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10,000 tonnes of PP were sold at the stock exchange of Turkmenistan

November 11/2016

MOSCOW (MRC) -- In the export trades of Turkmenistan"s State Commodity and Raw Materials Exchange, 10,000  tonnes of polypropylene (PP) were sold, according to ICIS-MRC Price report.

On 4 November, Turkmenbashi Gas Processing Plant"s 10,000 tonnes of PP were put up for auction in the export trades of the State Commodity and Raw Materials Exchange of Turkmenistan. The put up for action PP was aimed for shipments within 10 months at a starting price of USD830/tonne, FCA/FOB port of Turkmenbashi.

Demand for PP at the stock exchange was quite weak in the first days of the trades. Many participants refused from purchasing material because of long delivery. But already on 9 November, the entire lot, which was put up for auction, was bought out. Deals were done at the starting price.
Author:Margaret Volkova
Tags:PP, Turkmenbashy Refinery, Turkmenistan.
Category:General News
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