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Imported fuel lost

Mar 23rd, 2010 | By admin | Category: Main News

In the first months of imports amounted to only 20%. The reason for this decline, market participants called the reduction of imports of Belarusian fuel because of the oil dispute between Russia and Belarus. But, as the traders themselves, even his approval late last week still does not warrant the resumption of regular deliveries in this direction.

January has failed to volumes of oil delivered from abroad. So, this month has been imported only 80 tons (60 tons of which were in petrol A-95), and diesel fuel - 93 tons is very small, even taking into account the fact that now the market is experiencing the peak of the dead1000season, experts say. "At the same time, Ukrainian factories for the last month summarily fired about 300 tons of gasoline, while exporting 24 thousand m. In other words, the share of imported gasoline in January was only 18%" - calculated the analyst consulting company UPECO Alexander Sirenko. According to him, while for imported diesel fuel accounts for just over 20%. For comparison: in 2008 the parity of imported and domestic fuel was 50/50, and on diesel fuel at times even 65/35.

Then in 2009 the position of imports shaken (70/30), partly because of the risks associated with currency fluctuations, the high volatility of world nefterynka quotes. "A year ago, our refineries have been unable to meet the ever-increasing consumption of petroleum products, and imports grew in proportion to it. But in 2009, consumption dipped just 20%, and the need to risk a crisis of import of steel to weaken," - said the commercial director of a of the Kiev gas station chains.

Regarding the January to reduce imports, it is mainly traders missed the Belarusian resource. Affected by problems with exports from local factories, which in the new year be without Russia"s oil. This stems from the - the confrontation between Russia and Belarus. Cancellation of the first preferential duties on black gold, a neighbor is not used for domestic consumption, triggered a protracted conflict.

Reduction of Belarusian oil refineries directly impact on export shipments. In including in Ukraine, where fuel from Mozyr last year managed to get a share of almost 45% of the total imports of fuel in the country. As reported by "i", a brisk summer diesel supplies from Belarus has firmly smash Russia, although it first went on lronburg, and the second - on the tube. Raised himself Belarusian resource leaders and imports of gasoline A-92, and in some months and the A-95. "For comparison: in November the share of the Belarusian petrol A-95 accounted for 65% of imported fuels this brand, then in January this year, only 8%", - notes Sirenko.

largest importers of Belarusian solve the problem of fuel shortages in his own way. For example, "Concern Galneftegas" (a network of filling stations OKKO) was forced to buy more oil to Lithuanian spot. A "Continuum" for its network (WOG) has imported a resource on the sea from Romania, as well as from Bulgaria. As experts note, the import of these directions, as well as Poland has picked up noticeably, which is shown by the growing number of its offerings on the market. Moreover, they predict a further increase in shipments from Romania to the south because of stops at half a month renovation of the Odessa refinery.

At the end of last week, Russia and Belarus finally went to the world, allowing its oil dispute in favor of "big brother". But traders, was watching the development of the conflict, from this news in no hurry to sigh with relief. Their fear is far more expensive Belarusian fuel. "Do not expect that the price of Belarusian oil products will rise because of the increased cost of raw materials. Just Belarusians themselves earn less. They have always offered their fuel costs tied to the world"s quotes. However, the gap, which provides them cheaper than others, oil, allow them more willing to go to price concessions in the range of $ 10-15 tonne ", - the head of" Consulting Group "A-95" Sergey Kujun.

much more burning issue (even for companies that are closely cooperating with the Belarusian producers of more than one year) is the question of the timing of the resumption of deliveries. Belarusian fuel reserves were depleted at all, and call timing of new parties, most market participants are still difficult. Uncb0certainty in the Belarusian supplies from retailers forces them to hedge the expense of alternative directions.

"Most of our partners have taken the opportunity to increase shipments by 10% per month, which provided for our annual contracts. Moreover, the additional supply of" mixed "environment, providing not so high purchase prices, both on the spot, we agree with GalNeftegaz ", - said the head of the Orlen Lietuva Igor Maystrenko.

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Most U.S. indices fell on Wednesday on weak statistics
The reduction and the overall sluggishness of the market due to Russia"s understanding that the price of paper is extremely high
In the market leaders in the early hours of trading securities were OGK-5, "InterRAO and Uralsvzyainforma"
After opening with a gap down in Russia market is expected stabilization of trades in the range of 1420-1425 points on the MICEX
Tomorrow"s payrolls data on stock indices will give a new impetus to the movement, perhaps the top
Highlights of the day will be the ECB meeting and the Bank of England
In the case of deterioration of the dynamics of overseas markets is not ruled out the beginning of a long-awaited deep correction and the market in Russia

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