BAKU, Azerbaijan, March 16. Sales of products at the Iranian Mercantile Exchange increased by 24.6 percent in value terms and 34.4 percent in weight terms in the last Iranian week (March 9-14) compared to the previous week (March 2-7), Trend reports, referring to Iran's Mercantile Exchange.
Last week (March 9-14), about 4.18 million tons of products worth 430 trillion rials (about $10.2 billion) were sold at the Iran Mercantile Exchange.
Besides, about 3.17 million tons of products valued at 262 trillion rials (about $6.24 billion) were traded in the industrial and mining sections of the product exchange last week.
The products traded in this section of the exchange are mainly iron ore, cement, steel, sponge iron, copper, aluminum, lead, molybdenum concentrate, and precious metal concentrate.
During the mentioned period, 918,000 tons of products worth 158 trillion rials (about $3.76 billion) were traded in the petrochemical products section of the Mercantile Exchange.
The main products sold in this section of the exchange were vacuum buttons, bitumen, polymer substances, lubricants, chemicals, sulfur, slap wax, gas, and many others.
A total of 1 ton of saffron was sold in the agricultural division of the bourse for 850 billion rials (about $20.2 million).
Around 5,860 tons of products worth 1.62 trillion rials (about $38.6 million) were also sold in the sub-market division of the product exchange.
The Iran Mercantile Exchange (IME) is a market that sets prices for various products. The price of products on the stock exchange is determined based on supply and demand. The IME sells strategically important products in bulk, and the Exchange and Securities Organization of Iran supports this.
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