Turkmenbashi GPP sells 20,000 tonnes of PP at Commodity Exchange of Turkmenistan

MOSCOW (MRC)–20,000 tonnes of polypropylene (PP) were sold in the export trades of Turkmenistan’s State Commodity and Raw Materials Exchange, according to the ICIS-MRC Price report.

On 14 April, Turkmenbashi Gas Processing Plant’s 20,000 tonnes of PP were put up for auction, aimed for shipment within 9 months at a starting price of $960/tonne FCA/FOB (free carrier/free on board) port of Turkmenbashi.

Demand for PP in the stock exchange was quite strong in the first days of the trades, despite a rather long period of shipment.

The bids for purchasing were received for 35,300 tonnes. But actual deals started to be registered only on 17 April, and 20,000 tonnes of PP were contracted in the trades at the starting price of $960/tonne FCA/FOB port of Turkmenbashi.

As reported previously, one and a half months earlier 10,000 tonnes of PP to be shipped within seven months were sold in the Commodity and Raw Materials Exchange at $956/tonne FCA/FOB port of Turkmenbashi.

MRC, a partner of ICIS, produces polymers news and pricing reports from Russia, Ukraine, Belarus, Uzbekistan and Kazakhstan.