BAKU, Azerbaijan, January 25. The Iran Mercantile Exchange (IME) totally sold 2.85 million tons of products worth roughly 384 trillion rials (about $658 million) during the last Iranian week (from January 18 through January 23).
The data obtained by Trend from the IME shows that in the reporting period the sale value went down by four percent and the weight grew by 5.5 percent from the previous week (January 11-16) when 2.7 million tons of products worth 400 trillion rials (about $686 million) were sold.
The bourse's industrial and mining division sold 1.83 million tons of products (mainly iron ore, cement, steel, steel, sponge iron, copper, aluminum, lead, molybdenum concentrate, precious metal concentrate) worth nearly 153 trillion rials (about $262 million).
Moreover, 127,000 tons of products (mainly vacuum button, bitumen, polymeric substances, lubricant, chemicals, sulfur, slaps wax, gas and many others) worth 68.4 trillion rials (about $117 million) were sold in the IME petrochemicals section during the mentioned period.
As many as 234,000 tons of products worth 72.1 trillion rials (about $123 million) were sold in the “Kish export goods” section of the Mercantile Exchange.
The IME's open auction sold 650,000 tons of products worth 79.5 trillion rials (about $136 million).
The exchange's sub-market division sold 5.66 trillion rials (about $9.71 million) worth of products weighing 10,400 tons.
Additionally, 215 cars amounting to 5.6 trillion rials (nearly $9.6 million) were sold in the IME.
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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