BAKU, Azerbaijan, February 3. The value of total sales at the Iran Mercantile Exchange (IME), grew by 14.3 percent, and reached 342 trillion rials (about $8.14 billion), during the last Iranian week (January 27 through February 1, 2024), compared to the previous week (January 20 through January 25, 2024), Trend reports.
The IME’s data shows that a total of 3.19 million tons of various products and 270 vehicles (including, trucks and pick-up trucks) were sold last week.
Approximately 2.5 million tons of various goods, and various vehicles worth 206 trillion (about $4.9 billion) were sold in the industrial and mining products section of the IME last week.
The main products sold in this section included iron ore, cement, steel, sponge iron, copper, aluminum, lead, molybdenum concentrate, precious metal concentrate, etc.
In addition, 696,000 tons of various oil and petrochemical products worth 131 trillion rials (about $3.12 billion) were sold in the oil and petrochemical products section of IME.
The main products sold in this section were vacuum bottom, bitumen, polymer materials, lube cut, chemicals, sulfur, slaps wax, gas, etc.
Also, 19,200 tons of various products worth 5.17 trillion rials (about $123 million) were sold in the sub-market section of the exchange for the last week.
Iran Mercantile Exchange (IME) is a market that sets prices for various products. The price of products on the stock exchange is determined based on supply and demand. The IME sells strategically important products in bulk, and the Exchange and Securities Organization of Iran supports this.
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