Buy/sell operations at Iran Mercantile Exchange grow

Buy/sell operations at Iran Mercantile Exchange grow

BAKU, Azerbaijan, Jan. 2

By Elnur Baghishov – Trend:

A total of 996,000 tons of goods worth more than 113 trillion rials (about $2.69 billion) were sold at the Iran Mercantile Exchange (IME) in the last Iranian week (December 26 through December 31), Trend reports citing the IME’s official website.

This is an increase of 39 percent in terms of value and 55 percent in terms of volume compared to the preceding week (December 19 through December 24).

Thus, 643,000 tons of goods worth more than 81 trillion rials (about $1.93 billion) were sold at the Iran Mercantile Exchange (IME) in the preceding Iranian week.

According to the report, about 446,000 tons of goods worth about 64.8 trillion rials (about $1.54 billion) were sold in the industrial and mining products section of IME in the last week.

"So, 436,000 tons of steel, 7,530 tons of aluminum, 1,420 tons of copper, 120 tons of molybdenum sulfur, 15 tons of precious metal concentrate, 200 tons of cast iron, and 10 kg of gold bars were sold in this section," the report said.

In addition, more than 570,000 tons of various oil and petrochemical products worth about 48.8 trillion rials (about $1.16 billion) were sold in the oil and petrochemical products section of IME in the last Iranian week, the report said.

According to the report, 225,000 tons of vacuum bottom, 194,000 tons of bitumen, 57,600 tons of polymeric substances, 17,100 tons of chemicals, 41,500 tons of lube cut, 3,100 tons base oil, 3,000 tons of slaps wax, and 8,900 tons of sulfur were sold in this section.

Furthermore, 1,170 tons of various products were sold in the submarket section of the exchange.

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