TEHRAN (ecoideal)- The Iran Mercantile Exchange (IME) announced that around $317.5mln of various commodities weighting over 724,718 tons were traded in its domestic trading and exports halls in the past working week (July01-06).
The IME said that over 302,213 tons of various oil and petrochemical products, including 129,841 tons of bitumen, 60,946 tons of polymer products, 71,370 tons of VB feed stock, 15,500 tons of lube cut-oil, 21,920 tons of chemical products, 1,100 tons of sulfur, 506 slaps wax and 30 tons of argon with the total value of $140mln were traded in its domestic and exports halls during the last week.
Moreover, 103,864 tons of various commodities, including 52,190 tons of feed barley, 39,500 of wheat, 10,800 tons of sugar, 324,500 day old chicks and 1,050 tons of maize with total worth of $33.3mln were traded by the customers in the agricultural trading hall of IME in last week.
Also, 316,006 tons of metal and mineral products, including, 195,433 tons of steel products, 110,000 tons of iron ore, 5,260 tons of copper, 5,260 tons of aluminum, 140 tons of molybdenum concentrate, 3 tons of precious metal concentrates, 50 CERATO make cars as well as 24.8 kg gold bullion with the total value of $143.6mln 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.
Source: Farsnews