BAKU, Azerbaijan, July 1. Sales of products at the Iran Mercantile Exchange (IME) decreased by 38.5 percent in value during the last Iranian week (from June 22 through June 27, 2024) compared to the previous week (from June 15 through June 20, 2024), Trend reports via the exchange.
In the reporting period, 2.22 million tons worth 236 trillion rials (about $604 million) and 30 trucks were sold at the exchange.
The previous Iranian week saw sales of products at the IME totaling 3.18 million tons worth 384 trillion rials (about $983 million).
The industrial-mining section of the IME realized 1.9 million tons of products worth 149 trillion rials (about $381 million).
Iron ore, cement, steel, sponge iron, copper, aluminum, lead, molybdenum concentrate, and precious metal concentrate were mainly sold in this section of the exchange.
Last week, 327,000 tons of products worth 84 trillion rials (about $215 million) were sold in the petrochemicals section of the IME.
Vacuum buttons, bitumen, polymer materials, lube cuts, chemicals, slaps, wax, gas, etc. were mainly sold in this section of the exchange.
The IME submarket sold 5,600 tons of products worth 2.88 trillion rials (about $7.37 million).
To note, the Iran Mercantile Exchange operates 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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