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PP prices broke another record in export trades in Turkmenistan

March 12/2021

MOSCOW (MRC) -- On Wednesday, the export trades for Turkmenbashi refinery"s polypropylene (PP) were held at the State Commodity and Raw Materials Stock Exchange of Turkmenistan. 1,500 tonnes of PP were sold during one trading day, prices broke another record, according to ICIS-MRC Price report.

According to the bidders, on Wednesday, 10 March, 1,500 tonnes of Turkmenbashi refinery"s PP raffia grade were put up for export sale at the State Commodity and Raw Materials Exchange of Turkmenistan. The starting price was set at USD1,515/tonne FOB/FCA. PP prices were growing dynamically during the trades and finally reached another record - USD1,775/tonne FOB/FCA, the total volume of PP was sold in one day.

Deals were done with shipment within six months.

The previous export trades for Turkmenbashi refinery"s PP were held back on 20 February 2021, and only 1,000 tonnes of PP raffia grade were sold then at USD1,515/tonne FOB/FCA.

It is also worth noting that back in March 2020, export PP sales were at USD750/tonne FOB/FCA.
Author:Margaret Volkova
Tags:PP, Turkmenbashy Refinery, Belarus, Russia, Turkmenistan, Ukraine.
Category:General News
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