Iran mercantile exchange’s weekly trade surpasses $213mln

TEHRAN (FNA)- The Iran Mercantile Exchange (IME) said that around $213.5mln of various commodities weighting over 335,000 tons were traded in its trading and exports halls in the last week (December 13-17, 2014).

The IME announced that trade of copper products formed nearly 76 percent of entire trade value of the last working week.

99,000 tons of steel products, 50,000 tons of iron ore, 14,000 tons of copper, 3500 tons of aluminum, 100 tons of concentrate molybdenum, 400 tons of coke, 15 tons of precious metals concentrate and 2Kg of gold bar were traded in the IME in the last week.

Total volume of 184,000 tons of oil-related and petrochemical products with the total value of $124.5mln, including 85,000 tons of bitumen, 23,000 tons of polymer products, 58 tons of VB, 2,000 tons of Lube-cut, 14, 000 tons of chemical products, 1470 tons of sulfur, 240 tons of insulation and 70 tons of gas and feeds were traded in the IME in the last week.

Meantime, 990 tons of maize, 525 tons of sugar, 205 tons of barley and 15 tons of meal were traded in the agricultural trading hall of the IME.

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.

By Fars News Agency


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