Effective trade on untreated timber at UEEX
There are successful trades in untreated timber on the Ukrainian Energy Exchange every day. The sale is more than 90% of the exhibited volume. At the auctions on September 13 and 14, the initiators were forestry from Zakarpattya, Lviv, Sumy and Khmelnitsky regions.
Totaly 111.23 thousand cubic meters with a total value of UAH 270.98 million including VAT have been sold since the beginning of the week. The largest volume of sales took place in Zakarpatty region. The total number of participants who purchased the untreated timber at the auctions more than 400.
| RESULTS OF UNTREATED TIMBER AUCTIONS AT UEEX | |||
|---|---|---|---|
| 13.09.2021 | 14.09.2021 | TOTALY | |
| Exhibited, c. m. | 66 893,77 | 48 683,54 | 115 577,31 |
| Sold, c. m. | 64 627,77 | 46 604,47 | 111 232,25 |
| Percentage of sales | 96,61% | 95,73% | - |
| Initial value, грн. | 129 316 308,09 | 76 941 043,71 | 206 257 351,80 |
| Sales value, грн. | 182 243 104,83 | 88 734 164,25 | 270 977 269,08 |
| State received additional revenue | 52 926 796,74 | 11 793 120,54 | 64 719 917,28 |
| Number of customers | 230 | 219 | - |
| Maximum number of steps | 532 | 283 | - |
"Watching at the trades at the Ukrainian Energy Exchange, we notice that the participants are interested in buying different types of timber. The volume of sales and the steps of price increase are the proof of that. In addition, an additional advantage of auctions is that the state receives additional income as a result of growth of the untreated timber value during the auction relative to the starting price", - mentioned Deputy CEO of LLC UEEX Kostiantyn Shevchuk.
Artem Bilous
Analyst,
UEEX