BAKU, Azerbaijan, September 13. The Iran Mercantile Exchange (IME) sold 3.38 million tons of products worth 600 trillion rials (nearly $1.04 billion) last Iranian week (on September 6-11).
The data obtained by Trend from IME shows that in the reporting period, the sales went down by one percent in value and 5.6 percent in weight against 3.2 million tons of products worth around 606 trillion rials (circa $1.06 billion) in the previous week (from August 30 through September 4).
The sales covered 1.32 million tons of products valued at roughly 307 trillion rials (approximately $532 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, 210,000 tons of products worth 99 trillion rials (about $171 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 123,000 tons of products worth 30.5 trillion rials (about $52.9 million) were sold in the Kish Export Products section of the IME.
The exchange's open auction sold 1.7 million tons of products worth 148 trillion rials (about $256 million).
Additionally, 25,500 tons of products worth 15.2 trillion rials (about $26.3 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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