Iran Mercantile Exchange (IME) announced that commodities worth about $960 million and weighing over 2,512,000 tons were traded in its domestic trading and exports halls in August 2015.
The IME further said the oil and petrochemical hall transacted 972,000 tons of commodities worth more than $432 million in August, Fars News Agency reported.
Also in the metals and minerals hall, products weighing 1,447,000 tons and worth approximately $486 million were sold in August.
IME agricultural trading hall dealt in 89,000 tons of agricultural products worth $42 million in the last month.
The IME was established on September 20, 2007 in accordance with Article 95 of the new law of 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 clients at home and abroad.
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 end users,
Providing venue for government sales and procurement purchases,
Providing trading platform and user interface,
Providing clearing and settlement services,
Risk management,
Technology services,
Training and education of market participants.