Yesterday for the first time the Republican Uzbek Commodity Exchange started concluding exchange transactions on the sale of polypropylene.
Seller of new products is the Ustyurt Gas Chemical Complex JV ‘Uz-Kor Gas Chemical.’ Currently, 7 contracts with lots to 1 ton are opened in the stock market for the sale of various grades of polypropylene. The daily volume of sale for these contracts is 300 tons.
According to the first results of trading, 149 tons of polypropylene of Y130, FR-170H, and FR160 grades have already been sold. The buyers of these products are the companies from Tashkent, Samarqand and Khorezm regions. Traders and market experts opine that the emergence of new products on the stock exchange will facilitate the development of competition in the market.
In addition, JV ‘Uz-Kor Gas Chemical’ has opened 5 new contracts in the stock market for the realization of polyethylene of BL6200, FL7000, J2200, MF5000, and BL5200 grades. It should be mentioned that in 2015 this JV started selling of liquefied natural gas.
Polypropylene is used in all major industries - electronics, construction, automotive, mechanical engineering, transportation, instrumentation, medicine, and many others.