The IME said that over 361,793 tons of various oil and petrochemical products, including 151,006 tons of bitumen, 53,825 tons of polymer products, 89,000 tons of VB feed stock, 36,500 tons of lube cut-oil, 21,992 tons of chemical products, 7,210 tons of sulfur and 271 tons of insulation, 1,000 tons of slaps waxes and 989 tons of slack wax oil with the total value of $151mln were traded in its domestic and exports halls during the last week.
Moreover, 42,240 tons of various commodities, 10,500 of wheat, 34,325 tons of sugar, 1,300 tons of crude vegetable oil and 815 tons of feed barley with total worth of $31mln were traded by the customers in the agricultural trading hall of IME in last week.
Also, 180,147 tons of metal and mineral products, including, 173,941 tons of steel products, 5,600 tons of copper, 400 tons of aluminum and 200 tons of molybdenum concentrate and 6 tons of precious metals concentrates with the total value of $138mln 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.
