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Buy/sell operations at Iran Mercantile Exchange increase

Business Materials 1 November 2020 11:33 (UTC +04:00)
Buy/sell operations at Iran Mercantile Exchange increase

BAKU, Azerbaijan, Nov. 1

By Elnur Baghishov – Trend:

A total of 561,359 tons of goods worth more than 55 trillion rials (about $1.3 billion) were sold at the Iran Mercantile Exchange (IME) in the last Iranian week (October 24 through October 29), Trend reports citing the IME’s official website.

Thus, this is an increase of 40 percent in terms volume and 7 percent in terms of value compared to the preceding Iranian week (October 18 through October 22).

According to the report, however, 398,846 tons of goods worth more than 51 trillion rials (about $1.21 billion) were sold at the Iran Mercantile Exchange (IME) in the preceding Iranian week.

"About 205,000 tons of goods worth about 24 trillion rials (about $571 million) were sold in the industrial and mining products section of IME," the report said.

Moreover, 202,000 tons of steel, 730 tons of aluminum, 1,060 tons of copper, 120 tons of molybdenum sulfur, 840 tons of zinc and 5kg of gold were sold in this section.

"At the same time, 356,000 tons of various oil and petrochemical products worth 31.7 trillion rials (about $755 million) were sold in the oil and petrochemical products section of IME in the last week," the report added.

According to the report, 184,000 tons of vacuum bottom, 57,200 tons of bitumen, 63,500 tons of polymeric substances, 32,200 tons of chemicals, 11,500 tons of lube cut, 1,100 tons of glass facades, 2,670 tons of base oil, 150 tons of argon, and 4,280 tons of sulfur were sold in this section.

Furthermore, 378 tons of various products were sold in the submarket section of the exchange.

“Also, 63 kilograms of saffron were sold in the agricultural products section of the IME,” the report noted.

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