Iran Mercantile Exchange (IME) announced that commodities valued at about $20 billion and weighing over 33 million tons were traded in its domestic trading and exports halls in the year to March 20.
The figures show increases of 73 percent and 26 percent in terms of value and weight respectively, Fars News Agency reported.
The exchange said trade in oil and petrochemical products in its domestic and exports halls reached $4.6 billion and weighing over 13 million tons during the period.
In addition, its agricultural trading hall also dealt in 2.5 million tons of various products worth $4 billion last year.
Also, the exchange conducted transactions in 9 million tons of metal and mineral products, including copper, molybdenum concentrate and of aluminum valued at $3.7 billion during the year.
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's capital market providing endless trading opportunities for customers both at home and abroad.
Economic and industrial sectors benefit from the exchange. 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 market participants.