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Buy/sell operations at Iran Mercantile Exchange soar

Finance Materials 17 October 2021 10:38 (UTC +04:00)
Buy/sell operations at Iran Mercantile Exchange soar

BAKU, Azerbaijan, Oct. 17

By Elnur Baghishov – Trend:

A total of 1.82 million tons of goods worth more than 123 trillion rials (about $2.92 billion) were sold at the Iran Mercantile Exchange (IME) in the last Iranian week (October 9 through October 14, 2021), Trend reports citing the IME’s official website.

This is an increase of 13 percent both in terms of value and volume compared to the preceding Iranian week (October 2 through October 7, 2021).

So, 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 preceding week.

According to the report, about 1.32 million tons of goods worth about 57.9 trillion rials (about $1.38 billion) were sold in the industrial and mining products section of IME last week.

"About 185,000 tons of steel, 11,300 tons of copper, 6,720 tons of aluminum, 15 tons of precious metal concentrate, 4,050 tons of zinc, 135,000 tons of iron ore, 981,000 tons of cement, 200 tons of petroleum coke, 20 kg gold bars, and 2,500 tons of sponge iron were sold in this section," the report said.

In addition, more than 484,000 tons of various oil and petrochemical products worth about 62.6 trillion rials (about $1.49 billion) were sold in the oil and petrochemical products section of IME last Iranian week, the report said.

According to the report, 211,000 tons of vacuum bottom, 104,000 tons of bitumen, 75,400 tons of polymeric substances, 33,900 tons of chemicals, 33,500 tons of lube cut, 4,980 tons of base oil, 105 tons of facades and 20,800 tons of sulfur were sold in this section.

Furthermore, 9,610 tons of various products worth 2.08 trillion rials (about $49.4 million) were sold in the submarket section of the exchange.

At the same time, 400 kg of saffron worth 50.7 billion rials (about $1.2 million) were sold in the agricultural section of the IME.

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