The IME said that over 283,382 tons of various oil and petrochemical products, including 109,74 tons of bitumen, 54,312 tons of polymer products, 46,000 tons of VB feed stock, 31,000 tons of lube cut-oil, 23,709 tons of chemical products, 890 tons of sulfur and 50 tons of argon with the total value of $134mln were traded in its domestic and exports halls during the last week.
Moreover, 63,489 tons of various commodities, 46,750 of wheat, 14,500 tons of sugar, 74 tons of eggs and 1,300 tons of crude vegetable oil and 865 tons of feed barley with total worth of $23mln were traded by the customers in the agricultural trading hall of IME in last week.
Also, 118,817 tons of metal and mineral products, including, 108,467 tons of steel products, 3,150 tons of copper, 7,000 tons of aluminum and 200 tons of molybdenum concentrate and 10 kg of gold with the total value of $115mln 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.