MOSCOW (MRC)--1,500 tonnes of Turkmenbashi refinery polypropylene (PP) were sold in a single day of export trades at the State Commodity and Raw Materials Stock Exchange of Turkmenistan with pricesbreaking another record, according to ICIS-MRC Price report.
According to the bidders, 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 on 10 March.
The starting price was set at $1,515/tonne free on board/free carrier (FOB/FCA). PP prices climbed during the trades to reach a record $1,775/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 $1,515/tonne FOB/FCA.
Export PP sales were at $750/tonne FOB/FCA in March 2020
MRC, a partner of ICIS, produces polymers news and pricing reports from Russia, Ukraine, Belarus, Uzbekistan and Kazakhstan.