TEHRAN (Iran News) – The Iran Mercantile Exchange (IME) announced that 543,582 tons of commodities, valued at over $221 million, were traded in its domestic trading and export halls in the week ending October 8.
A total of 195,262 tons of various products, worth about $99 million, were traded on IME’s domestic and export metal and mineral trading hall, according to ime.co.ir.
Among the traded products were 187,340 tons of steel, 70 tons of copper, 5,520 tons of aluminum, 660 tons of zinc, 12 tons of precious metal concentrates, 120 tons of molybdenum concentrates, as well as 40 tons of lead ingot.
In addition, 346,891 tons of various commodities, valued at $125 million, were traded on IME’s domestic and export oil and petrochemical trading halls.
Among other traded items were 114,258 tons of bitumen, 73,083 tons of polymer products, 37,322 tons of chemical products, 2,712 tons of insulation, 2,226 tons of base oil, as well as 7,200 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