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Buy/sell operations at Iran Mercantile Exchange spike

Business Materials 6 February 2021 13:02 (UTC +04:00)
Buy/sell operations at Iran Mercantile Exchange spike

BAKU, Azerbaijan, Feb. 6

By Elnur Baghishov – Trend:

A total of 718,000 tons of goods worth more than 101 trillion rials (about $2.4 billion) were sold at the Iran Mercantile Exchange (IME) last Iranian week (January 30 through February 4), Trend reports citing the IME’s official website.

This is an increase of 42 percent in terms of value and 4 percent in terms of volume compared to the preceding Iranian week (January 23 through January 28).

So, 689,000 tons of goods worth more than 70.1 trillion rials (about $1.67 billion) were sold at the Iran Mercantile Exchange (IME) in the preceding Iranian week.

According to the report, about 401,000 tons of goods worth about 61.8 trillion rials (about $1.47 billion) were sold in the industrial and mining products section of IME last week.

"Thus, 337,000 tons of steel, 7,200 tons of copper, 6,500 tons of aluminum, 120 tons of molybdenum sulfur, 15 tons of precious metal concentrate, 50,000 tons of iron ore pellets, 41 kg of gold bars were sold in this section," the report said.

In addition, more than 314,000 tons of various oil and petrochemical products worth about 39.2 trillion rials (about $934 million) were sold in the oil and petrochemical products section of IME last Iranian week, the report said.

According to the report, 55,000 tons of vacuum bottom, 99,700 tons of bitumen, 84,800 tons of polymeric substances, 35,000 tons of chemicals, 34,500 tons of lube cut, 3,160 tons of base oil, 50 tons of argon, and 325 tons of sulfur were sold in this section.

Furthermore, 4,190 tons of various products were sold in the submarket section of the exchange.

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