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Buy/sell operations at Iran Mercantile Exchange soar

Business Materials 5 February 2023 17:03 (UTC +04:00)
Buy/sell operations at Iran Mercantile Exchange soar
Elnur Baghishov
Elnur Baghishov
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BAKU, Azerbaijan, February 5. In total, approximately 2.8 million tons of goods worth 298 trillion rials (about $7 billion) were sold at the Iran Mercantile Exchange (IME), during the last Iranian week (January 28 through February 2, 2023), Trend reports citing the IME’s official website.

This is an increase of 20.3 percent in value and 36.7 percent in volume compared to the preceding Iranian week (January 21 through January 26, 2023).

Meanwhile, more than 2 million tons of goods and 2,623 passenger cars worth approximately 248 trillion rials (about $5.94 billion) were sold at Iran Mercantile Exchange (IME) in the preceding week.

According to the report, 2.36 million tons of goods worth about 213 trillion rials (about $5.06 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, aluminum, sink, copper, lead, molybdenum concentrate, and etc.

In addition, about 412,000 tons of various oil and petrochemical products worth 74.6 trillion rials (about $1.82 billion) were sold in the oil and petrochemical products section of IME last Iranian week.

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

At the same time, over 50,000 tons of various products worth 1.81 trillion rials (about $43.1 million) were sold in the submarket section of the exchange.

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