Russia buys polypropylene from Turkmenistan

Business Materials 21 January 2020 17:18 (UTC +04:00)
Russia buys polypropylene from Turkmenistan

ASHGABAT, Turkmenistan, Jan. 21

By Huseyn Hasanov - Trend:

Thirty transactions were registered at the State Commodity and Raw Materials Exchange of Turkmenistan last week, Trend reports referring to the exchange.

Entrepreneurs from Afghanistan, the UAE, Singapore, and Switzerland purchased hydrotreated diesel fuel, and aviation kerosene. Meanwhile, businessmen from Russia bought polypropylene in Turkmenistan.

In addition, sewing and knitwear, gas-concrete blocks, cotton yarn, and cotton fiber were sold to Kazakhstan, Russia, and Turkey. The total amount of transactions exceeded $76.5 million.

Participants in exchange trading can be enterprises and organizations of all forms of ownership, citizens of Turkmenistan and other states by acquiring a brokerage place or by entering into a service contract with exchange brokers.

The main export items are petroleum products, cotton fiber, domestic textile products, and the chemical industry.

Prices for some products put up for auction change daily and are set in accordance with the international quotations; for cotton in accordance with Liverpool’s Cotton Outlook news agency and for oil products in accordance with Platts.