TEHRAN (Iran News) – Iran Mercantile Exchange (IME) announced on Saturday that 693,030 tons of commodities, valued at over $1.23 billion, were put in trade in its domestic trading and export halls in the past week (ending August 20).
A total of 244,689 tons of various products worth about $592 million were traded on IME’s domestic and export metal and mineral trading hall, according to ime.co.ir.
Among the traded products were 240,804 tons of steel, 1,040 tons of copper, 2,000 tons of aluminum, 580 tons of zinc and 15 tons of precious metal concentrates, 250 tons of molybdenum concentrates, as well as 20kg of gold bullion.
In addition, 444,911 tons of various commodities, valued at $779 million, were traded on IME’s domestic and export oil and petrochemical trading halls.
Among other traded items were 157,605 tons of bitumen, 72,825 tons of polymer products, 36,303 tons of chemical products, 1,160 tons of insulation, 1,717 tons of base oil, as well as 5,130 tons of sulfur.
The IME was set up on September 20, 2007 in accordance with Article 95 of the new law of Securities Market of the Islamic Republic of Iran following the merger of agricultural and metal stock exchanges of Tehran.
The merger marked a new chapter in Iran’s capital market providing many trading opportunities for customers both in the country and abroad.
The IME 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.
- source : Iran Daily
