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25,000 tonnes of PP sold at Commodity Exchange of Turkmenistan

April 28/2018

MOSCOW (MRC) -- The export trades for polypropylene (PP) were resumed at the State Commodity and Raw Materials Exchange of Turkmenistan in the second half of April. 25,000 tonnes of PP were sold during two trading days, according to ICIS-MRC Price report.

25,000 tonnes of PP were put up for auction in the export trades at the State Commodity and Raw Materials Exchange of Turkmenistan on 17 April. But no deals were concluded in the first week of the trades because of high starting prices. Actual deals began to be done only this week, when prices went down.

Thus, all PP quantities put up for auction were bought out during two trading sessions on 23 and 26 April. Deals were done at USD1,150/tonne FCA/FOB Turkmenbashi port with shipments within 2-11 months from the date of contracting.

As reported earlier, the previous sales took place on 12 March at the starting price of USD960/tonne FCA/FOB Turkmenbashi port; the final deals were done at USD1,225/tonne  FCA/FOB Turkmenbashi port.


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