BAKU, Azerbaijan, February 3. The Iran Mercantile Exchange (IME) totally sold 2.85 million tons of products worth roughly 421 trillion rials (about $729 million) during the last Iranian week (from January 25 through January 30).
The data obtained by Trend from the IME shows that in the reporting period the sale value went up by 9.6 percent, while the weight decreased by 0.7 percent from the previous week (January 18-23) when 2.85 million tons of products worth circa 384 trillion rials (about $658 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 203 trillion rials (about $352 million).
Moreover, 120,000 tons of products (mainly vacuum button, bitumen, polymeric substances, lubricant, chemicals, sulfur, slaps wax, gas and many others) worth 68.6 trillion rials (about $119 million) were sold in the IME petrochemicals section during the mentioned period.
As many as 153,000 tons of products worth 50.6 trillion rials (about $87.6 million) were sold in the “Kish export goods” section of the Mercantile Exchange.
The IME's open auction sold 694,000 tons of products worth 84.2 trillion rials (about $145 million).
The exchange's sub-market division sold 5.67 trillion rials (about $9.83 million) worth of products weighing 32,500 tons.
Additionally, 210 cars amounting to 8.21 trillion rials (nearly $14.2 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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