SPIMEX St. Petersburg International Commodity Exchange

St. Petersburg International Commodity Exchange (SPIMEX) is the largest commodity exchange in Russia.

The exchange has created a reliable and transparent trading mechanism based on a modern software and technical platform. The electronic trading system SPIMEX is a comfortable remote access via the Internet to all exchange markets and related services for bidders. Guarantees of financial control over the execution of transactions and the supply of goods based on the results of trading are provided by modern risk management and settlement mechanisms that meet international standards.

SPIMEX organizes exchange trading in real goods and fixed-term contracts.

On the spot market of SPIMEX petroleum products, tenders were organized for all major groups of petroleum products with a wide geography of supply bases and uniform operating standards for all participants.

Delivery futures contracts for summer diesel fuel with shipment from oil refineries of the Central Federal District are circulating on the derivatives market of SPIMEX.

Along with exchange indices, the exchange registers OTC transactions on the domestic market of oil products of the Russian Federation. Information on prices for the main groups of petroleum products generated on the OTC market is available on the SPIMEX website.

The main goal of SPIMEX is to create an organized commodity market and an understandable and transparent mechanism for the formation of fair prices for the main raw materials produced in the Russian Federation and the CIS countries.

Performance indicators

2022: Net profit growth by 26% to RUB 2.5 billion

At the end of 2022, the St. Petersburg International Commodity Exchange (SPIMEX) received a net profit of 2.5 billion rubles, which is 26% more than a year ago (1.85 billion rubles). The site published such data on June 21, 2023. At the same time, the revenue was not disclosed.

As stated in SPIMEX, the growth of financial and economic indicators of the company's activities is associated with a systematic increase in the number of participants and the volume of trading in most sections of the exchange.

SPIMEX received a net profit of 2.5 billion rubles

The volume of trading in petroleum products at SPIMEX in 2022 reached 1.404 trillion rubles, which is 3.1% higher than in the same period of the previous year. In physical terms, the volume of trading in petroleum products also increased - by 7.8%, to 29.127 million tons. Including 13.673 million tons of diesel fuel (+ 18.9%) were sold during the reporting period. Sales of Regular-92 gasoline increased by 1% - to 6.25 million tons, Premium-95 - by 1.5%, to 3.542 million tons.

Sales of heating oil increased by 19.9% - to 1.709 million tons, liquefied hydrocarbon gases - by 14.4%, to 1.988 million tons. At the same time, the volume of sales of jet fuel decreased by 30.4% - to 1.377 million tons.

The term market showed negative dynamics in 2022. The volume of contracts for the sale of diesel in the domestic market fell by 63.8% to 9.7 billion rubles (64,114 tons, 4,986 contracts were concluded), and only 300 contracts worth 1.9 billion rubles and 30,000 tons were concluded for the export of diesel, which is 88.9% less than a year earlier.

SPIMEX also notes that more than a quarter of the total sale of petroleum products supplied to the domestic market Russia is traded on the exchange site.^[1]

2020: Revenue growth by 9: to 1.85 billion rubles

The revenue of St. Petersburg International Commodity Exchange JSC (SPIMEX) for 2020 increased by 9% to 1.85 billion rubles, net profit decreased by 42.9% to 831.2 million rubles.

History

2023: Igor Artemyev's appointment as president of the exchange

On November 7, 2023, the St. Petersburg International Commodity Exchange (SPIMEX) announced the appointment of Igor Artemyev as the new president. He replaced Alexei Rybnikov, who headed SPIMEX since 2011. Read more here.

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