FNA- The Iran Mercantile Exchange (IME) announced that around $207mln of various commodities weighting over 372,058 tons were traded in its domestic trading and exports halls in the past working week (February 18-23).

The IME said that over 285,013 tons of various oil and petrochemical products, including 102,395 tons of bitumen, 51,585 tons of polymer products, 59,000 tons of VB feed stock, 26,500 tons of lube cut-oil, 23,833 tons of chemical products, 19,100 tons of sulfur and 600 tons of insulation, 2,000 tons of slap waxes with the total value of $139.7mln were traded in its domestic and exports halls during the last week.

Moreover, 25,011 tons of various commodities, 9,750 of wheat, 1,450 tons of sugar, 6,905 tons of maize, 700 tons of frozen chicken and 6,200 tons of crude vegetable oil, 6 tons of feed barley and 4 kg of saffron with total worth of $13.3mln were traded by the customers in the agricultural trading hall of IME in last week.

Also, 60,673 tons of metal and mineral products, including, 46,707 tons of steel products, 13,160 tons of copper, 680 tons of aluminum and 120 tons of molybdenum concentrate, 6 tons of precious metal concentrates as well as 10 kg of gold with the total value of 53.8mln 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.