Over $70m of commodities traded in Iran mercantile exchange

 Iran Mercantile Exchange (IME) announced that over 72,000 tons of various commodities with the total value of over $70mln were traded in different halls of the IME in one day.
On Sunday, over 2,240 tons of the National Iranian Copper Industries' products were traded in the IME's mineral and industrial hall.
Also in the same day, Kashan Donyay-e Mes Production Company sold nearly 270 tons of its copper wire in the IME.
Meantime, high-quality products of Isfahan Steel Company, Khuzestan Steel Company, and Zarand Coke Company were traded in the IME.
A large amount of oil and petrochemical products, including 2367 tons of Polymeric materials and 8470 tons of Bitumen were also trade the IME's domestic and exports halls on Sunday.
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.