On September 20, 2017 CE "Ukrainian Energy Exchange" held the first in Ukraine electronic exchange trading for methanol purchase in the mode of coefficients trading where PJSC "Ukrgasvydobuvannya" has purchased 9 thousand tons of methanol with reference to the weighted average quotations of ICIS Methanol (Europe).
Bidding took place in the mode of coefficients, where suppliers have offered a reduction of coefficient to the ICIS quotation. By results of trading the coefficient amounted to 0,955, which allowed UGV to receive a significant discount of 4.5% with the purchase.
Delivery of commodity will be carried out during October 2017 – January 2018 on 5 bulk warehouses of PJSC "Ukrgasvydobuvannya"
"Today we launched a new exchange-traded instrument, namely the electronic exchange trading in the mode of coefficients trading and continued to improve mechanisms for trade of hydrocarbons and petrochemical products in Ukraine, and provide a new, convenient mechanism not only for sales but also for purchase to all participants of the Ukrainian market. We are particularly pleased that our partner PJSC "Ukrgasvydobuvannya" remains a market leader in the introduction of trade innovations and today, not only effectively sale its own products in electronic exchange trading and conduct procurement saving significant resources of state-owned enterprise using exchange mechanisms, which in turn shows the difference of the new management of Ukrgasvydobuvannya that conducts an active anti-corruption policy in procurement", - said Oleksandr Kovalenko, CEO of Ukrainian Energy Exchange.