BAKU, Azerbaijan, October 13. The sales of products at the Iranian Mercantile Exchange (IME) saw a decrease of 29.5 percent in value and 0.6 percent in weight during this Iranian week, from October 5 through 10, when stacked against last week, which ran from September 28 through October 3.
The data obtained by Trend from IME showed that 3.24 million tons of products worth 296 trillion rials (approximately $668 million) were sold this Iranian week.
Meanwhile, last Iranian week, 3.26 million tons worth 420 trillion rials (about $929 million) were sold at the Mercantile Exchange.
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, 414,000 tons of products worth 108 trillion rials (about $243 million) were sold in the petrochemicals section of the IME 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 20,200 tons of products worth 2.86 trillion rials (about $6.45 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.
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