BAKU, Azerbaijan, October 13. The Iran Mercantile Exchange (IME) sales grew by 31.2 percent in value and 24.4 percent in weight last Iranian week (on October 4-9) compared to the previous week (from September 27 through October 2).
The data obtained by Trend from IME shows that in the reporting period, the sales amounted to 3.8 million tons of products worth nearly 793 trillion rials (about $1.36 billion) against 3.06 million tons worth around 604 trillion rials (circa $1.04 billion) in the previous week.
The sales covered 2.5 million tons of products valued at 409 trillion rials (approximately $701 million) in the industrial section of the 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, 230,000 tons of products worth 121 trillion rials (about $208 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 473,000 tons of products worth 112 trillion rials (about $193 million) were sold in the Kish Export Products section of the IME.
The exchange's open auction sold 592 tons of products worth 139 trillion rials (about $238 million).
Additionally, 15,600 tons of products worth 10.4 trillion rials (about $17.8 million) were also sold in the sub-market section of the IME.
The exchange also sold 30 passenger cars worth 765 billion rials (roughly $1.31 million)
The Iranian Mercantile Exchange operates to provide and set prices for many products.
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