Prices for petroleum coke and diesel have been reduced at the at the State Commodity and Raw Materials Exchange of Turkmenistan (SCRMET) based on a proposal from the seller on Saturday.
The seller, Türkmennebit (State Concern), proposed discounts for the petroleum coke and calcined petroleum coke. Specifically, the price of a ton of petroleum coke has been decreased from $685 to $600, while the price of a ton of calcined petroleum coke has been reduced from $1,020 to $900.
The volume of petroleum coke and calcined petroleum coke available for purchase at the SCRMET is 5 thousand tons and is 3 thousand tons respectively. These products are produced at the Turkmenbashi Complex of Oil Refineries.
For ECO-5 hydrotreated diesel fuel (grade-ABC), the price was discounted by $60 according to the Platts price formula FOB Italy line ULSD 10ppm with a premium of $201. The lower limit for a ton of the product is $300.
The loading point for ECO-5 diesel is the Kenar Oil Storage and Loading Enterprise of the Turkmenbashi Complex of Oil Refineries. The total volume of available products on the exchange is 5 thousand tons.
Transactions at the exchange are conducted with advance payment, and the products are dispatched under Incoterms FCA.