• 05.02.2024 /
• Company news

Small group: European quotations are under pressure

Small group prices are gradually increasing, feeling the pressure of the foreign market. But due to low demand and a sufficient number of offers, prices do not fully respond to external stimuli, sometimes remaining lower than the cost price of new batches of imported resources.

From January 26 to February 1, European diesel fuel quotations increased by $19/t: in the Mediterranean – to $851-869/t, in the south – to $859-868/t. But gasoline prices have decreased by $4/t over the last five days, to $808-826/t and $858/t. In general, in January, the foreign market increased by $55-62/t for gasoline and $97-106/t for DP.

Borders work

As of the morning of February 1, traffic across the Polish-Ukrainian border was quite intense. As reported by Ukrinform with reference to the broadcast of the telethon “Yedini Novyny”, the spokesman of the State Border Service of Ukraine, Andriy Demchenko, said that now in a day, from 1,000 to 1,400 trucks pass through the checkpoint “Yagodin-Dorogusk” in both directions, “Korchova-Krakivets” » – 600, through “Grebenne-Rava-Ruska” and “Medyka-Sheghini” – 500 trucks per day.

The unlocking of the Ukrainian border with Poland continues to affect the supply of diesel fuel by road transport, which has increased for the second week in a row. Last week, 15.63 thousand tons of diesel were imported by gasoline trucks from Poland and the Baltic countries, which is 35% more than the previous week.

At the same time, the supply of gasoline from these directions by gasoline tankers decreased by 10%, to 2.43 thousand tons.

At the beginning of the week, there was an accident at the catalytic cracking unit at the Mazeikiai Refinery (Orlen Lietuva). Market participants say that this has not yet affected the supply of fuel from the plant to Ukraine.

“But for the next week, Orlen significantly increased the premium for fuel: for gasoline it increased by €27/t, for DP – by €64/t,” said one of the importers of Lithuanian fuel.

As of February 2, Ukrainian companies have increased prices for fuel shipped from Lithuanian bases next week. According to the telegram channel of the UNTK company, the price of gasoline, depending on the base, increased by 0.5-0.6 UAH/l, to 41.00-41.5 UAH/l, private sector – by 2.00-2.2 hryvnias/l, up to 42.5-43.2 hryvnias/l.

The movement of fuel tankers across the Ukrainian-Romanian border takes place as usual. According to the “eCherga” service, as of February 2, there are only 47 cars in the queue to leave Ukraine through the Porubne-Siret checkpoint.

Traders note a significant improvement in diesel shipments by rail from Constanta. According to them, the reason for this is the decrease in demand for railway consignments.

In general, from January 22 to 28, imports of state-owned enterprises into the country by gasoline trucks increased by 9% compared to the previous week, to 25.4 thousand tons, and by 19% more than in the last seven days of December.

At the same time, the supply of diesel by rail transport increased by 35%, up to 54.1 thousand tons. Growth was recorded in all directions.

As previously reported by enkorr, this week the GTS company started supplying diesel fuel by rail to the west of Ukraine

3 From January 22 to 28, the total volume of gasoline imports decreased by only 90 tons, to 5.01 thousand tons, and compared to the end of December, it increased by 5%. The supply by railway decreased by 7%, to 14.9 thousand tons. This happened due to the halving of imports from Slovenia and the absence of railway consignments from Lithuania.

Prices have increased

Demand for fuel in the country remains low. But this week, traders from the south of the country noted a slight revival.

From January 29 to February 2, the price of diesel fuel in the south varied between UAH 42.75-45/l. At the end of the week, the company “Exxon Yuk” (belongs to the “Trade Commodity” group) entered the market with an offer of winter fuel at a price 0.7-0.8 UAH/l (43.2-43.3 UAH/l) cheaper than the regional average.

The upper limit is offered by SE WOG, “Martin Trade”, “Alliance Energo Trade”. At the same time, as of February 2, the cost of imported resource at “Continental Trade” is UAH 43.45/t, Quorum – UAH 43.4/l, UNTK – UAH 43.8/l.

“Currently, we are selling the resource with a minimal markup, there is no margin,” one of the companies shared the current results.

In the west, diesel was offered at 43.25-45.5 UAH/l. It should be noted that fuel companies operating in this direction continue to receive the resource contracted back in December at prices lower than now.

Trade in A-95 gasoline in the western direction was in the range of 42.75-45 UAH/l, in the southern regions of the country the same resource was traded in the range of 42.5-45.5 UAH/l.

European quotations and exchange rates remain the main factors pushing up fuel prices. “Weekly contracts from Lithuania will be 100 percent higher than this week. But it is difficult to say about other prices, since the quotations do not have stable dynamics”, – shared the opinion of one of the importers.

Source: https://enkorr.ua/uk/news/drbniy_gurt_vropeysk_kotiruvannya_tisnut/257947