IME trading shows 52% growth in last fiscal

Financial Tribune – The total value of Iran Mercantile Exchange trading in the previous fiscal (March 2018-19) rose 52% compared to the earlier year to reach 1,786 trillion rials ($13.5 billion).

According to imereport.ir, 884.3 trillion rials ($6.6 billion) worth of goods weighing over 24.8 million tons were traded in the year in the IME spot market, registering 7% decline in volume and 77% growth in value.

During the period, 7.7 million tons of mineral and industrial products valued 327.4 trillion rials ($2.4 billion) were traded on the IME. Steel products held the lion’s share of the volume of the deals with over 6.4 million tons.