Copper on the Iran Mercantile Exchange

Physical Copper trades on the Iran Mercantile Exchange: 5 distinct goods and 12 sellers across 6 years of archive. Prices are session settlements in Toman per kilogram, ex-works at the mill warehouse, before VAT and freight.

Latest official session

Session of 11/4/26. Every figure on this page is read from that official record.

Volume-weighted settlement

3,327,582Toman / kg

▲ 861.8% versus the session of 11/3/26

Tonnage traded

235t

4 × goods · 4 × mill

Demand to supply

0.10×

Share of supply sold: 10.3%

Over base price

0.0%

Value traded: 782 bn Toman

Price trend

Monthly volume-weighted settlement of “Copper” — this group’s benchmark good, not an average across different products.

3,163,480Toman / kg

▲ 4.0% vs previous month

▲ 203.4% vs the same month last year

Low: 197,993
High: 3,163,480
Open: 207,615
Last: 3,163,480

Goods in this group

5 goods traded in the past year, by tonnage. Each price is that good’s settlement in the last session it traded in, with the date beside it.

no trade for over 21 days


Copper	11/1/26	3,141,551	▼ 1.4%	121,700	1
Copper	11/4/26	3,319,674	▼ 0.3%	72,935	3
Copper ( G )	11/3/26	4,760	▲ 2.3%	27,600	1
Copper 2	11/1/26	3,011,500	▲ 12.3%	9,130	1
Sim V Mftvl Msi	11/4/26	3,381,620	▼ 0.2%	4,005	1

Supply and demand

Registered demand divided by supply, month by month. Above 1 means buyers competed for more than was offered. Each offer counts once, even when it settled at several prices.

0.60× this month against a 0.59× average over the previous 6 months — more competition than usual.

Month	Supply (t)	Demand (t)	Demand to supply	Share of supply sold
Oct 2026	22,280	13,410	0.60	52.7%
Sept 2026	33,805	32,070	0.95	65.6%
Aug 2026	49,485	34,690	0.70	53.4%
Jul 2026	42,325	21,915	0.52	43.3%
Jun 2026	42,650	17,940	0.42	33.8%
May 2026	48,425	17,260	0.36	31.1%
Apr 2026	40,280	24,180	0.60	50.5%
Mar 2026	31,030	11,765	0.38	35.3%
Feb 2026	17,025	7,485	0.44	38.1%
Jan 2026	49,215	20,270	0.41	36.7%
Dec 2025	41,485	28,855	0.70	52.8%
Nov 2025	51,515	37,975	0.74	50.8%

Seasonal pattern

Average month-on-month change in “Copper” across complete archive years. Measuring change month to month leaves annual inflation out of the figure by construction, so what remains is the month’s own behaviour.

Farvardin5.6%4 years
Ordibehesht0.5%5 years
Khordad3.2%5 years
Tir1.1%5 years
Mordad1.5%5 years
Shahrivar0.8%5 years
Mehr8.3%5 years
Aban2.8%5 years
Azar5.5%5 years
Dey10.7%5 years
Bahman14.6%5 years
Esfand6.2%5 years

Largest sellers

By tonnage actually traded over the past 12 months. Each mill’s price is its own latest session, not a multi-year average.

Mill	Tonnage, 1 year	Share	Last session traded	Settlement
Iran	188,140	79.9%	11/4/26	3,330,044
Amir Kabir Kashan Steel	33,000	14.0%	9/15/26	2,707,239
San Rad Binalvd Khrasan	3,900	1.7%	9/16/26	2,681,239
Amir Kabir Kashan Steel	3,710	1.6%	11/4/26	3,381,620
Industries Ms San Rad Khrasan	1,370	0.6%	11/4/26	3,330,044
Industries Ms Kavh	1,140	0.5%	10/12/26	3,313,714
Aria Kabl Fdk	900	0.4%	10/14/26	3,114,782
Industries Ms Mftvli Abhr	775	0.3%	11/2/26	3,330,044
Zhrf Ngar Kavsh Mhr	550	0.2%	11/3/26	3,440,402
Nvid Fraind Albrz	350	0.1%	11/1/26	3,011,500
Group Tvlidi V Bazrgani Satrap Sqfi	345	0.1%	10/27/26	3,482,519
San Rad Binalvd Khrasan	310	0.1%	12/9/25	1,312,222

How to read this page

The exchange publishes Rial per kilogram; only the currency is converted here, to Toman per kilogram. VAT, fees and freight are not added.

These are session trades, not a live tick. Each good trades in its own session, so “previous session” means that good’s own previous session, not yesterday.

Every average is weighted by tonnage: a 5,000-tonne lot and a 25-tonne lot do not move the figure equally.

The seasonal pattern and the demand-to-supply ratio describe past behaviour. Neither is a price forecast.

Official data source: Iran Mercantile Exchange

Latest session available: 11/4/26

Last successful fetch: 11/4/26