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Buy/sell operations at Iran Mercantile Exchange shrink

Finance Materials 9 October 2021 14:40 (UTC +04:00)
Buy/sell operations at Iran Mercantile Exchange shrink

BAKU, Azerbaijan, Oct. 9

By Elnur Baghishov – Trend:

A total of 1.6 million tons of goods worth more than 108 trillion rials (about $2.58 billion) were sold at the Iran Mercantile Exchange (IME) in the last Iranian week (October 2 through October 7, 2021), Trend reports citing the IME’s official website.

This is a decrease of 30.9 percent in terms of value, and 14.7 percent in terms of volume compared to the preceding Iranian week (September 25 through September 30, 2021).

So, 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 preceding week.

According to the report, about 1.22 million tons of goods worth about 51.4 trillion rials (about $1.22 billion) were sold in the industrial and mining products section of IME last week.

"About 263,000 tons of steel, 1,220 tons of copper, 3,690 tons of aluminum, 300 tons of molybdenum concentrate, 15 tons of precious metal concentrate, 310 tons of zinc, 939,000 tons of cement, 20 kg gold bars, and 20,000 tons of sponge iron were sold in this section," the report said.

In addition, more than 376,000 tons of various oil and petrochemical products worth about 55.3 trillion rials (about $1.31 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, 102,000 tons of bitumen, 86,800 tons of polymeric substances, 34,400 tons of chemicals, 34,500 tons of lube cut, 3,000 tons of base oil, 105 tons of facades and 800 tons of sulfur were sold in this section.

Furthermore, 7,760 tons of various products worth 1.64 trillion rials (about $39.2 million) were sold in the submarket section of the exchange.

At the same time, 500 kg of saffron worth 61.3 billion rials (about $1.46 million) were sold in the agricultural section of the IME.

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Follow the author on Twitter:@BaghishovElnur

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