Volume of imported coal sold through Uzbek exchange revealed

Business Materials 19 February 2018 14:11 (UTC +04:00)

Baku, Azerbaijan, Feb.19

By Nigar Guliyeva – Trend:

Over 260 tons of imported coal of different brands were sold through exchange trades in Uzbekistan since early 2018, the Uzbek Republican Commodity and Raw Materials Exchange reported.

The sale of coal from Kyrgyzstan and Kazakhstan has started at the Uzbek Republican Commodity and Raw Materials Exchange since January 2018.

Presently, 17 standard exchange contracts for various grades of coal have been opened at the exchange. The deposit amount for participation in exchange trades under these contracts is from 1 percent to 5 percent. The starting price depending on the brand of coal is from 350,000 to 700,000 soums per ton on the stock exchange's website.

From Jan. 1,2018, 27 highly liquid products, such as rolled iron, motor fuel, diesels, technical kerosene, polypropylene, polyethylene, technical sulfur, coal, mineral fertilizers, caustic ash, cathode copper and copper rod are to be sold by monopoly enterprises in the internal market. The list of highly liquid products traded in the exchange includes secondary aluminum, rolled iron, metallic zinc, concrete, cement clinker, building glass, sugar, vegetable (cotton) oil, forage wheat, barley, cotton fiber, cotton linter, cottonseed hull, cottonseed meal and industrial seeds.

In 2017, the deals on highly liquid products in the Uzbek Commodity Exchange (UZEX) totaled to 9.5 trillion soums, 18.5 percent higher than in 2016

The official exchange rate for Feb. 19 is 8188.33 UZS / USD