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Buy/sell operations at Iran Mercantile Exchange soar

Business Materials 27 February 2021 12:49
Buy/sell operations at Iran Mercantile Exchange soar

BAKU, Azerbaijan, Feb. 27

By Elnur Baghishov – Trend:

A total of 789,000 tons of goods worth more than 105 trillion rials (about $2.5 billion) were sold at the Iran Mercantile Exchange (IME) last Iranian week (February 20 through February 24), Trend reports citing the IME’s official website.

This is an increase of 9 percent in terms of volume compared to the preceding week (February 13 through February 18).

So, 719,000 tons of goods worth more than 108 trillion rials (about $2.57 billion) were sold at the Iran Mercantile Exchange (IME) in the preceding week.

According to the report, about 312,000 tons of goods worth about 52.3 trillion rials (about $1.24 billion) were sold in the industrial and mining products section of IME last week.

"Thus, 300,000 tons of steel, 7,500 tons of copper, 3,980 tons of aluminum, 200 tons of molybdenum sulfur, 30 tons of precious metal concentrate, 25 tons of lead, 450 tons of zinc and 20 kg of gold bars were sold in this section," the report said.

In addition, more than 475,000 tons of various oil and petrochemical products worth about 53 trillion rials (about $1.26 billion) were sold in the oil and petrochemical products section of IME last Iranian week, the report said.

According to the report, 184,000 tons of vacuum bottom, 122,000 tons of bitumen, 77,900 tons of polymeric substances, 40,000 tons of chemicals, 48,000 tons of lube cut, 1,900 tons of base oil, 30 tons of argon, 500 tons of facades and 1,800 tons of sulfur were sold in this section.

Furthermore, 1,770 tons of various products worth 294 billion rials (about $7 million) were sold in the submarket section of the exchange.

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