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Turkmenbashi GPP sold 20,000 tonnes of PP at Commodity Exchange of Turkmenistan

April 19/2017

MOSCOW (MRC) -- In the export trades of Turkmenistan"s State Commodity and Raw Materials Exchange, 20,000  tonnes of polypropylene (PP) were sold, according to ICIS-MRC Price report.

On 14 April, Turkmenbashi Gas Processing Plant"s 20,000 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 shipment within 9 months at a starting price of USD960/tonne FCA/FOB port of Turkmenbashi.

Demand for PP in the stock exchange was quite strong in the first days of the trades, despite a rather long period of shipment. The bids for purchasing were received for 35,300 tonnes. But actual deals started to be registered only on 17 April, and 20,000 tonnes of PP were contracted in the trades at the starting price of USD960/tonne FCA/FOB port of Turkmenbashi.

As reported previously, one and a half months earlier, 10,000 tonnes of PP to be shipped within 7 months were sold in the Commodity and Raw Materials Exchange at USD956/tonne FCA/FOB port of Turkmenbashi.


mrcplast.com
Author:Margaret Volkova
Tags:PP, Turkmenbashy Refinery, Turkmenistan.
Category:General News
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