Vetek daily report

Page 1

www.vrg.com.ua

26.11.2013

VETEK RESEARCH GROUP Motor Fuels Daily

Traders expand the range of Belarusian fuel Prices of gasoline and diesel fuel on the Ukrainian wholesale market moved in opposite directions on Tuesday as the range of Belarusian products widened Average wholesale fuel prices Динамика средних крупнооптовых ценin Ukraine, на топливо в Украине, UAH/tгрн/т

Prices for this commodity ranged from 10.380 to 10.400 UAH/t. Traders lifted the price for diesel fuel from Novopolotsk in order to bring it into line with diesel fuel from another Belarusian refinery in Mozyr, which costs 10.400 UAH/t in Korosten. A number of companies, including Vybor from Kyiv, Trans-Nafta from Lugansk and Energoimpex from Odessa, entered the market today with Belarusian A-92 petrol with the shipment from Korosten station at 2.200 UAH/t, 50 UAH lower than the previous price on November 22. The price of Belarusian A-92 petrol produced at the Novopolotsk refinery remained unchanged on Tuesday at 12.250 UAH/t at FCA Shchors station (Chernihiv Region). Traders also noted delays in shipments of Romanian diesel fuel at Nikolaev station.

12910 12701 12492

12690

12650

12400

12430

10330

10330

12600 12400

12550 12350

12600

12600

12360

12340

10300

10300

25.11

26.11

12283

10328

10340

10320

10304 10280

19.11 - Diesel

20.11

21.11 - А-95

22.11 - А-92

Source: VRG

Prices for diesel fuel from Russia and Belarus grew today at different supply locations. ZakarpatnefteproduktMukachevo, the only company that traded Russian diesel fuel at Mukachevo station (Transcarpathian Region), raised the price today by 80 UAH compared to the previous trading day. Now the bottom price of diesel fuel from Russia at this supply location is 10.300 UAH/t The company explained the price hike by the current shortfall in the commodity. New shipments are expected through Thursday, November 28. Traders have also increased the price for diesel fuel produced by the Belarusian Novopolotsk refinery with shipment at Korosten station (Zhytomyr Region) by 80 UAH.

The price for this commodity remained at 10.500 UAH/t, but it is shipped no earlier than five days after the date of full

Fuel wholesale prices on Ukrainian market as of 26.11.2013 А-92 Producer/offloading station

А-95 +/- to 25.11.13

UAH/t

USD/t

UAH/t

Belarus/Grechany

-

-

-

-

Belarus/Korosten

12 200

1 483

-

12 650

Diesel +/- to 25.11.13

UAH/t

USD/t

-

-

10 400

1 264

-

1 537

0%

10 300

1 252

0%

USD/t

+/- to 25.11.13

Import

Belarus/Mironovka

-

-

-

-

-

-

10 400

1 264

-

Belarus/Schors

-

-

-

12 250

1 489

0%

-

-

-

Lithuania/Korosten Lithuania/Udritsk

-

-

-

12 970

1 576

+0,2%

-

-

-

12 350

1 501

-0,5%

-

-

-

-

-

-

Russia/Kupiansk

-

-

-

-

-

-

10 250

1 246

0%

Russia/Mukachevo

-

-

-

-

-

-

10 300

1 252

+0,8%

Russia/Novograd-Volynskiy

-

-

-

-

-

-

10 150

1 234

+0,5%

Russia/Rovenki

-

-

-

-

-

-

10 400

1 264

0%

12 300

1 495

0%

12 400

1 507

0%

-

-

-

-

-

-

12 450

1 513

0%

-

-

-

12 200

1 483

0%

-

-

-

-

-

-

Romania/Nikolaev

-

-

-

-

-

-

10 500

1 276

0%

Romania/Odessa-Zastava

-

-

-

12 450

1 513

0%

-

-

-

Drogobychski OR/Drogobych

-

-

-

-

-

-

-

-

-

12 750

1 550

0%

12 950

1 574

0%

10 980

1 334

0%

-

-

-

-

-

-

-

-

-

Romania/Aivazovskaya Romania/Grechany Romania/Kerch

Kremenchugski OR/Kagamlykskaya Lisichanski OR/Novozolotarevka Nadvornyanski OR/Nadvornaya Odesski OR/Odessa Shebelinski GR/Shebelinka “-” – no offers

www.vrg.com.ua

-

-

-

-

-

-

-

-

-

12 300

1 495

0%

12 450

1 513

0%

10 450

1 270

0%

-

-

-

-

-

-

9 850

1 197

-0,3%

Source: VRG

Ukraine


Vetek Research Group (Motor Fuels)

26.11.2013

advanced payment, according to market participants. The price of Ukrainian diesel fuel produced in Shebelynka dropped by 30 UAH. Some traders (Vybor, Western Oil and Gas Company, Trans-Nafta) sell a limited amount (up to 180 t) of this commodity for 9.850 UAH/t. The date of the next auction aiming to sell petroleum products from Ukrgasdobycha (Shebelynka gas plant

At the previous auction on October 28

pumper, subsidiary of the Naftogaz Ukrayiny state company) was announced

Ukrgasdobycha sold all its diesel fuel,

today. On November 28 the company

specifically 10,440 tons with rail shipment

put on auction 5,640 tons of diesel fuel

and 1,000 with shipment by motor-vehicle

with rail shipment and 1,200 tons with

transport at an average price of 9,424.14

shipment by motor-vehicle transport. The

UAH/t and 9,710 UAH/t, respectively. The

reserve price is 9,800 UAH/t and 9,900

price of diesel fuel at the previous auction

UAH/t, respectively. The delivery period

started from 9.900 UAH/t (rail shipment)

for all commodities is December 1, 2013

and 10.000 UAH/t (motor-vehicle

through January 10, 2014.

transport shipment).

Average retail prices for А-92 in Ukraine as of 26.11.2013, UAH/l

Средние розничные цены на А-92 в Украине по состоянию на 26.11.2013, грн/л

10.29/0.00 Lutsk

10.28/0.00 Rivne

Chernihiv 10.17/0.00

10.23/0.00 Zhytomyr

Sumy 10.13/0.00

Kyiv

10.37/0.00

Lviv 10.36/0.00

Ternopil

10.35/-0.03 10.29/0.00 Ivano-Frankivsk Uzhhorod 10.32/-0.03 10.37/0.00 Chernivtsi

Vinnytsia 10.39/0.00

Cherkasy 10.29/0.00 Kirovohrad

10.28/0.00

10.33/0.00

- reduction

10.35/0.00

- no change

Odesa

10.48/0.00 Luhansk

10.18/0.00 Dnipropetrovsk Zaporizhzhia 10.22/-0.02

10.40/0.00 Mykolaiv

Donetsk

10.52/0.00

10.28/0.00 Kherson

- growth

10.41/-0.04

Kharkiv 10.36/-0.03

10.36/0.00 Poltava

Khmelnytskyi

10.55/0.00 Simferopol

Avg price per region as of 25.11.13

Source: VRG

Average retail prices for А-95 in Ukraine as of 26.11.2013, UAH/l

Средние розничные цены на А-95 в Украине по состоянию на 26.11.2013. грн/л

10.62/-0.01 10.61/0.00 Lutsk Rivne

Chernihiv 10.49/-0.01

10.56/0.00 Zhytomyr

10.70/-0.01

Lviv 10.71/-0.01

Ternopil

Vinnytsia 10.75/0.00

Cherkasy 10.63/-0.01 Kirovohrad

10.62/-0.01

- reduction - no change - growth

Avg price per region as of 25.11.13

Kharkiv 10.67/-0.03

10.65/0.00 Poltava

Khmelnytskyi

10.70/-0.05 10.62/0.00 Uzhhorod Ivano-Frankivsk 10.65/-0.03 10.72/-0.01 Chernivtsi

11.01/-0.04

Sumy 10.44/-0.01

Kyiv

10.68/-0.01

10.69/-0.02 Odesa

10.49/0.00 Dnipropetrovsk Zaporizhzhia 10.53/-0.02

10.75/-0.01 Mykolaiv

10.83/0.00 Luhansk Donetsk

10.87/0.00

10.61/-0.01 Kherson

10.94/-0.03 Simferopol

Source: VRG

2

www.vrg.com.ua


Vetek Research Group (Motor Fuels)

26.11.2013

Lukoil cut retail price of A‑92 petrol and diesel fuel Prices of gasoline and diesel fuel in Ukrainian retail market continue to decline, approaching the level set by the largest traders on November 22

Not only did oil products become

15 kopecks each, to 10.85 UAH/l and

cheaper on Tuesday at small chains in

9.64 UAH/l, respectively. This is the second

some regions of Ukraine, but Lukoil

price reduction at Lukoil filling stations

(owner of over 240 filling stations across

since November 22, when high-octane

the country) also cut prices at its own

gasoline here became 19 kopecks cheaper.

filling stations. The prices of A‑92 petrol

A‑92 petrol cost 10.50 UAH/l and

and diesel fuel dropped 10 kopecks and

A‑95 petrol — 10.95 UAH/l (10.90 UAH/l at filling stations in Ternopil Region).

Average retail prices for Diesel in Ukraine as of 26.11.2013, UAH/l

Prices crumbled today at the network

Средние розничные цены на ДТ в Украине по состоянию на 26.11.2013, грн/л

owned by Autotechservice independent company from Ternopil (owns 12 stations

9.44/-0.01 Lutsk

9.43/0.00 Rivne

9.36/-0.01 Zhytomyr

Sumy 9.32/-0.01

Kyiv

10.40 UAH/l here, 30 kopecks cheaper

9.51/-0.02

Lviv 9.52/-0.01

Ternopil

9.50/-0.02

Cherkasy 9.43/-0.02

Vinnytsia 9.56/0.00

9.52/-0.03

- no change

Zaporizhzhia 9.34/-0.03

9.56/-0.02 Mykolaiv

Odesa

price of diesel fuel at the filling stations of

9.65/0.00 Luhansk

Dnipropetrovsk

9.54/-0.01

- reduction

dropped 40 kopecks to 10.80 UAH/l. The

9.28/-0.01

Kirovohrad

9.44/-0.01

than the previous figure. A‑95 petrol

Kharkiv 9.52/-0.03

9.51/-0.01 Poltava

Khmelnytskyi

9.46/-0.01 Uzhhorod Ivano-Frankivsk 9.53/-0.01 9.41/-0.03 Chernivtsi

this market player fell by 20 kopecks to

Donetsk

9.50 UAH/l. However, the company does

9.72/0.01

not rule out a further price reduction this week in order to narrow the price gap with the Privat Group (owns over 1,600 ANP,

9.42/-0.02 Kherson

- growth

9.61/-0.04

across the region). A‑92 petrol costs

Chernihiv 9.31/-0.01

Sentosa, Avias, Maveks, Ukrnafta, Ukrtatnafta and other filling stations),

9.75/-0.01 Simferopol

Avg price per region as of 25.11.13

which now stands at 30–40 kopecks.

Source: VRG

Average retail prices for gas in Ukraine as of 26.11.2013, UAH/l

Средние розничные цены на газ в Украине по состоянию на 26.11.2013, грн/л

6.19/0.00 Lutsk

6.17/0.00 Rivne

Chernihiv 6.13/0.00

6.18/0.00 Zhytomyr

6.61/0.00

Lviv 6.40/0.00

Ternopil

6.30/0.00

Vinnytsia 6.21/0.00

Cherkasy 6.29/0.00 Kirovohrad

6.36/0.00

- reduction - no change - growth

Avg price per region as of 25.11.13

Kharkiv 6.47/0.00

6.24/0.00 Poltava

Khmelnytskyi

6.29/0.00 Uzhhorod Ivano-Frankivsk 6.40/0.00 6.22/0.00 Chernivtsi

6.25/-0.04

Sumy 6.19/0.00

Kyiv

6.17/0.00

6.39/0.00 Odesa

6.38/0.00 Luhansk

6.22/0.00 Dnipropetrovsk Zaporizhzhia 6.39/0.00

6.20/0.00 Mykolaiv

Donetsk

6.28/0.00

6.29/0.00 Kherson

6.19/-0.04 Simferopol

Source: VRG

www.vrg.com.ua

3


Vetek Research Group (Motor Fuels)

26.11.2013

Fuel prices in Europe fell amid tumbling futures Prices of gasoline and diesel fuel on the European spot market dropped on Monday on expectations of increased supplies from the US, where more companies are resuming operations after maintenance GAsoliNe Prices have fallen the most over the last two weeks on speculation of growing fuel supplies from the United States. A futures drop of 1.7% also added to the decline. Analysts expect the US Department of Energy to report an increase on November 27 of gasoline inventories by 1 million barrels over the week from 15 to 22 November. Over the week that ended on November 15 the country’s gasoline inventories diminished by 0.3 million barrels to 208.9 million barrels. Shipments of gasoline in Europe also decreased after four tankers were chartered for the United States during the previous trading day. Prices of diesel fuel in Europe fell on Monday as a result of a futures slump. Gas oil on the ICE lost 0.32% the day before to reach 934.75 USD/ton. But futures moved slowly upwards today due to a technical correction.

CIF NWE/Basis ARA, USD/t

984 948.2

945.0

922.9

921.6

948

924.6

959.4 945.5

956.7

951.7

947.2

925.6

936.8

909.9

911.2

910.7

560

530

601.0

601.2

603.2

601.7

606.0

563.9

566.7

566.9

565.9

566.4

15.11

18.11

19.11

20.11

21.11

- А-95 (Unl 10 ppm)

- Diesel (ULSD 10 ppm)

- Fuel oil (sulfur 1.0%)

- Fuel oil (sulfur 3.5%)

610.2

578

554

4

598 598

576 576

554 554

599.5 599.5

573.6 573.6 15.11 15.11

929.8 929.8

913.7 913.7

914.4 914.4

916.1 916.1

899.0 899.0

899.5 899.5

900.0 900.0

596.5 596.5

598.7 598.7

597.2 597.2

581.6 581.6

579.6 579.6

19.11 19.11

20.11 20.11

578.8 578.8

18.11 18.11

- А-95 (Unl 10 ppm) - А-95 (Unl 10 ppm) - Fuel oil (sulfur 1.0%) - Fuel oil (sulfur 1.0%)

942.8 942.8

926.8 926.8

- Diesel (ULSD 10 ppm) - Diesel (ULSD 10 ppm) - Fuel oil (sulfur 3.5%) - Fuel oil (sulfur 3.5%)

926.6 926.6

937.0 937.0 937.0 937.0

923.6 923.6

912.7 912.7

601.7 601.7

582.8 582.8

21.11 21.11

606.2 606.2

585.6 585.6

22.11 22.11

609.7 609.7

579.3 579.3

25.11 25.11

- Diesel (sulfur 0.1%) - Diesel (sulfur 0.1%)

CIF CIF Med Med (Genova/Lavera), (Genova/Lavera), USD/t USD/t

980 980 938.5 938.5

927.6 927.6 916.9 916.9

932.6 932.6 925.6 925.6

912.7 912.7

941.3 941.3 927.1 927.1

913.9 913.9

937.5 937.5 929.1 929.1

914.7 914.7

955.4 955.4 942.8 942.8 927.3 927.3

966.9 966.9

955.9 955.9 941.5 941.5

613.7

570.1

22.11

565.7

25.11

FOB Rotterdam, USD/t 950.5 927.6

925.4

931.6

918.9

917.4

920.6

906.4

904.2

905.5

926.3 922.9 905.2

586 586

564 564

931.1

916.9

584.8 584.8 15.11 15.11

607.4 607.4 589.8 589.8

18.11 18.11

609.7 609.7

608.2 608.2

592.5 592.5

590.5 590.5

19.11 19.11

20.11 20.11

- Diesel (ULSD 10 ppm) - Diesel (ULSD 10 ppm) - Fuel oil (sulfur 3.5%) - Fuel oil (sulfur 3.5%)

943.0

934.8 928.6

612.4 612.4 593.5 593.5

21.11 21.11

FOB FOB NEW, NEW, USD/t USD/t

948 948

944.3 934.6

610.7 610.7

- А-95 (Unl 10 ppm) - А-95 (Unl 10 ppm) - Fuel oil (sulfur 1.0%) - Fuel oil (sulfur 1.0%)

- Diesel (sulfur 0.1%)

616.9 616.9 596.3 596.3

950.2 950.2 948.0 948.0 940.0 940.0

22.11 22.11

921 921

909.7 909.7

908.2 908.2

911.4 911.4

912.4 912.4

938.0 938.0

921.9 921.9 907.9 907.9

896.7 896.7

895.3 895.3

896.7 896.7

590.8 590.8

593.0 593.0

591.5 591.5

554.0 554.0

554.5 554.5

553.5 553.5

554.2 554.2

20.11 20.11

21.11 21.11

620.4 620.4 590.0 590.0

25.11 25.11

- Diesel (sulfur 0.1%) - Diesel (sulfur 0.1%)

925.4 925.4

894 894

933.6 933.6

918.9 918.9

896.2 896.2

867 867

870

602

884 884 620 620

608 608

940.3

901

915.6 915.6

922.6 922.6

930.6 930.6

860 860 630 630

963

932

928.6 928.6

903.2 903.2

900 900

876

590

912 912

933.8

922.6 911.2

940 940

940 940

938.8

955.9 955.9 944.8 944.8

598.0

595.8

594.8

571.4

571.6

570.6

571.1

18.11

19.11

20.11

21.11

590.3

592.5

568.6

15.11 - Eurobob

- А-95 (Unl 10 ppm)

- Fuel oil (sulfur 1.0%)

- Fuel oil (sulfur 3.5%)

601.0

574.9

22.11 - Diesel (sulfur 0.1%)

Динамика средних крупнооптовых цен на топливо в Украине. грн/т

602.5

586 586

590.0 590.0

570.4

560 560

550.7 550.7

25.11

534 534

15.11 15.11

18.11 18.11

- Diesel (ULSD 10 ppm) - Diesel (ULSD 10 ppm) - Fuel oil (sulfur 1.0%) - Fuel oil (sulfur 1.0%)

19.11 19.11

595.8 595.8

600.0 600.0

557.9 557.9

22.11 22.11

603.5 603.5

553.5 553.5

25.11 25.11

- Diesel (sulfur 0.1%) - Diesel (sulfur 0.1%) - Fuel oil (sulfur 3.5%) - Fuel oil (sulfur 3.5%)

www.vrg.com.ua

Source: VRG

912

950.7

972.4

FOB FOB Med Med (Italy), (Italy), USD/t USD/t

968 968


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