Business And Markets

Jump in IME Monthly Trade

Jump in IME Monthly Trade
Jump in IME Monthly Trade

An estimated 13.43 million tons of goods were traded in the spot market of the Iran Mercantile Exchange (IME) in the calendar month to May 21.
Compared to the month before, trade was up 71.4% in volume reaching 1,244 trillion rials ($2.18 billion) on the same period last year, IME data showed. 
IME is a multi-commodity market in Tehran founded in 2006 for farm, industrial and petrochemical products in the spot and futures markets.
As usual, industrial and mineral products led the growth accounting for 88% in volume and 63% of value, respectively, in the spot market. 
More than 11.829 million tons of goods worth 904 trillion rials ($1.44b) changed hands on the industrial and mineral floor. 


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