Volume of fertilizers traded on SPIMEX in January-July 2020 grew seven-fold as compared to the entire 2019
July 2020 became a record-breaking month in terms of the volume of mineral fertilizers traded on SPIMEX. The amount was equal to 34,194 metric tonnes.
Since the start of 2020, a total of 76,882 tonnes of mineral fertilizers was traded on the exchange exceeding more than seven-fold the results of the entire 2019 (10,894 tonnes). Ammophos was in the highest demand among buyers with the volume traded amounting to 46,549 tonnes. The volumes of other fertilizers traded were as follows: NPK 10:26:26 — 16,415 tonnes, Ammonium Nitrate — 9,277 tonnes, B Grade Carbamide — 2,343 tonnes, NPK 15:15:15 — 2,098 tonnes, and NP+S=20:20+14 — 200 tonnes.
There is a steady increase in the number of regions where the designated delivery points for the SPIMEX fertilizers trades are located. Organized trading is held on a “ex producer’s depot” basis. In 2020, on-exchange trading in mineral fertilizers was launched in following Russian regions: the Belgorod Oblast, Bryansk Oblast, Voronezh Oblast, Kirov Oblast, Kursk Oblast, Lipetsk Oblast, Moscow Oblast, Nizhny Novgorod Oblast, Orel Oblast, Penza Oblast, Rostov-on-Don, Oblast Sverdlovsk Oblast and Tambov Oblast, Primorsky Krai and Stavropol Krai, as well as in the Republics of Bashkortostan and Tatarstan.
In total, more than 100 designated delivery points are currently located in 32 constituent regions of the Russian Federation.
All major national producers of mineral fertilizers trade on SPIMEX: PhosAgro Group (Apatit JSC, PhosAgro-Region LLC), MCC EuroChem JSC (EuroChem Trading Rus LLC), UCC URALCHEM JSC (URALCHEM Trading House LLC), Akron PJSC, Dorogobuzh PJSC, KuibyshevAzot PJSC, Azot KJSC, Gazprom Neftekhim Salavat LLC.
Advantages of exchange trading include the modern e-trading platform of SPIMEX, that provides an opportunity to quickly access the trades and find beneficial price offers in the remote mode, including outside the office.
The Saint Petersburg International Mercantile Exchange (SPIMEX) is Russia’s largest commodity exchange offering a wide range of products traded both in its Commodities Section (refined oil products, crude oil, natural gas, LPG, timber and construction materials, fertilizers) and in its Derivatives Section. The Exchange’s key task is to operate a transparent, fair and efficient price formation mechanism for Russian commodities. SPIMEX was founded in 2008.
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Section 1. Terms and Definitions
The following terms and definitions are used in this User Agreement (hereinafter, the Agreement):
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