BAKU, Azerbaijan, September 6. The Iran Mercantile Exchange (IME) sales grew by 26.6 percent in value and 28 percent in weight last Iranian week (from August 30 through September 4) compared to the previous week (August 23-28).
The data obtained by Trend from IME shows that in the reporting period, 3.2 million tons of products worth about 606 trillion rials (nearly $1.06 billion) against 2.5 million tons of products worth 478 trillion rials (circa $834 million) a week before.
The sales covered 1.12 million tons of products valued at 267 trillion rials (approximately $465 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, 235,000 tons of products worth 113 trillion rials (about $196 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 267,000 tons of products worth 61.8 trillion rials (about $108 million) were sold in the Kish Export Products section of the IME.
The exchange's open auction sold 1.54 million tons of products worth 152 trillion rials (about $265 million).
Additionally, 26,400 tons of products worth 12.9 trillion rials (about $22.5 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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