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Listings Requirements for commodities in the Secondary Market
Each commodity in order to be listed in the Secondary Market has to meet the following conditions:
o No legal ban or restriction for trading this commodity
o The commodity must qualify as per specifications, conditions and its quality should correspond to the specifications stated in the offering notice for the exchange and the customers
o The seller of commodity should be able to deposit required collateral with the clearing house in order to ensure the delivery of the commodity
It should be noted that the commodity which has been listed by the seller in other markets of the IME shall not be eligible to be listed by the same seller in the Secondary Market.
The listed commodities in the Secondary Market include: non-transferrable assets, assets or commodities void of conditions of tradable commodities in the spot market.
The IME's mineral and industrial trading floor witnessed on Monday, November 30, 2020, offering of 5,850 tonnes of galvanized steel sheets, 8,600 tonnes of aluminum ingots and 500 tonnes of aluminum billets, 2,290 tonnes of zing ingots, 200 tonnes of lead ingots, 45,100 tonnes of zing dust, 11,000 tonnes of low grade copper, 12 tonnes of precious metals concentrate and 120 tonnes of molybdenum sulfur.
Within the month of Aban the Iran Mercantile Exchange sold 1,918,000 tonnes of various commodities worth nearly 775 million dollars on its spot market.
Within the week starting on 21st of November and ending on 25th of November, the IME played host to trade of 504,759 tonnes of commodities worth more than 47,000 billion rials.
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Tuesday, December 1, 2020 07:42
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Head Office and Trading Floor Address:No.351, Taleghani Ave., Tehran, Iran Zip Code: 1593649313 Phone: +98 21 8564 1022 - 1028 -1029 Fax: +98 21 88383000 E-mail: international@ime.co.ir
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