Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
The St. Petersburg International Mercantile Exchange
World exchanges

The St. Petersburg International Commodity Exchange has shown significant growth for 2020

27.10.2021
2 min read

St. Petersburg International Mercantile Exchange: Overview of 2020 results

The St. Petersburg International Mercantile Exchange achieved record results in 2020. The trading volume on the exchange exceeded 1 trillion rubles. This figure is 13.4% more than was recorded in 2019.
Last year the number of bidders operating on the site in St. Petersburg also increased significantly. In 2020 there were 2,591 of them, and in 2019 there were 2,333 organizations.
According to representatives of the exchange, the main task for the management was to ensure uninterrupted operation in a pandemic environment. Thanks to a prompt response to the changing conditions, it was possible to conduct trading of goods necessary for Russia even under conditions of restrictions and quarantine. Based on the results of the year, we can confidently say that the exchange has coped with the goals set.
During the year there was an increase in a number of areas, which are considered key for the exchange. At present every fourth ton of oil products is traded on St. Petersburg Exchange; the volume of gas trading is increasing regularly. In addition, positive dynamics were observed in the mineral fertilizers segment. Amid the pandemic, new projects began to function on the site, including electronic auctions for Russian Urals oil and oil products that are sent for export. Another significant event was the launch of commercial balancing for natural gas.
The St. Petersburg Exchange is developing its functionality and raising the level of services it provides. The clearing organization now has the status of NCO-CC. The federal electronic platform TEK-Torg participates in major projects for the purchase of goods and raw materials.rublesAccording to the results of 2020, the volume of transactions with oil, gas and their products increased by 11.3% and amounted to 23.18 million tons. In monetary terms, the turnover in this group of goods was recorded at 974.5 billion rubles. Sales of Premium-95 gasoline amounted to 2.78 million tons, an increase of 4.6% over the previous period. Diesel fuel showed good growth results, with an increase of almost 27%. Aviation kerosene showed an increase of 14.6%. And the turnover of heating oil decreased by almost 24%.
Timber trading was also lower than last year. The total volume of raw materials amounted to 2.33 million cubic meters for a total amount of 1.3 billion rubles. This figure is 42 lower than in 2019.
As for the ” Derivatives Market” segment, the turnover amounted to 44074 contracts, which equals 25.3 billion rubles in terms of money.
The trade volume of fertilizers and chemical products amounted to 100.3 thousand tons for a total amount of 2.43 billion rubles.

Tags: World exchanges
0
Previous Post How will the American stock market behave in the short and long term Next Post Microsoft has partnered on an autonomous vehicle project

You Might Also Like

Quality Gold
World exchanges
Quality Gold plans to IPO through a merger
28.12.2022
Samsung
World exchanges
Samsung Corp. plans to launch a crypto exchange
24.10.2022
new companies continue to IPO
World exchanges
New companies appear on stock exchanges
05.01.2023
to get rid of assets
World exchanges
The U.S. government recommends getting rid of assets in Chinese companies
30.04.2021
guidelines for cryptocurrency exchanges
World exchanges
Canada releases guidelines for cryptocurrency exchanges
25.05.2022
Russian stock exchange markets
World exchanges
How the Russian stock markets emerged and developed
24.07.2020

Recent Posts

  • 1Merck
    Merck announced a deal with Imago
    04.02.2023
  • 2slowdown in inflation in Germany
    Germany and other countries recorded a slowdown in inflation
    03.02.2023
  • 3John Craig Venter
    Who is John Craig Venter and his contribution to science
    02.02.2023
  • 4Mitsubishi
    Japanese Mitsubishi Corporation: history of creation
    01.02.2023
  • 5soft market
    Soft market: its impact on sellers and buyers
    31.01.2023

Popular Posts

  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Skolkovo analysts: the Russian energy market is suffering losses
  • PetroChina: scope of activities and earnings overview

Social media

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Press
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Press
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Press
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Press
16.05.2020

Latest Posts

Merck
Merck announced a deal with Imago
04.02.2023
slowdown in inflation in Germany
Germany and other countries recorded a slowdown in inflation
03.02.2023
John Craig Venter
Who is John Craig Venter and his contribution to science
02.02.2023

Chaslau Koniukh

Expert Chaslau Koniukh

Chaslau Koniukh – an expert in marketing and project management, IT consulting, international investments, investor, financial analyst. A commodity trader, private consultant, entrepreneur, lecturer, author of several articles on the stock market.

Popular Posts

  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Skolkovo analysts: the Russian energy market is suffering losses
  • PetroChina: scope of activities and earnings overview
  • American businessman Charles Koch: activities and philosophy of life
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram
  • Biography

Chaslau Koniukh – an expert in marketing and project management, international investments, financial analyst.

Social media

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics