BAKU, Azerbaijan, April 6. The sales of products at Iran Mercantile Exchange decreased by 8.3 percent in value terms and 16 percent in weight terms in the last Iranian week (from March 30 through April 4) compared to the previous week (March 24-28), the data of the Iran Mercantile Exchange (IME) said, Trend reports.
Product sales at the Iran Mercantile Exchange stood at 2.25 million tons worth 200 trillion rials (about $4.76 billion) last week. However, in the previous week, 2.69 million tons of products worth 218 trillion rials (about $5.19 billion) were sold at the Mercantile Exchange.
Meanwhile, about 1.83 million tons of products worth 109 trillion rials (about $2.6 billion) were sold in the industrial-mining section of the Commodity Exchange.
This section of the exchange mainly sold iron ore, cement, steel, sponge iron, copper, aluminum, lead, molybdenum concentrate, and precious metal concentrate.
During the mentioned period, about 422,000 tons of products worth 91 trillion rials (about $2.17 billion) were sold in the petrochemicals section of the Mercantile Exchange.
The main products sold in this exchange section were vacuum bottoms, bitumen, polymer materials, lube cut, chemicals, sulfur, slap wax, gas, etc.
A total of 830 tons of products worth 232 billion rials (about $5.52 million) were sold in the sub-market of the Mercantile Exchange.
To note, Iran's Mercantile Exchange works to provide many products and set prices. The price of products at the exchange is determined based on supply and demand. The Organization of Exchanges and Securities of Iran advocates the wholesale sale of strategically important products through the Mercantile Exchange.
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