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Buy/sell operations at Iran Mercantile Exchange soar

Business Materials 16 January 2021 17:24
Buy/sell operations at Iran Mercantile Exchange soar

BAKU, Azerbaijan, Jan. 16

By Elnur Baghishov – Trend:

A total of 562,000 tons of goods worth more than 61 trillion rials (about $1.45 billion) were sold at the Iran Mercantile Exchange (IME) in the last Iranian week (January 9 through January 14), Trend reports citing the IME’s official website.

This is an increase of 17 percent in terms of value and 27 percent in terms of volume compared to the same period preceding Iranian week (January 2 through January 7).

So, 441,000 tons of goods worth more than 52 trillion rials (about $1.24 billion) were sold at the Iran Mercantile Exchange (IME) in the preceding Iranian week.

According to the report, about 162,000 tons of goods worth about 22.1 trillion rials (about $527 million) were sold in the industrial and mining products section of IME in the last week.

"Thus, 103,000 tons of steel, 1,900 tons of aluminum, 2,160 tons of copper, 120 tons of molybdenum sulfur, 20 kg of gold bars and 20,500 tons of zinc soil were sold in this section," the report said.

In addition, more than 398,000 tons of various oil and petrochemical products worth about 39.1 trillion rials (about $932 million) were sold in the oil and petrochemical products section of IME in the last Iranian week, the report said.

According to the report, 67,500 tons of vacuum bottom, 185,000 tons of bitumen, 57,900 tons of polymeric substances, 33,300 tons of chemicals, 33,000 tons of lube cut, 1,980 tons base oil, 50 tons of argon, and 20,200 tons of sulfur were sold in this section.

Furthermore, 1,580 tons of various products were sold in the submarket section of the exchange.

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