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Demand for PP subsides in export trades in Turkmenistan, but prices still remain steady

April 16/2021

MOSCOW (MRC) -- On Tuesday, the first in April export trades for Turkmenbashi refinery"s polypropylene (PP) were held at the State Commodity and Raw Materials Stock Exchange of Turkmenistan. Demand has subsided significantly since the March trades, only 500 tonnes of PP were sold during one trading day, according to ICIS-MRC Price report.

According to the bidders, on Tuesday, 13 April, 2,000 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 USD1,775/tonne FOB/FCA in accordance with the results of the March trades. Demand for PP was very weak in the trades, and only one deal was registered for 500 tonnes at the starting price.

The deal was done for shipments within six months.

The previous export trades for Turkmenbashi refinery"s PP were held back on 10 March 2021, and only 1,500 tonnes of PP raffia grade were sold then at USD1,775/tonne FOB/FCA, given the starting prices of USD1,515/tonne FOB/FCA.
Author:Margaret Volkova
Tags:PP, Turkmenbashy Refinery, Russia.
Category:General News
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