Economy

Belarusian Universal Commodity Exchange starts cement sales

Belarusian Universal Commodity Exchange starts cement sales

MINSK, 28 August (BelTA) – Cement worth Br991,200 was sold during the first trade session held by the Belarusian Universal Commodity Exchange (BUCE) for the home market, BelTA has learned.

According to the source, BUCE has started regular trade sessions to sell products of the holding company Belarusian Cement Company on the home market. As many as 18 indivisible lots with the volume varying from 2,000 tonnes to 20,000 tonnes were available for sale on 27 August. As a result of the trade session 7,000 tonnes of cement was sold for Br991,200.

Trade sessions to sell cement on the home market will be held regularly at 14:00 on Tuesdays and Thursdays. Large lots worth over 1,000 base amounts (one base amount equals Br27 at present) will be put up for sale.

Belarusian Cement Company intends to use BUCE to increase cement sales during the so-called low season – from September through March. In order to make trade sessions more productive, BUCE specialists inform the already registered Belarusian companies and accredit and train new exchange trade participants.

The public joint-stock company (OAO) Belarusian Universal Commodity Exchange was established in 2004. The first trade sessions took place in June 2005. BUCE is one of the largest mercantile exchanges in Eastern Europe. Its key function is to assist Belarusian companies with exporting their products and assist foreign companies with entering the Belarusian market. The commodity exchange facilitates trade in metals, timber, agricultural products, and a broad choice of industrial and consumer goods.

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