BAKU, Azerbaijan, October 18. The Iran Mercantile Exchange (IME) sales decreased by 18 percent in value and 3.42 percent in weight last Iranian week (on October 11-16) compared to the previous week (on October 4-9).
The data obtained by Trend from IME shows that in the reporting period, the sales amounted to 3.67 million tons of products worth 649 trillion rials (about $1.13 billion) against 3.8 million tons worth around 793 trillion rials (circa $1.36 billion) in the previous week.
The sales covered 2.15 million tons of products valued at 305 trillion rials (approximately $531 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, 193,000 tons of products worth roughly 109 trillion rials (about $189 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 617,000 tons of products worth 87.5 trillion rials (about $152 million) were sold in the Kish Export Products section of the IME.
The exchange's open auction sold 688,000 tons of products worth 134 trillion rials (about $233 million).
Additionally, 13,400 tons of products worth 14 trillion rials (about $24.4 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.
---
Follow the author on X: @BaghishovElnur
