Syndicate of Electric Producers says that in one-week-time, the demand for copper products at Iran’s Mercantile Exchange (IME) has gone up eight-fold. Alireza Kolahi, a board member of Syndicate of Electric Producers, told Islamic Republic News Agency (IRNA) that the fixed exchange rate has encouraged dealers to enter this market. They purchase copper at IME at 42000 IRR for each dollar and sell it at neighboring markets at higher prices.
After two weeks of continues growth, Tehran Stock Exchange adjusted its pace. Its main index, TEDPIX, grew only 132 points, i.e. 0.14%. Donyay-e Eghtesad writes that amid uncertainties about exchange rate policies and new regulations, some petrochemical companies are taking their time to go under renovations.