BAKU, Azerbaijan, September 22. The value of sales on the Iran Mercantile Exchange (IME) last week (September 13-18) climbed by 2.7 percent in value and weight compared to the previous week (September 6-11).
Data obtained by Trend from the IME indicates that a total of 3.47 million tons of products worth 616 trillion rials (about $1.07 billion) were sold on the exchange last week. In comparison, the previous week saw 3.38 million tons of products sold for 600 trillion rials (about $1.04 billion).
In the industrial section of the exchange, about 1.08 million tons of products valued at 236 trillion rials (about $409 million) were traded. Key items included iron ore, cement, steel, sponge iron, copper, aluminum, lead, molybdenum concentrate, and precious metal concentrates.
In the oil products segment, 204,000 tons of products worth 93.5 trillion rials (about $163 million) were sold, including vacuum bottom, bitumen, polymers, lube cut, chemical substances, sulfur, slaps wax, and gas.
The Kish Export Products section recorded sales of 331,000 tons worth 79.3 trillion rials (about $138 million). In open auctions, 1.79 million tons of products valued at 187 trillion rials (about $325 million) were traded. Meanwhile, the sub-market section saw 67,000 tons sold for 21.1 trillion rials (about $36.8 million).
The Iran Mercantile Exchange operates to facilitate the supply of various products and to help determine market prices.
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