IME weekly trade exceeds $263m
. Author: mbncom
ran Mercantile Exchange (IME) announced that commodities valued at about $263.7 million and weighing over 606,599 tons were traded in its domestic trading and exports halls in the past working week (September 24-29).
The exchange said its domestic and exports halls traded in over 309,691 tons of oil and petrochemical products, including 16,892 tons of bitumen, 51,608 tons of polymer products, 15,962 tons of chemical products, 7,380 tons of sulfur, 2,498 tons of insulation and 100 tons of argon with a total value of $127.2 million during the period, Fars News Agency reported.
In addition, its agricultural trading hall dealt in 3,775 tons of sugar, 43,071 tons of feed barley, 160 tons of rice and 6,000 tons of maize last week.
Also, the exchange transacted in 244,957 tons of metal and mineral products, including 239,329 tons of steel products, 5,430 tons of copper, 130 tons of molybdenum concentrate and 2,020 tons of aluminum valued at $119.1 million in the past week.
The IME was set up on September 20, 2007 in accordance with Article 95 of the new law of Securities Market of the Islamic Republic of Iran following the merger of agricultural and metal exchanges of Tehran. The merger marked a new chapter in Iran capital market providing endless trading opportunities for customers both at home and abroad.
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