BAKU, Azerbaijan, September 14. The sales of products at the Iranian Mercantile Exchange increased by 15.8 percent in value and 13.9 percent in weight during the last Iranian week (from September 7 through September 13) compared to the previous Iranian week (from August 31 through September 5).
The data obtained by Trend from the country's Mercantile Exchange showed that about 2.7 million tons of products worth 300 trillion rials (approximately $696 million) were sold in the last Iranian week, from September 7 through September 13.
Meanwhile, in the previous Iranian week, 2.37 million tons worth 259 trillion rials (about $611 million) were sold at the Iran Mercantile Exchange.
About 2.19 million tons of products worth 193 trillion rials (roughly $448 million) were sold in the industrial-mining section of the Iran Mercantile Exchange last week.
Mainly iron ore, cement, steel, sponge iron, copper, aluminum, lead, molybdenum concentrate, and precious metals concentrate were sold in this section of the Exchange.
However, 507,000 tons of products worth 111 trillion rials (about $258 million) were sold in the petrochemicals section of the Mercantile Exchange during the mentioned period.
Vacuum buttons, bitumen, polymer substances, lube cuts, chemicals, sulfur, slap wax, gas, etc. were mainly sold in this section of the exchange.
The sub-market of the Mercantile Exchange realized 4,430 tons of products worth 1.76 trillion rials (about $4.08 million).
To note, Iran's Mercantile Exchange operates intending 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.