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Sales at Iran Mercantile Exchange up

Business Materials 18 November 2019 11:43
Sales at Iran Mercantile Exchange up

BAKU, Azerbaijan, Nov. 18

By Elnur Baghishov - Trend:

Last week (Nov. 9-15), trade at Iran Mercantile Exchange (IME) increased by 19 percent in weight and by 18 percent in value compared to the previous week, Trend reports referring to the IME.

According to the exchange, last week, 713,400 tons of various goods with the value of over 31 trillion rials (roughly $738 million) were sold at the exchange.

The weight of the mine and industrial goods sold at the change during the last week amounted to 283,900 tons, while the value reached 15.3 trillion rials (roughly $366 million). Thus, 267,700 tons of steel, 3,430 tons of copper, 5,600 tons of aluminium, 120 tons of molybdenum condensate, 12 kilograms of gold ingots, 5,000 tons of iron ore and 2,000 tons of metallurgical coke were sold.

IME notes that last week, 429,000 tons of oil and petrochemical products worth 15.7 trillion rials (roughly $375.4 million) were sold.

According to the exchange, this included 174,000 tons of bitumen, 102,000 tons of vacuum distillation oil (raw material for asphalt and fuel oil), 66,200 tons of polymers, 42,200 tons of lube-cut, 30,300 tons of chemicals, 860 tons of humidity-proof facing, 1,200 tons of oils, 120 tons of argon and 5,600 tons of sulfur.

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