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Buy/sell operations at Iran Mercantile Exchange soar

Business Materials 10 October 2022 09:04 (UTC +04:00)
Buy/sell operations at Iran Mercantile Exchange soar
Elnur Baghishov
Elnur Baghishov
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BAKU, Azerbaijan, October 10. In total, 2.3 million tons of goods worth 152 trillion rials (about $3.61 billion) were sold at the Iran Mercantile Exchange (IME), during the last Iranian week (October 1 through October 6, 2022), Trend reports citing the IME’s official website.

This is an increase of about 34.2 percent in value and 17.7 percent in volume compared to the preceding Iranian week (September 24 through September 29, 2022).

So, 1.96 million tons of goods worth 113 trillion rials (about $2.69 billion) were sold at the Iran Mercantile Exchange (IME),

According to the report, about 1.89 million tons of goods worth 91.3 trillion rials (about $2.17 billion) were sold in IME's industrial and mining products section last week.

The main products sold in this section included cement, iron ore, steel, sponge iron, zinc, aluminum, copper, molybdenum concentrate, precious metals concentrate, gold bars and etc.

In addition, 400,000 tons of various oil and petrochemical products worth about 58.3 trillion rials (about $1.39 billion) were sold in the oil and petrochemical products section of IME last Iranian week.

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

At the same time, 15,700 tons of various products worth 2.04 trillion rials (about $48.6 million) were sold in the submarket section of the exchange.

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