tons of aluminum ingots, 140 tons of molybdenum concentrate, 897,101 tons of cement and 1,400 tons of zinc.
In addition, 445,566 tons of various commodities, valued at about $214 million, were traded on IME’s domestic and export oil and petrochemical trading
Other traded items were 102,402 tons of bitumen, 68,553 tons of polymer products, 31,876 tons of chemical products, 3,639 tons of base oil and 340 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.