Publishe Date: 3:01 PM - 10/18/2014 | Print

Trade of Various Products in Iran Mercantile Exchange Experiences Growth Last Week

Economy - Various petrochemical, industrial, and agricultural products experienced significant trade growth in Iran Mercantile Exchange (IME) in terms of both volume and value during the last week (October 11-15).

In terms of volume, vacuum bottom with 12.42 percent and sulfur with 339 percent of growth in petrochemical sector, concentrates with 50 percent and meals with 380 percent of growth in agricultural sector, and steel with 102.97 percent and Aluminum with 35.52 percent of growth in mineral and industrial secrets were the products which were welcomed remarkably by the IME's domestic and foreign customers.

In terms of value, vacuum bottom and sulfur with 11.11 and 177.19 percent of growth respectively, concentrates and meals with 39.16 and 339.88 percent of growth, and steel and Aluminum with 114.74 and 34.41 percent of growth, witnessed a fruitful week of trade.

The IME was established on September 20, 2007 in accordance with article 95 of the new law 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.

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