BAKU, Azerbaijan, August 3. The Iran Mercantile Exchange (IME) sales declined by 19.8 percent in value and 29.8 percent in weight last Iranian week (July 26-31).
The data obtained by Trend from IME shows that in the reporting period, 1.84 million tons of products worth about 343 trillion rials (nearly $598 million) against 2.62 million tons of products worth 427 trillion rials (circa $745 million) in the previous week.
The sales covered 254,000 tons of products valued at 108 trillion rials (approximately $189 million) in the industrial section of the Mercantile Exchange.
The section sales mainly included iron ore, cement, steel, sponge iron, copper, aluminum, lead, molybdenum concentrate, and precious metal concentrate.
Besides, during the reporting period, 161,000 tons of products worth 80.5 trillion rials (about $140 million) were sold in the IME petroleum products (mainly vacuum bottom, bitumen, polymer materials, lube cut, chemicals, sulfur, slaps wax, gas, and others) section.
As many as 187,000 tons of products worth 45.7 trillion rials (about $79.7 million) were sold in the Kish Export Products section of the IME.
The exchange's open auction sold 1.2 million tons of products worth 101 trillion rials (about $177 million).
Additionally, 33,900 tons of products worth 6.85 trillion rials (about $12 million) were also sold in the sub-market section of the IME.
The Iranian Mercantile Exchange operates to provide and set prices for many products.
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