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Buy/sell operations at Iran Mercantile Exchange soar

Business Materials 8 January 2022 14:54 (UTC +04:00)
Buy/sell operations at Iran Mercantile Exchange soar

BAKU, Azerbaijan, Jan. 8

By Elnur Baghishov – Trend:

A total of 2.12 million tons of goods worth more than 202 trillion rials (about $4.82 billion) were sold at the Iran Mercantile Exchange (IME) in the last Iranian week (January 1 through January 6, 2022), Trend reports citing the IME’s official website.

This is an increase of 77 percent in value and 33 percent in volume, compared to the preceding Iranian week (December 25 through December 30, 2021).

So, 1.58 million tons of goods worth more than 114 trillion rials (about $2.72 billion) were sold at the Iran Mercantile Exchange (IME) in the preceding week.

According to the report, about 1.7 million tons of goods worth about 144 trillion rials (about $3.44 billion) were sold in the industrial and mining products section of IME last week.

The main products sold in this section were cement, steel, iron ore, sponge iron, copper, aluminum, molybdenum sulfur, precious metals concentrate and etc.

In addition, about 399,000 tons of various oil and petrochemical products worth about 55.5 trillion rials (about $1.32 billion) were sold in the oil and petrochemical products section of IME last Iranian week, the report said.

The main products sold in this section were bitumen, vacuum bottom, polymer substances, lube cut, chemicals, sulfur, base oil, argon and etc.

Furthermore, about 9,570 tons of various products worth about 2.17 trillion rials (about $51.7 million) were sold in the submarket section of the exchange.

At the same time, 50 kilograms of saffron worth 14.3 billion rials (about $342,000) were sold in the agricultural section of the exchange.

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Follow the author on Twitter:@BaghishovElnur

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