In Russia, they plan to bring building materials to the stock exchange to curb price increases.
© картинка сгенерирована ИИ
The Ministry of Construction of the Russian Federation, as part of curbing rising prices for building materials, is considering the possibility of obliging manufacturers to enter organized auctions and sell at least 10% of the total volume of products produced. This is reported by "Kommersant".
The list of product lines that will be required to be sold through auctions has not yet been determined. It may include crushed stone and sand, bricks, bitumen, cement, asphalt mixtures, timber products, corrugated sheets, cable and wire products, plastic pipes, steel pipes and rolled steel, metal structures and rails.
This measure will allow obtaining objective data on prices for building materials and will contribute to their indirect regulation through lowering or increasing exchange sales standards.
It is known that the very idea of the Ministry of Construction to put building materials on the stock exchange was supported by the St. Petersburg International Mercantile Exchange and the Federal Antimonopoly Service. Let us remind you that in 2023, SPIMEX began trading in construction fittings, and lumber auctions are developing.