Displaying items by tag: Belarusian Universal Commodity Exchange

Belarus: The Belarusian Universal Commodity Exchange says that it expects to auction 1.5Mt of cement in 2022. BELTA News has reported that the figure corresponds to 50% of the annual production of Belarusian Cement Company.

Belarus: The Architecture and Construction Ministry has supported the country’s use of a commodity exchange to sell cement. Deputy Architecture and Construction Minister Alexander Sidorov said that his ministry was prepared to support an increase in supply to the exchange if demand allowed, according to the Belarusian Telegraph Agency (BelTA). It was previously announced that the country was planning to make 0.2Mt/yr of 10% of the country’s cement exports available to purchase via the Belarusian Universal Commodity Exchange (BUCE) from the start of 2019.

Belarus: 0.2Mt/yr or 10% of Belarus’ cement exports will be available for purchase via the Belarusian Universal Commodity Exchange (BUCE) from the start of 2019. The country hopes to increase its range of target markets as much as possible by using the commodity exchange, according to the Belarusian Telegraph Agency (BelTA). Local cement companies hope to increase sales via the commodity exchange if it is a success

A test batch of cement was sold via BUCE in September 2018. Six buyers from Russia, Ukraine and the Baltic states took part in the trading session and submitted bids for buying a total of 4000t of Ordinary Portland Cement. The trading session lasted for slightly more than one hour. A Lithuanian company bought 256t of cement as a result.