BAKU, Azerbaijan, December 8. The sales of products at the Iranian Mercantile Exchange decreased by 9.5 percent in value and 5.06 percent in weight during the last Iranian week (from November 30 through December 5) compared to the previous Iranian week (from November 23 through November 28).
The data obtained by Trend from the country's Mercantile Exchange shows that 2.63 million tons of products worth about 332 trillion rials (about $689 million) were sold at the bourse during the previous Iranian week (from November 30 through December 5).
However, in the previous Iranian week (from November 23 through 28), 2.77 million tons of products worth about 367 trillion rials (about $762 million) were sold at the Iranian Mercantile Exchange.
A total of 1.94 million tons of products worth about 153 trillion rials (about $261 million) were sold in the industrial and mining division of Iran's Mercantile Exchange last week.
Iron ore, cement, steel, steel, sponge iron, copper, aluminum, lead, molybdenum concentrate, precious metal concentrate were mainly sold in this section of the exchange.
Moreover, 187,000 tons of products worth 71.4 trillion rials (about $148 million) were sold in the petrochemicals section of the Mercantile exchange during the mentioned period.
The main products sold in this section of the stock exchange were vacuum button, bitumen, polymeric substances, lubricant, chemicals, sulfur, slaps Wax, gas and many others.
About 129,000 tons of products worth 37.6 trillion rials (about $78.1 million) were sold in the “Kish export goods” section of the Mercantile Exchange.
Furthermore, 370,000 tons of products worth 64.9 trillion rials (about $134 million) were sold at the exchange's open auction.
The submarket division of the Mercantile Exchange also traded 12,300 tons of products worth 5.06 trillion rials (about $10.5 million).
To note, Iran's Mercantile Exchange functions to provide many products, to set prices. The price of products at the exchange is determined based on supply and demand. The Iranian Exchange and Securities Organization advocates that the wholesale sale of strategically important products should be carried out by the Mercantile Exchange.