TORG-i auction platform/SPIMEX Group
advanced electronic venue for trading crude, timber & non-standardized commodities
RUSSIA'S LARGEST COMMODITY EXCHANGE
1.0 tn RUB - annual trade volume
2,300 - trading participants
PHYSICALLY-SETTLED FUTURES CONTRACTS FOR EXPORTED REFINED PRODUCTS
Diesel EURO-5 FOB Primorsk
NEW TIMBER EXPORT SALES & PROCEDURES
For the first time in Russia
Eventually, SPIMEX aims to extend its pricing regime to all of its oil sold on spot markets, including the ESPO blend sold to the Asia-Pacific region.
Several oil companies, which are also SPIMEX’s shareholders, are backing the move.