FAS proposes to launch bitumen exchange trading in the first quarter of 2023 From IFX

The Federal Antimonopoly Service (FAS) proposes to launch bitumen exchange trading in the first quarter of 2023, the agency's press service reported.

Now only direct contracts are registered on the Commodity Exchange. On their basis, over-the-counter national and territorial price indices for bitumen were formed – road, construction (including roofing), etc. The FAS proposes to launch exchange trading in bitumen in the first quarter of 2023. The generated exchange indicator will allow companies to focus on bitumen prices that have developed in the domestic market, the FAS notes.

The agency emphasizes that the cost of bitumen directly affects the cost of road repairs and the construction of socially significant facilities. “In this regard, the issue of creating an exchange indicator is especially relevant on the eve of the spring and summer seasons. At this time, regional authorities are actively carrying out work on the reconstruction of roads, city streets, the construction of schools, hospitals, including within the framework of national projects. The exchange indicator will become a guide for government customers when determining the initial maximum price of contracts in the framework of procurement,” the press service said.

The FAS recalls that the development of exchange trading is provided for by the National Plan for the Development of Competition 2021-2025.

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