BAKU, Azerbaijan, April 21. Iran's Mercantile Exchange (IME) saw a total of 1.7 quadrillion rials (about $2.92 billion) worth of products sold, totaling 11.7 million tons, in the first month of the current Iranian year (from March 21 through April 20, 2025).
Data obtained by Trend from the IME shows that the industrial and mining sector alone accounted for approximately 850 trillion rials (about $1.47 billion), with 3.95 million tons of products sold.
The products sold in this sector mainly included iron ore, cement, steel, sponge iron, copper, aluminum, lead, molybdenum concentrate, and precious metal concentrates.
Meanwhile, the petrochemical products sector of the exchange saw sales of around 288 trillion rials (about $497 million) in the same period, with 591,000 tons of products sold. This section primarily dealt with vacuum bottoms, bitumen, polymer materials, lube cuts, chemicals, sulfur, slaps wax, and gas.
The Kish Export Products sector at the exchange also saw sales worth 112 trillion rials (about $193 million) with 416,000 tons of products sold.
Open auctions at the exchange contributed to the sale of around 415 trillion rials (about $715 million) worth of 1.92 million tons of goods.
In addition, the sub-market section saw the sale of 69,500 tons of products worth 24.6 trillion rials (about $42.5 million).
Moreover, a total of 1.87 trillion rials (about $3.23 million) was spent on 308 passenger cars sold through the exchange.
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 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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