Iran Mercantile Exchange (IME) announced that commodities worth about $981 million and weighing over 1.932 million tons were traded in its domestic trading and exports halls in June 2015.
A total of 1,025,000 tons of commodities worth more than $492 million were traded in the oil and petrochemical trading hall of the IME during last month, Fars News Agency reported.
Meanwhile, 766,000 tons of products valued approximately $421mln were traded in the metals and minerals trading hall of the IME in June.
Almost 138,000 tons of agricultural products worth $68 million were traded in the agricultural trading hall of the IME in the past month.
In addition, the IME experienced trading of 2,880 tons of steel scrap in its secondary market during the same month.
The IME was established on September 20, 2007 in accordance with article 95 of the new law on 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's capital market providing trading opportunities to clients in and out of the country.
Various sectors of the 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
.