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Export PP prices hit record for the last two years at the trades in Turkmenistan

February 25/2021

MOSCOW (MRC) -- Last Saturday, after a long break at the State Commodity and Raw Materials Stock Exchange of Turkmenistan, the export trades for Turkmenbashi refinery"s polypropylene (PP) were resumed. 1,000 tonnes of PP were sold at record high prices over the past two years, according to the ICIS-MRC Price Report.

According to the bidders, on Saturday, 20 February, at the State Commodity and Raw Materials Exchange of Turkmenistan, 1,000 tonnes of PP raffia grade produced by the Turkmenbashi refinery was offered for export shipment. The starting price was set at USD1,050/tonne FOB / FCA.

During the trades, the price of polypropylene grew dynamically and reached USD1,515/tonne FOB / FCA, the total volume of PP was sold in one day. The previous export trades of PP produced by the Turkmenbashi refinery were held on December 8 and 9 last year, and then 5,000 tonnes of PP raffia grade were sold at prices of USD1,046-1,050/tonne FOB / FCA.

It is also worth noting that in March 2020, export sales of polypropylene from the Kiyanlyn Polymer Plant ended at USD750/tonne FOB / FCA.


mrcplast.com
Author:Anna Larionova
Tags:No
Category:General News
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