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Weekly sales at Iran Mercantile Exchange decline

Finance Materials 18 March 2023 17:17 (UTC +04:00)
Weekly sales at Iran Mercantile Exchange decline
Elnur Baghishov
Elnur Baghishov
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BAKU, Azerbaijan, March 18. In total, about 3.29 million tons of goods and 90 passenger cars worth 303 trillion rials (about $7.23 billion) were sold at the Iran Mercantile Exchange (IME), during the last Iranian week (March 11 through March 16, 2023), Trend reports citing the IME’s official website.

This is a decrease of 22.6 percent in value, compared to the preceding Iranian week (March 4 through March 9, 2023).

So, 4.01 million tons of goods and 1,175 passenger cars worth 392 trillion rials (about $9.34 billion) were sold at the Iran Mercantile Exchange (IME) in the preceding Iranian week.

According to the report, 2.96 million tons of goods, and various passenger cars worth 223 trillion rials (about $5.31 billion) were sold in IME's industrial and mining products section last week.

The main products sold in this section included cement, iron ore, steel, sponge iron, aluminum, copper, molybdenum concentrate, and etc.

Also, 357,000 tons of various oil and petrochemical products worth about 76 trillion rials (about $1.8 billion) were sold in the oil and petrochemical products section of IME last Iranian week.

The main products sold in this section were bitumen, vacuum bottom, polymer substances, chemicals, lube cut, base oil, petroleum products, sulfur, and etc.

At the same time, 16,000 tons of various products worth 4.46 trillion rials (about $106 million) were sold in the submarket section of the exchange.

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