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Monday, 16 November 2015 13:25

Iran Mercantile Exchange weekly trade reaches $212mln

Iran Mercantile Exchange weekly trade reaches $212mln

The Iran Mercantile Exchange (IME) announced that around $212mln of various commodities weighting over 526,207 tons were traded in its domestic trading and exports halls in the past working week (Nov 07-12).

 

The IME said that over 313,216 tons of various oil and petrochemical products, including 159,812 tons of bitumen, 35,895 tons of polymer products, 63,000 tons of VB, 5,000 tons of lube cut, 14,237 tons of chemical products, 2,412 tons of insulation and 31,350 tons of sulfur, 1,500 tons of slap wax and 10 tons of argon with the total value of $117mln were traded in its domestic and exports halls during the last week.

Meantime, 11,850 tons of crude vegetable oil, 250 tons of sugar and 310 tons of feed barely were traded by customers in the IME agricultural hall in the past working week.

Also, 196,000 tons of metal and mineral products, including 137,147 tons of steel products, 2,750 tons of copper, 140 tons of molybdenum concentrate, 1,440 tons of aluminum and 15.122 Kg of gold bullion with the total value of $83mln 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 la 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.
EA

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