Turkmenistan commodities exchange PP sales reach 25,000 tonnes in April

03 May 2017 12:14 Source:ICIS News

MOSCOW (MRC)--25,000 tonnes of polypropylene (PP) were sold in the export trades on Turkmenistan’s State Commodity and Raw Materials Exchange in April, according to ICIS-MRC Price report.

On 28 April, Turkmenbashi Gas Processing Plant’s second large lot of PP was sold in the export trades of the State Commodity and Raw Materials Exchange of Turkmenistan. 25,000 tonnes of polymer to be shipped within 11 months were put up for auction in the trades at the starting price of $960/tonne FCA/FOB (free carrier/free on board) port of Turkmenbashi.

Demand for PP in the stock exchange was weak because of long delivery time. Only 13,500 tones of polymer out of 25,000 tonnes put up for auction were bought out in the trades. Russian companies purchased about 9,000 tonnes.

As reported earlier, on 14 April, Turkmenbashi Gas Processing Plant’s 20,000 tonnes of PP were also put up for auction in the export trades of the State Commodity and Raw Materials Exchange of Turkmenistan. The put up for action PP was aimed for shipment within 9 months at the starting price of $960/tonne FCA/FOB port of Turkmenbashi. All PP quantities were bought out in the trades.

Thus, about 33,500 tonnes of PP were sold in the export trades of Turkmenistan’s State Commodity and Raw Materials Exchange at USD960/tonne FCA/FOB port of Turkmenbashi for the whole April.

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

By Sergey Karaichentsev