Iran Mercantile Exchange Weekly Trade Reaches 464 Million Dollars
The IME witnessed on both domestic and export rings of its oil and petrochemical trading halls 309,826 tons of commodities worth more than $181mln.
The IME said 384,905 tons of oil and petrochemical products, including 105,099 tons of bitumen, 95,246 tons of polymer products, 43,680 tons of VB, 25,000 tons of lube cut, 34,499 tons of chemical products, 1,050 tons of insulation, 1,000 tons of sulfur and 4,083 tons of base oil with the total value of $204mln were traded in its domestic and exports halls during the last week.
The IME also traded within the same week 13,284tonnes of commodities on its side market.
Also, 1,654,000 tons of metal and mineral products, including 1,127,146 tons of cement, 103,500 tons of sponge iron, 304,284 tons of steel, 24,945 tons of zinc, 90,000 tons of iron ore, 5,200 tons of copper, 200 tons of molybdenum concentrate, 200 Kg gold bullion, and 10,010 tons of aluminum with the total value of $274mln were traded in the IME domestic and exports halls in the last week.
The IME was established on September 20, 2007 in accordance with article 95 of the new law of the Securities Market of the Islamic Republic of Iran and following the merger of the agricultural and metal exchanges of Tehran. The merger marked a new chapter in Iran capital market providing endless trading opportunities for the clients in and out of the country.
Various sectors of economy and national industry benefit from the exchange operation. The IME currently offers various services, including:
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), secondary markets and the end users,
Providing venue for government sales and procurement purchases,
Providing Trading platform and user interface,
Providing Clearing & Settlement services,
Risk management,
Technology services,
Training and education of the market participants.
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