Arab Today, arab today weekly trade value in iran mercantile exchange exceeds 308m
Last Updated : GMT 04:01:47
Arab Today, arab today
Arab Today, arab today

Weekly trade value in Iran mercantile exchange exceeds $308m

Arab Today, arab today

Arab Today, arab today Weekly trade value in Iran mercantile exchange exceeds $308m

ran Mercantile Exchange (IME)
Tehran - FNA

Iran Mercantile Exchange (IME) announced that over $308mln of various commodities weighting over 414,000 tons were traded in its trading and exports halls last week (September13-18).
Over 179,000 tons of mineral and industrial goods with the total amount of $122mln were traded in domestic and exports halls of the IME in the last working week.
Over 166,000 tons of Steel products, 9085 tons of various kinds of Copper products, 3800 tons of Aluminum, 200 tons of Zinc, 100 tons of Molybdenum concentrate, and 3 tons of precious metals concentrate were traded in the IME which showed 33 percent growth in terms of volume  and 23 percent growth in terms of value.
Meantime, 235,000 tons of commodities with the total amount of $159mln were traded in both domestic and exports hall for oil and petrochemical commodities of the IME.
The IME was established on September 20, 2007 in accordance with article 95 of the new law 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.

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