TEHRAN (Iran News) – Iran Mercantile Exchange (IME) announced on Saturday that 923,380 tons of commodities, valued at over $2 billion, were traded in its domestic trading and export halls in the week ending September 10.
A total of 477,117 tons of various products, worth about $1.3 billion, were traded on IME’s domestic and export metal and mineral trading hall, according to ime.co.ir.
Among the traded products were 462,825 tons of steel, 8,180 tons of copper, 6,540 tons of aluminum, 140 tons of zinc, 12 tons of precious metal concentrates, 120 tons of molybdenum concentrates, as well as 10kg of gold bullion.
In addition, 440,856 tons of various commodities, valued at $712 million, were traded on IME’s domestic and export oil and petrochemical trading halls.
Among other traded items were 165,124 tons of bitumen, 69,771 tons of polymer products, 42,229 tons of chemical products, 1,310 tons of insulation, 2,107 tons of base oil, as well as 14,275 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 traded 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.