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10,000 tonnes of PP were sold in Stock Exchange of Turkmenistan

June 07/2018

MOSCOW (MRC) -- The regular export trades for polypropylene (PP) were held at the State Commodity and Raw Materials Exchange of Turkmenistan on Monday. 10,000 tonnes of PP were sold during one trading day, according to ICIS-MRC Price report.

Export quantities of PP (10,000 tonnes) were put up for auction at the State Commodity and Raw Materials Exchange of Turkmenistan on 4 June, and despite long delivery terms (8 months), buying activity was very high in the trades partially because of low starting prices.

All PP quotas were sold out in the first trading day in June, deals were done by USD20/tonne higher than the starting prices - USD1,120/tonne FOB/FCA.

The previous trades were held on 23 May, deals were done at USD1,100/tonne FCA/FOB Turkmenbashi port with shipments within 8 months from the date of contracting. 20,500 tonnes of PP were bought out in the trades.


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