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Buy/sell operations at Iran Mercantile Exchange growing

Finance Materials 23 October 2021 23:58 (UTC +04:00)
Buy/sell operations at Iran Mercantile Exchange growing

BAKU, Azerbaijan, Oct. 23

By Elnur Baghishov – Trend:

A total of 1.91 million tons of goods worth more than 145 trillion rials (about $3.45 billion) were sold at the Iran Mercantile Exchange (IME) in the last Iranian week (October 16 through October 21, 2021), Trend reports citing the IME’s official website.

This is an increase of 18.1 percent in terms of value and 0.5 percent volume compared to the preceding Iranian week (October 9 through October 14, 2021).

So, 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 preceding week.

According to the report, about 1.48 million tons of goods worth about 80.2 trillion rials (about $1.9 billion) were sold in the industrial and mining products section of IME last week.

"About 329,000 tons of steel, 6,700 tons of copper, 7,250 tons of aluminum, 24 tons of precious metal concentrate, 280 tons of molybdenum sulfur, 100 tons of zinc, 1.12 million tons of cement, 26 kg gold bars, and 19,000 tons of sponge iron were sold in this section," the report said.

In addition, more than 429,000 tons of various oil and petrochemical products worth about 63.9 trillion rials (about $1.52 billion) were sold in the oil and petrochemical products section of IME last Iranian week, the report said.

According to the report, 96,000 tons of vacuum bottom, 120,000 tons of bitumen, 81,900 tons of polymeric substances, 38,000 tons of chemicals, 48,000 tons of lube cut, 3,000 tons of base oil, 2,500 tons of slaps wax, 570 tons of facades and 40,100 tons of sulfur were sold in this section.

Furthermore, 4,230 tons of various products worth 820 billion rials (about $19.5 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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