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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.
On Wednesday, October 16, 2019, the metal and mineral trading floor of the Iran Mercantile Exchange will play host to offering of 140 MT of copper cathode, 13,222 MT of rebar basket, 40,000 MT of bloom ingot, 300 MT of galvanized sheets, 50 MT of bloom ingot, 12 MT of precious metal concentrates as well as 9 kg of gold bullion.
On Tuesday, October 15, 2019, the oil and petrochemical trading floor of Iran Mercantile Exchange played host to trading of 34,847 MT of polymer products.
"Currently, Iran exports about 1.5 billion dollars' worth of pistachios with a potential to increase by 200% in a matter of a few years. On the condition that we can provide market participants with enough incentives to trade on the IME's pistachios market, we could expedite production growth and win a bigger share of pistachios' global market", said Ali Akbar Mehrfard, commercial deputy of Ministry of Agriculture.
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Saturday, October 19, 2019 00:22
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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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