Exchange Quotations

Quarterly exchange quotation is the price for exchange commodities (commodity groups) defined by the results of exchange auctions per three months (quarter) before the start of the next period. Quarterly exchange quotation is defined by analysis of exchange transactions, prices, offered by exchange trade participants, and other price factors on the basis of unified criteria and special methods.

One can make long-term exchange transactions with condition of variable price in accordance with quarterly exchange quotation. The principle is used to ensure effective trading and procurement activity during the sale of considerable commodities quantity (e.g. round timber, sawn timber) under the transaction. The sale is exercised for a long time period, with shipment and change of market conditions.