The IME said that over 229,567 tons of various oil and petrochemical products, including 87,243 tons of bitumen, 52,765 tons of polymer products, 34,300 tons of VB feed stock, 19,800 tons of lube cut-oil, 23,091 tons of chemical products, 11,400 tons of sulfur, 350 tons of insulation and 21 tons of base oil and slack wax oil with the total value of $119mln were traded in its domestic and exports halls during the last week.
Moreover, 21,870 tons of various commodities, 9,500 of wheat, 11,125 tons of sugar, 900 tons of crude vegetable oil and 354 tons of maize with total worth of $12mln were traded by the customers in the agricultural trading hall of IME in last week.
Also, 151,750 tons of metal and mineral products, including, 145,440 tons of steel products, 5,370 tons of copper, 760 tons of aluminum and 120 tons of molybdenum concentrate, 60 tons of zinc 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.