MSE reviews 2008 commodity trading results.
The Moscow Stock Exchange (MSE) has summed up its trading results in the Commodity market Section, where in 2008 the Exchange organized trading in the following groups: constructional materials, chemicals, minerals, agricultural products, energy sources and irons. During the year trading participants active in the market showed sustained interest in fertilizers trading. Trading volume in Chemicals group tripled as compared to 2007 results. Constructional materials group, by contrast, saw substantial decline in demand on cement and price index drop of more than 1.5 times.
According to 2008 commodity trading results, 2 million tons of goods worth over 16 billion rubles were sold and 1 702 deals were registered.
Chemicals group demonstrated the most noticeable growth: over 930 thousand tons of fertilizers (three times as much as 2007 figures) on the total amount of 9.4 billion rubles were sold (3.7 times as much as 2007 results), 893 deals were made. In December 2008 the price index of the group reached 7 980 (down 1.3 times as compared to the previous year).
Cement trading in Constructional materials group showed significant decline in the price index: by late December 2008 the index amounted 2 649 (1.5 times lower versus 2007). Constructional materials group results: 500 thousand tons of cement (various grades) worth 2.1 billion rubles were sold, 580 deals were made.
Trading in Minerals group resulted in over 400 tons of apatite concentrate worth approximately 4.1 billion rubles, and 48 deals.
In 2008 the Exchange held trading in Agricultural products group on the following commodities: soft wheat (3, 4, and 5 classes), barley, butter and meat. On the whole, 9 thousand tons of goods on the total amount of 140 million rubles were sold, 35 deals were made.
Irons group: over 15 thousand tons of goods worth 283.6 million rubles were sold, 144 deals were made. In December 2008 the price index of the group estimated 10 700 (1.2 times lower than 2007 figures).
The volume of coal trading (Energy sources group) reached 48 million rubles, 7.2 thousand tons of goods were sold, and 2 deals were made.
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