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3,500 tonnes of PP were sold in export trades in Turkmenistan

December 10/2020

MOSCOW (MRC) -- On Tuesday, 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. 3,500 tonnes of PP out of the put out for auction 5,000 tonnes of material were sold during one trading day, according to ICIS-MRC Price report.

The trades participants said the last export trades for  Turkmenbashi refinery"s PP took place at the State Commodity and Raw Materials Stock Exchange back in August, and then only 3,000 tonnes of raffia grade PP were put out for action. On Tuesday, 8 December, 5,000 tonnes of PP were put up for auction in the export trades at a starting price of USD920/tonne FCA.

Only 3,500 tonnes of PP were sold out of the put out for auction 5,000 tonnes in the first trading day, deals were done at prices significantly higher than the starting price - USD1,046/tonne FOB/FCA, with shipment within six months. 


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