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20,500 tonnes of PP were sold in Stock Exchange of Turkmenistan

May 24/2018

MOSCOW (MRC) -- The regular export trades for polypropylene (PP) were held at the State Commodity and Raw Materials Exchange of Turkmenistan on Monday. 20,500 tonnes of PP were sold during one trading days, according to ICIS-MRC Price report.

20,500 tonnes of PP were put up for auction in the export trades at the State Commodity and Raw Materials Exchange of Turkmenistan on 21 May. Buying activity was quite high in the trades partially because of lower starting prices.

Export PP quantities (25,000 tonnes) were put up for auction at the State Commodity and Raw Materials Exchange of Turkmenistan back on 8 May, but high starting prices (USD1,150/tonne FCA/FOB) and long delivery dates (6 months) hampered demand. Only 4,500 tonnes of PP were sold during the several trading sessions.

The starting prices dropped in the trades on 21 May, and trades participants resumed purchases of PP. Deals were done at USD1,100/tonne FCA/FOB Turkmenbashi port with shipments within 8 months from the date of contracting.


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