BAKU, Azerbaijan, January 27. The value of total sales at the Iran Mercantile Exchange (IME), dropped by 4.8 percent, and reached 299 trillion rials (about $7.1 billion), during the last Iranian week (Jan.20 through Jan.25, 2024), compared with the previous week (Jan.13 through Jan.18, 2024), Trend reports.
The IME’s data shows that a total of 3.17 million tons of various products were sold last week.
Thus, 2.69 million tons of various goods worth 198 trillion (about $4.71 billion) were sold in the industrial and mining products section of the IME last week.
The main products sold in this section included iron ore, cement, steel, sponge iron, copper, aluminum, lead, molybdenum concentrate, precious metal concentrate, etc.
Furthermore, 466,000 tons of various oil and petrochemical products worth 97 trillion rials (about $2.3 billion) were sold in the oil and petrochemical products section of IME.
The main products sold in this section were vacuum bottom, bitumen, polymer materials, lube cut, chemicals, sulfur, slaps wax, gas, etc.
Approximately 19,000 tons of various products worth 3.25 trillion rials (about $77.4 million) were sold in the sub-market section of the exchange for the last week.
Iran Mercantile Exchange (IME) is a market that sets prices for various products. The products’ prices depend on how much buyers and sellers want them. The IME sells strategically important products in bulk, and the Exchange and Securities Organization of Iran supports this.
---
Follow the author on X (Twitter):@BaghishovElnur
