A total of 244,689 tons of various products worth about $592 million were traded on IME’s domestic and export metal and mineral trading hall, according to ime.co.ir.

Among the traded products were 240,804 tons of steel, 1,040 tons of copper, 2,000 tons of aluminum, 580 tons of zinc and 15 tons of precious metal concentrates, 250 tons of molybdenum concentrates, as well as 20kg of gold bullion.

In addition, 444,911 tons of various commodities, valued at $779 million, were traded on IME’s domestic and export oil and petrochemical trading halls.

Among other traded items were 157,605 tons of bitumen, 72,825 tons of polymer products, 36,303 tons of chemical products, 1,160 tons of insulation, 1,717 tons of base oil, as well as 5,130 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.

On the domestic and export metal and mineral trading hall of IME, 173,808 tons of various products worth close to $284 million were traded, according to ime.ir.

At this trading hall, 140,051 tons of steel, 3,285 tons of copper, 5,000 tons of aluminum, 160 tons of molybdenum concentrate, 12 tons of precious metal concentrate and 300 tons of zinc ingot, as well as 3kg of gold bullion were traded.

The report indicates that on domestic and export oil and petrochemical trading halls of IME, 460,031 tons of various commodities with a total value of $424 million were traded.

Also 175,302 tons of bitumen, 69,827 tons of polymer products, 27,918 tons of chemical products, 1,235 tons of insulation, 1,518 tons of base oil as well as 7,500 tons of sulfur were traded.

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 exchanges of Tehran. The merger marked a new chapter in Iran’s capital market providing many trading opportunities for customers, both at home and abroad.

Economic and industrial sectors benefit from the exchange. The IME currently offers various services, such as performing 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; providing a venue for government sales and procurement purchases; providing a trading platform and user interface; providing clearing and settlement services; risk management; technology services; and training market participants.