| Iran Mercantile Exchange | |
| Nativename: | بورس کالای ایران |
| Type: | Commodities exchange |
| City: | Tehran |
| Country: | Iran |
| Foundation: | 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 |
| Commodity: | Industrial products, agricultural products, petrochemicals |
| Homepage: | http://en.ime.co.ir/ |
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.
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 |
See also: Mining in Iran.
See also: National Petrochemical Company.
See also: Agriculture in Iran.
In 2016, IME introduced gold futures and options (as hedging tools).[3]
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]
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 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".