News ID: 276158
Published: 1236 GMT October 31, 2020

IME weekly trade surpasses $204m

IME weekly trade surpasses $204m

Iran Mercantile Exchange (IME) announced on Saturday that 561,359 tons of commodities, valued at over $204 million, were traded in its domestic trading and export halls in the week ending October 29.

A total of 204,628 tons of various products, worth about $89 million, were traded on IME’s domestic and export metal and mineral trading hall, according to ime.co.ir.

Among the traded products were 201,878 tons of steel, 1,060 tons of copper, 730 tons of aluminum, 840 tons of zinc, 120 tons of molybdenum sulfur and 5kg of gold ingots.

In addition, 356,350 tons of various commodities, valued at $117 million, were traded on IME’s domestic and export oil and petrochemical trading halls.

Among other traded items were 57,196 tons of bitumen, 63,568 tons of polymer products, 32,216 tons of chemical products, 1,100 tons of insulation, 2,678 tons of base oil, as well as 4,280 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.

 

   
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