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Iran observes decline in buy/sell operations at its Mercantile Exchange

Business Materials 13 February 2023 09:46 (UTC +04:00)
Iran observes decline in buy/sell operations at its Mercantile Exchange
Elnur Baghishov
Elnur Baghishov
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BAKU, Azerbaijan, February 13. In total, 2.42 million tons of goods worth 232 trillion rials (about $5.53 billion) were sold at the Iran Mercantile Exchange (IME), during the last Iranian week (February 4 through February 9, 2023), Trend reports citing the IME’s official website.

This is a decrease of 22 percent in value and 13.5 percent in volume compared to the preceding Iranian week (January 28 through February 2, 2023).

So, approximately 2.8 million tons of goods worth 298 trillion rials (about $7 billion) were sold at the Iran Mercantile Exchange (IME) in the preceding week.

According to the report, 2.04 million tons of goods worth about 162 trillion rials (about $3.85 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, copper, sink, molybdenum concentrate, and etc.

In addition, about 374,000 tons of various oil and petrochemical products worth 68.8 trillion rials (about $1.64 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, polymers, chemicals, lube cut, base oil, petroleum products, sulfur, and etc.

At the same time, 4,840 tons of various products worth 1.61 trillion rials (about $38.3 million) were sold in the submarket section of the exchange.

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