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Buy/sell operations at Iran Mercantile Exchange soar

Finance Materials 2 October 2021 15:09 (UTC +04:00)
Buy/sell operations at Iran Mercantile Exchange soar

BAKU, Azerbaijan, Oct. 2

By Elnur Baghishov – Trend:

A total of 1.88 million tons of goods worth more than 157 trillion rials (about $3.74 billion) were sold at the Iran Mercantile Exchange (IME) in the last Iranian week (September 25 through September 30, 2021), Trend reports citing the IME’s official website.

This is an increase of 52 percent in terms of value, and 21 percent in terms of volume compared to the preceding Iranian week (September 18 through September 23, 2021).

So, 1.55 million tons of goods worth more than 103 trillion rials (about $2.44 billion) were sold at the Iran Mercantile Exchange (IME) in the preceding week.

According to the report, about 1.51 million tons of goods worth about 102 trillion rials (about $2.42 billion) were sold in the industrial and mining products section of IME last week.

"About 449,000 tons of steel, 7,200 tons of copper, 6,270 tons of aluminum, 15 tons of precious metal concentrate, 17,400 tons of zinc, 955,000 tons of cement, 1 kg gold bars, and 7,500 tons of sponge iron and 80,000 tons of iron ore were sold in this section," the report said.

In addition, more than 360,000 tons of various oil and petrochemical products worth about 53.7 trillion rials (about $1.28 billion) were sold in the oil and petrochemical products section of IME last Iranian week, the report said.

According to the report, 103,000 tons of vacuum bottom, 93,500 tons of bitumen, 84,700 tons of polymeric substances, 34,000 tons of chemicals, 38,000 tons of lube cut, 2,850 tons of base oil, 105 tons of facades and 800 tons of sulfur were sold in this section.

Furthermore, 9,250 tons of various products worth 1.58 trillion rials (about $37.7 million) were sold in the submarket section of the exchange.

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