BAKU, Azerbaijan, June 10. Sales of products at the Iranian Mercantile Exchange decreased by 13.3 percent in value and 7.9 percent in weight during the last Iranian week (June from 1 through 6) compared to the previous week (May from 25 through 30), the statistics of Iran's Mercantile Exchange said, Trend reports.
During the last Iranian week (June 1 through 6), sales of products at the Iran Mercantile Exchange amounted to 2.57 million tons worth 260 trillion rials (about $693 million).
The previous Iranian week (May 25 through 30) saw sales of products at the Iran Mercantile Exchange totaling 2.79 million tons worth 300 trillion rials (about $810 million).
The industrial-mining section of the Mercantile Exchange realized 2.23 million tons of products worth 181 trillion rials (about $483 million).
Iron ore, cement, steel, sponge iron, copper, aluminum, lead, molybdenum concentrate, and precious metal concentrate were mainly sold in this section of the exchange.
About 333,000 tons of products worth 82 trillion rials (about $219 million) were sold in the petrochemicals section of the Mercantile Exchange during the mentioned period.
Vacuum buttons, bitumen, polymer materials, lube cuts, chemicals, slaps, wax, gas, etc. were mainly sold in this section of the exchange.
The submarket of the Mercantile Exchange sold 6,320 tons of products worth 1.32 trillion rials (about $3.52 million).
To note, Iran's Mercantile Exchange operates to provide many products and set prices. The price of products at the exchange is determined based on supply and demand. The Organization of Exchanges and Securities of Iran advocates the wholesale sale of strategically important products through the Mercantile Exchange.
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