BAKU, Azerbaijan, August 10. The Iran Mercantile Exchange (IME) sales grew by 53.6 percent in value and 77.1 percent in weight last Iranian week (August 2-7) compared to the previous week (July 26-31).
The data obtained by Trend from IME shows that in the reporting period, 3.26 million tons of products worth about 527 trillion rials (nearly $921 million) against 1.84 million tons of products worth 343 trillion rials (circa $598 million) a week before.
The sales covered 1.03 million tons of products valued at 208 trillion rials (approximately $364 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, 194,000 tons of products worth 91.8 trillion rials (about $161 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 263,000 tons of products worth 86.3 trillion rials (about $151 million) were sold in the Kish Export Products section of the IME.
The exchange's open auction sold 1.73 million tons of products worth 136 trillion rials (about $238 million).
Additionally, 39,000 tons of products worth 4.57 trillion rials (about $8 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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