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15,000 tonnes of PP were sold in Stock Exchange of Turkmenistan on 12 March

March 14/2018
MOSCOW (MRC) - The export trades of polypropylene (PP) were resumed at the State Commodity and Raw Materials Exchange of Turkmenistan after a long break. This time, 15,000 tonnes of PP were sold on 12 March, according to ICIS-MRC Price report.

Turkmen State Commodity and Raw Materials Exchange did not put for auction polypropylene produced by the Turkmenbashi Gas Processing Plant for a long time. The last auction was in early May 2017, where were sold 7,500 tonnes of polypropylene.

Export trades were resumed in early March of this year, the demand was quite high. The first trading session in the export trade took place on 7 March, the bids were for 40,000 tonnes of polypropylene with 15,000 tonnes offered.

The next round of trades was held on 9 March, and due to high demand, the winners were not defined. The final auction was held on 12 March, at a starting price of USD960/tonne FCA / FOB Turkmenbashi port; the final deals were done at the level of USD1,225/tonne  FCA / FOB Turkmenbashi port.

The greatest interest in the purchases of Turkmen polypropylene was seen from Russian companies.
Author:Anna Larionova
Tags:PP, Turkmenbashy Refinery, Turkmenistan.
Category:General News
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