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Russia buys polyethylene in Turkmenistan

Oil&Gas Materials 3 February 2020 12:36 (UTC +04:00)

ASHGABAT, Turkmenistan, Feb. 3

By Huhseyn Hasanov – Trend:

Forty transactions were registered at the trading of the State Commodity and Raw Materials Exchange of Turkmenistan last week, Trend reports referring to the commodity on Feb.3.

Entrepreneurs from Russia purchased high-density polyethylene, while entrepreneurs from Turkey and Uzbekistan purchased cotton yarn and colorless flat glass. The total amount of transactions exceeded $1.2 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 concluding a contract with exchange brokers.

The main export items of Turkemnistan 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 news agency.

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