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Russian companies increased PP purchases from Turkmenistan

January 10/2011

MOSCOW (MRC) -- In December the Russian companies interest in PP purchases from Turkmenistan considerably grew. Total volume of deals made in the exchange market last month exceeded 13 KT which was an absolute record, according to MRC analysts.

High buying activity at trading sessions for the last days of 2010 resulted in price rises. Quotations on the exchange grew on USD 45/t. In September the interest of Russian companies in PP purchases from Turkmenistan temporarily reduced by the level of 2.5 KT. In October a number of deals for polymer delivery to Russia grew again and made about 9 KT.

Summarizing the results of 2010 total volume of PP deliveries from Turkmenistan to the Russian market made about 50 KT.

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