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Buy/sell operations at Iran Mercantile Exchange shrink

Business Materials 5 November 2022 16:47 (UTC +04:00)
Buy/sell operations at Iran Mercantile Exchange shrink
Elnur Baghishov
Elnur Baghishov
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BAKU, Azerbaijan, November 5. In total, 2.3 million tons of goods worth about 152 trillion rials (about $3.61 billion) were sold at the Iran Mercantile Exchange (IME), during the last Iranian week (October 29 through November 3, 2022), Trend reports citing the IME’s official website.

This is a decrease of 10 percent in value and 20.9 percent in volume compared to the preceding Iranian week (October 22 through October 27, 2022).

So, 2.92 million tons of goods worth 169 trillion rials (about $4.02 billion) were sold at the Iran Mercantile Exchange (IME), in the preceding Iranian week.

According to the report, 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, gold bars and etc.

In addition, 400,000 tons of various oil and petrochemical products worth about 58.4 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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