BAKU, Azerbaijan, February 25. The value of total sales at the Iran Mercantile Exchange (IME), fell by 9.87 percent, and reached 283 trillion rials (about $6.73 billion), during the last Iranian week (February 17 through February 22, 2024), compared to the previous week (February 10 through February 15, 2024), Trend reports.
The sales also decreased by 6.3 percent in volume compared to the previous week and reached 2.93 million tons in the last week, as stated in the IME’s data.
Last week, 2.34 million tons of various goods, as well as various vehicles totaling 165 trillion (about $3.93 billion) were sold in the industrial and mining products section of the IME.
The main products sold in this section included iron ore, cement, steel, sponge iron, copper, aluminum, lead, molybdenum concentrate, precious metal concentrate, etc.
Furthermore, 570,000 tons of various oil and petrochemical products worth 112 trillion rials (about $2.67 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.
At the same time, 22,700 tons of various products worth 5.1 trillion rials (about $121 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.
---
Follow the author on X (Twitter):@BaghishovElnur