BAKU, Azerbaijan, December 15. The sales of products at the Iran Mercantile Exchange (IME) grew by 24 percent in value and seven percent in weight during the last Iranian week (from December 7 through December 12) compared to the previous Iranian week (from November 30 through December 5).
The data obtained by Trend from the IME shows that the sale weight amounted to 2.84 million tons and the value - 412 trillion rials (about $851 million) in the reporting period against 2.63 million tons of products worth about 332 trillion rials (about $689 million) during the previous Iranian week.
Meanwhile, 2.13 million tons of products (mainly iron ore, cement, steel, steel, sponge iron, copper, aluminum, lead, molybdenum concentrate, precious metal concentrate) were worth 227 trillion rials (about $469 million) were sold in the bourse's industrial and mining division.
Moreover, 175,000 tons of products (mainly vacuum button, bitumen, polymeric substances, lubricant, chemicals, sulfur, slaps wax, gas and many others) worth 73.5 trillion rials (about $152 million) were sold in the IME petrochemicals section during the mentioned period.
As many as 194,000 tons of products worth 37.6 trillion rials (about $78.1 million) were sold in the “Kish export goods” section of the Mercantile Exchange.
Additionally, 326,000 tons of products worth 71.1 trillion rials (about $147 million) were sold at the exchange's open auction.
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 IME.
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