TEHRAN (Iran News) – Iran Mercantile Exchange (IME) announced on Saturday that 617,479 tons of commodities, valued at over $1.19 billion, were traded in its domestic trading and export halls in the past week (ending August 13).
A total of 289,904 tons of various products worth about $713.7 million were traded on IME’s domestic and export metal and mineral trading hall, according to ime.co.ir.
Among the traded products were 283,462 tons of steel, 520 tons of copper, 5,500 tons of aluminum, 410 tons of zinc and 12 tons of precious metal concentrates, as well as 21kg of gold bullion.
In addition, 327,375 tons of various commodities, valued at $510.1 million, were traded on IME’s domestic and export oil and petrochemical trading halls.
Among other traded items were 89,435 tons of bitumen, 57,347 tons of polymer products, 29,992 tons of chemical products, 1,320 tons of insulation, 1,166 tons of base oil, as well as 315 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, Irannews
