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Buy/sell operation at Iran Mercantile Exchange grow

Business Materials 4 October 2020 13:29 (UTC +04:00)
Buy/sell operation at Iran Mercantile Exchange grow

BAKU, Azerbaijan, October 4

By Elnur Baghishov – Trend:

About 980,000 tons of goods worth more than 94 trillion rials (about $2.28 billion) were sold at the Iran Mercantile Exchange (IME) in the last Iranian week (September 26-October 1), Trend reports citing the IME’s official website.

The sales at the IME increased 28 percent in terms of value and 58 percent in terms of volume.

According to the report, thus, more than 637,590 tons of goods worth more than 67 trillion rials (about $1.59 billion) were sold at the Iran Mercantile Exchange (IME) in the preceding Iranian week (September 19-September 24).

“A total of 415,022 tons of goods worth 56.5 trillion rials (about $1.34 billion) were sold in the industrial and mining products section of IME,” the report said.

About 403,000 tons of steel, 6,910 tons of aluminum, 4,680 tons of copper, 12 tons of precious metal concentrate, 120 tons of molybdenum sulfur, 440 tons of zinc ingots, and 5 kg of gold bars were sold in this section.

“At the same time, 559,288 tons of various oil and petrochemical products worth 37.3 trillion rials (about $888 million) were sold in the oil and petrochemical products section of IME in the last week,” the report added.

According to the report, 228,000 tons of vacuum bottom, 177,000 tons of bitumen, 72,600 tons of polymeric substances, 42,900 tons of chemicals, 31,500 tons of lube cut, 2,240 tons of moisture-resistant coatings, 2,340 tons of base oil, 300 tons of slaps wax, 150 tons of argon, 3,000 tons of sulfur were sold in this section.

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