Lumber. The first auctions on UEEX

On January 21, 2022, the Ukrainian Energy Exchange held the first electronic trading in lumber. The pioneers were the forestry enterprises of the Kiev region.

The price of sold lots (cutting materials) increased by 19%, which will provide state forestry with additional funds.

“We have been researching this direction for a long time, analyzing the market situation. Now, already in "combat mode", so to speak, we continue to observe the behavior of the participants. Although the first trades gave an increase in price, we see great opportunities for improving the results. Our task is to provide state-owned companies and private enterprises with effective tools for the purchase and sale of lumber, which will provide economic benefits to all parties in the process. We already have a real positive experience in the sale of untreated timber, and now we are building an adjacent market."- Kostiantyn Shevchuk, Deputy CEO of Ukrainian Energy Exchange LLC, commented on the results of the auction.