20.08.2024, 12:34
A new exchange-traded commodity has appeared in Russia
Source: OREANDA-NEWS
OREANDA-NEWS The first rubble trading took place on the Eastern Stock Exchange. This is reported by RBC with reference to representatives of the site.
It turned out that the auction was launched with the support of the government of the Moscow region. The cost of the product will be determined based on the transactions that were made in this region. It is expected that after the rubble, the exchange will launch trading in sand, peat and other goods.
According to Andrey Salashchenko, General Director of the exchange, during the trading of crushed stone on the Eastern Exchange, its cost is taken into account during shipment. In other words, the cost of delivery is not included in the price. The issue of logistics costs will be resolved at the second stage.
According to Maria Yarmalchuk, CEO of the National Association of Infrastructure Companies, such stock trading may be of interest to builders. In particular, those who work with a government order.
In turn, Evgeny Ille, Vice President of Opora Russia, noted that the issue of exchange trading in crushed stone and sand had been raised since 2008, but due to a number of difficulties, they refused to implement this idea. On the one hand, because of the surplus of production capacities, and on the other - because of the great importance of logistics (60-70 percent of the delivery price).
At the end of May 2024, it was reported that the transportation of construction goods by Russian railways showed the worst dynamics in the last five years. From January to May, the average daily loading was seven percent lower than last year. Moreover, the situation was especially bad with rubble. Its shipments fell by 13-15 percent in the spring.
It turned out that the auction was launched with the support of the government of the Moscow region. The cost of the product will be determined based on the transactions that were made in this region. It is expected that after the rubble, the exchange will launch trading in sand, peat and other goods.
According to Andrey Salashchenko, General Director of the exchange, during the trading of crushed stone on the Eastern Exchange, its cost is taken into account during shipment. In other words, the cost of delivery is not included in the price. The issue of logistics costs will be resolved at the second stage.
According to Maria Yarmalchuk, CEO of the National Association of Infrastructure Companies, such stock trading may be of interest to builders. In particular, those who work with a government order.
In turn, Evgeny Ille, Vice President of Opora Russia, noted that the issue of exchange trading in crushed stone and sand had been raised since 2008, but due to a number of difficulties, they refused to implement this idea. On the one hand, because of the surplus of production capacities, and on the other - because of the great importance of logistics (60-70 percent of the delivery price).
At the end of May 2024, it was reported that the transportation of construction goods by Russian railways showed the worst dynamics in the last five years. From January to May, the average daily loading was seven percent lower than last year. Moreover, the situation was especially bad with rubble. Its shipments fell by 13-15 percent in the spring.
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