TEHRAN (Iran News) – The Iran Mercantile Exchange (IME) announced on Saturday that 619,083 tons of commodities, valued at over $1.73 billion, were traded in its domestic trading and export halls in the week ending September 24.
A total of 321,331 tons of various commodities, worth about $966 million, were traded on IME domestic and export metal and mineral trading hall, according to ime.co.ir.
Among the traded products were 301,009 tons of steel, 6,880 tons of copper, 7,700 tons of aluminum, 610 tons of zinc, 12 tons of precious metal concentrates, 120 tons of molybdenum concentrates, as well as 5,000 tons of iron ore.
In addition, 291,276 tons of various commodities, valued at $1.09 billion, were traded on IME’s domestic and export oil and petrochemical trading halls.
Among other traded items were 75,332 tons of bitumen, 78,766 tons of polymer products, 50,368 tons of chemical products, 1,795 tons of insulation, 2,365 tons of base oil, as well as 25,500 tons of sulfur.
The IME was set up on September 20, 2007 in accordance with Article 95 of the new law of the 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