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Buy/sell operations at Iran Mercantile Exchange revealed

Business Materials 7 November 2020 11:33 (UTC +04:00)
Buy/sell operations at Iran Mercantile Exchange revealed

BAKU, Azerbaijan, Nov. 7

By Elnur Baghishov – Trend:

A total of 514,000 tons of goods worth more than 57 trillion rials (about $1.36 billion) were sold at the Iran Mercantile Exchange (IME) in the last Iranian week (October 31 through November 4), Trend reports citing the IME’s official website.

According to the report, however, 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 preceding Iranian week (October 24 through October 29).

"About 214,000 tons of goods worth about 27.7 trillion rials (about $659 million) were sold in the industrial and mining products section of IME," the report said.

Moreover, 213,000 tons of steel, 320 tons of aluminum, 380 tons of copper, 120 tons of molybdenum sulfur were sold in this section.

"At the same time, 300,000 tons of various oil and petrochemical products worth 29.4 trillion rials (about $700 million) were sold in the oil and petrochemical products section of IME last week," the report added.

According to the report, 79,600 tons of vacuum bottom, 87,800 tons of bitumen, 60,000 tons of polymeric substances, 31,800 tons of chemicals, 34,500 tons of lube cut, 1,760 tons of glass facades, 1,640 tons of base oil, 1,200 tons slaps wax, 150 tons of argon, and 1,000 tons of sulfur were sold in this section.

Furthermore, 711 tons of various products were sold in the submarket section of the exchange.

“Also, 1.46 tons of saffron were sold in the agricultural products section of the IME,” the report noted.

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