Iran Mercantile Exchange weekly trade nears $400m

The Iran Mercantile Exchange (IME) announced that 1.6 million tons of commodities, valued at $399 million, were traded in its domestic trading and export halls in the week ending October 8.

11 October 2021
ID : 33145
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The Iran Mercantile Exchange (IME) announced that 1.6 million tons of commodities, valued at $399 million, were traded in its domestic trading and export halls in the week ending October 8.

Iran Mercantile Exchange (IME) headquarters in Tehran

The Iran Mercantile Exchange (IME) announced that 1.6 million tons of commodities, valued at $399 million, were traded in its domestic trading and export halls in the week ending October 8.
A total of 1.22 million tons of various products, worth over $190 million, were traded on IME’s domestic and export metal and mineral trading hall, ime.co.ir reported.

Among the traded products were 263,452 tons of steel, 1,220 tons of copper, 3,690 tons of aluminum ingots, 15 tons of precious metals concentrate, 938,860 tons of cement, 20kg of gold bars and 310 tons of zinc.

In addition, 376,227 tons of various commodities, valued at about $199 million, were traded on IME’s domestic and export oil and petrochemical trading halls.

Other traded items were 101,513 tons of bitumen, 86,830 tons of polymer products, 34,464 tons of chemical products, 3,060 tons of base oil and 20,880 tons of sulfur.

The IME was set up in 2007 in accordance with Article 95 of the Law of the Securities Market of the Islamic Republic of Iran following the merger of agricultural and metal stock exchanges of Tehran.

It 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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