BAKU, Azerbaijan, September 17. In total, 3 million tons of goods worth approximately 253 trillion rials (about $6 billion) were sold at the Iran Mercantile Exchange (IME), during the last Iranian week (September 9 through September 14, 2023), Trend reports.
According to the report, the sales increased by 8.58 percent in value compared with the preceding Iranian week (September 2 through September 7, 2023).
So, about 2.7 million tons of goods and 81 passenger cars worth 233 trillion rials (about $5.55 billion) were sold at the Iran Mercantile Exchange (IME) in the preceding Iranian week.
Last week, 2.41 million tons of goods worth 144 trillion rials (about $3.43 billion) were sold in IME's industrial and mining products section.
The main products sold in this section included cement, iron ore, steel, sponge iron, aluminum, copper, lead, molybdenum concentrate, etc.
Furthermore, 528,000 tons of various oil and petrochemical products worth 105 trillion rials (about $2.5 billion) were sold in the oil and petrochemical products section of IME last Iranian week.
The main products sold in this section were bitumen, vacuum bottom, polymers, chemicals, lube cut, base oil, petroleum products, sulfur, gas, etc.
Also, 15,300 tons of various products worth 3.6 trillion rials (about $85.7 million) were sold in the submarket section of the exchange.
The Iran Mercantile Exchange (IME) operates in order to provide and set prices for many products. The price of products at the IME is determined based on supply and demand. The Exchange and Securities Organization of Iran is in favor of the wholesale sale of strategically important products by the Commodity Exchange.
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