Iran Mercantile Exchange

The Iran Mercantile Exchange (Persian: بورس کالای ایران, IME) is a commodities exchange located in Tehran, Iran. Established on 20 September 2007 from the merger of the Tehran Metal Exchange and the Iran Agricultural Exchange, IME trades in agricultural, metal and mineral, oil and petrochemical products in the spot market and gold coin in the futures market.

Iran Mercantile Exchange

بورس کالای ایران
Type	Commodities exchange
Location	Tehran, Iran
Founded	2007[1]
Owner	IME is 30% owned by individuals and 70% by legal and financial entities.[2]
Key people	Javad Jahromi (CEO)
Currency	Iranian rial
Commodities	Industrial products, agricultural products, petrochemicals[1]
Website	http://en.ime.co.ir/

Commodities

IME facilitates the trading of commodities and products through its markets.

IME's Listed Commodities on Different Trading Floors

Main Group	Sub-Group	Commodities
Physical Market	Industrial & Mineral	Steel, Copper, Iron Ore, Aluminum, Zinc and rare metals concentrate, Gold bar
	Agricultural Products	Barley, Wheat, Maize, Sugar, Crude Vegetable Oil, Frozen Chicken, and Meals, Saffron, Cumin Seed, Pistachios
	Petrochemical Products	PP, PE, LDPE, aromatics, SBR feed stocks, MS, PS
	Oil Products	Lube Cut, Insulation, Oil, Bitumen, Vacuum Bottom, Lube Cut, Slap Wax
Side Market	Side Market	Various Products with Non-Continuous Offering:  Steel, Scraps, Polymers, Zinc, Chemicals, Minerals, Feeds, Copper, Sulfate,  Lime
Derivatives Market	Futures Contracts	Saffron, Cumin Seed, Pistachios
	Options Contracts	Gold Coins
Financial Market	Standard Parallel SALAM Contracts	Cement, Steel, Iron Ore, Ethylene, Concentrate, Wheat, Frozen Chicken, PVC
	Certificates of Deposit	Gold Coins, Maize, Barley, Pistachios, Saffron
	Investment Funds	Gold Coins. See also: Iranian gold coin

Products

Industrial

See also: Mining in Iran

• Steel
• Aluminum
• Copper
• Gold Bar
• Zinc
• Lead
• Precious Metals
• Nickel
• Industrial & Mineral (including cement)

Petrochemicals & Oil by-products

See also: National Petrochemical Company

• Bitumen
• Chemical
• Polymers
• Sulfur
• Base Oil
• Lube Cut

Agricultural

See also: Agriculture in Iran

• Grains Group: various kinds of corn, grain, wheat, rice, bran
• Dried and Trans Products: various kinds of pistachio, date, raisins, saffron, cumin, tea, sugar
• Oil Meals and Seeds Group: various kinds of oily seeds like soybean and oil cake seeds like soybean, colza, cotton seed, sunshade, Safflower cake, corn, palm
• Cereals Group: pea, lentil
• Frozen Chicken

New products

In 2016, IME introduced gold futures and options (as hedging tools).^[3]

Supervision and regulation

The Securities and Exchange Organization (SEO) is the sole regulatory entity for the regulation and development of the capital market in Iran.^[4] In 2013, Iran Mercantile Exchange joined the Federation of Euro-Asian Stock Exchanges (FEAS) as an observer member.^[5]

Tradable contracts

• Spot contract
• Forward contract
• Contract on Credit
• Futures contract (since 2008)
• Options contract

Trading system

Trading in IME is based on open outcry auction using electronic trading platform, an interaction of bids and offers made by the buying and selling brokers.

IME Statistics

Source: Central Bank of Iran^{[6][7][8][9][10]}

IME Exchange (Including spot, credit and forward transactions)	2007/08	2008/09	2009/10	2010/111	2011/12	2012/13	2013/14
Agricultural - Volume (thousand tons)	273.0	173.5	175.2	1,633.9	549.6	184.5	266.2
Agricultural - Value (billion rials)	772.6	3,729.7	484.8	3,729.7	3,792.8	1,346.5	2,748.5
Manufacturing and Metal - Volume (thousand tons)	6,443.8	6,679.7	7,438.5	8,694.0	11,685.8	13,172.0	13,555.2
Manufacturing and Metal - Value (billion rials)	58,044.2	62,120.6	53,842.0	75,235.5	102,534.1	197,341	226,211.0
Oil and Petrochemical - Volume (thousand tons)	89.7	4,339.2	7,052.9	6,662.6	8,116.6	8,352.0	10,572.0
Oil and Petrochemical - Value (billion rials)	352.7	19,921.0	36,450.7	41,478.0	64,360.8	116,387.0	199,113.0
Grand Total - Volume (thousand tons)	6,806.5	11,192.4	14,666.6	16,990.5	20,352.0	21,708.5	24,393.4
Grand Total - Value (billion rials)	59,169.4	82,685.3	90,777.5	120,443.2	170,687.7	315,074.5	428,072.5

1 Due to the reclassification of "cement" under "manufacturing and mining products", figures for 2010/11 have been revised. Previously, "cement" was classified under "oil and petrochemical products".