TEHRAN (Iran News) – Iran Mercantile Exchange (IME) announced on Monday that 886,179 tons of commodities, valued at over $1.64 billion, were traded in its domestic trading and export halls in the week ending to August 27.
Last week, a total of 337,884 tons of various products worth about $845 million were traded on IME’s domestic and export metal and mineral trading hall, according to ime.co.ir.
Among the traded products were 326,297 tons of steel, 3,140 tons of copper, 7,840 tons of aluminum, 475 tons of zinc and 12 tons of precious metal concentrates, 120 tons of molybdenum concentrates, as well as 20kg of gold bullion.
In addition, 525,188 tons of various commodities, valued at $800.7 million, were traded on IME’s domestic and export oil and petrochemical trading halls.
Among other traded items were 149,874 tons of bitumen, 83,810 tons of polymer products, 35,060 tons of chemical products, 1,260 tons of insulation, 1,414 tons of base oil, as well as 700 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