BAKU, Azerbaijan, November 11. During the last Iranian week (from November 2 through November 7), 3.12 million tons of products worth 410 trillion rials (about $918 million) were sold at the Iranian Mercantile Exchange.
Data obtained by Trend from the country's Mercantile Exchange shows that the sales of products increased by 11.4 percent in value and 6.6 percent in weight during the last Iranian week (from November 2 through November 7) compared to the previous Iranian week (from October 26 through October 31).
Meanwhile, in the previous Iranian week (October 26-31), 3.34 million tons worth 368 trillion rials (about $826 million) were sold at the Iran Mercantile Exchange.
In addition, a total of 2.62 million tons of products worth 239 trillion rials (about $536 million) were sold in the industrial-mining section of the Mercantile Exchange in the previous Iranian 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.
Moreover, about 162,000 tons of products worth 65 trillion rials (about $147 million) were sold in the petrochemicals section of the Mercantile Exchange during the mentioned period.
Vacuum buttons, bitumen, polymer materials, lubricant fraction, chemicals, sulfur, wax, gas, etc. were mainly sold in this section of the exchange.
A total of 297,000 tons of products worth 66.8 trillion rials (about $150 million) were sold in the Kish Exports LTD. section of the Mercantile Exchange.
A total of 38,000 tons of products worth 11 trillion rials (about $24.6 million) were sold in the sub-market section of the Mercantile Exchange.
To note, Iran's Mercantile Exchange functions 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.