The price of liquefied natural gas from the subsidiary reached a seven-month high and amounted to 24 421 UAH/t.
LPG price at the auction of the largest manufacturer JSC Ukrgazdobycha (UGD) increased by 30% to 24 421 UAH/t compared to the auction a week ago. This is evidenced by the Ukrainian energy exchange (DEB), reports the online edition of the Chronicle.info with reference to enkorr.
The minimum price at the auction amounted to 24 000 UAH/t, maximum 24 800 UAH/t. the company has sold a little more than 70% of set volume — 1976 t from 2774 T.
“Expect a price above 24 000 UAH/t, in principle, this prediction has come true. Sold at a high price the bulk of the buyers have decided to sit tight and to reduce the sentence level. We went down to the lowest level of our price range, to sink below considered inappropriate,” — said at the auction Director for commercial issues of the company Sergey Fedorenko.
A major factor in the growth of wholesale prices of LPG Fedorenko considers the absence of permits for the supply of gas to Ukraine from the Ministry of economy of the Russian Federation for all providers in Russia and Kazakhstan. “There is a high risk as the minimum displacement of shipments to the main part of the import. Given these risks, we felt a further decline in prices is inexpedient,” — said Fedorenko.
The price of LPG to the subsidiary at the auction on may 29, rose to its highest level in 7 months (28 auctions). Last time up to 24 000 UAH/t, the price of liquefied petroleum gas UGD was rising at the end of October 2018.
LPG prices at auctions of small producers, held in conjunction with the sales UGD, also showed similar growth. Poltava petroleum company implemented the resource 25 000 UAH/t, Geo Alliance — 24 300 UAH/t.
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According to the daily price monitoring on the wholesale market of Consulting group A-95, in the first half of the day traders the average declared price of LPG on the terms of shipment GNS was 23 510 UAH/t compared to 28 may, the average price rose by 900 UAH/t.