The results of trading in developed countries are a significant factor in the analysis of the market by antimonopoly authorities. During the auction for the liquefied gas on the UEEX present State Commissioner of the Antimonopoly Committee of Ukraine Valerii Polyukhovych, who was convinced of the transparency of bidding and non-discrimination or conspiracy.
"The practice of sale and purchase of liquefied gas on transparent competitive bidding is the best expression of fair competition in the oil market. As you know, today, Ukraine is dependent of import oil products on 80%, which complicates the monitoring of the pricing policy of operators of the market. In our opinion, exchange indexes, which are being formed through a transparent competitive bidding can be an additional tool for monitoring the state of competition in the oil market by Antimonopoly Committee of Ukraine", - said Valerii Polyukhovych.
PJSC "Ukrgasvydobuvannya" continues the practice of realization of petroleum products at electronic exchange trading twice a week. The first and main trading session this week took place on Tuesday July 19, where have put up 9810 tons of oil products and have sold 5165 tons, for a total of 92,043 million UAH. Second, additional trading was held on Thursday, July 21, and was marked by the realization of 1815 tons of oil products of the stated 4225 tons, with a total value 31,711 million UAH.
Also, on July 20, 2016, on the trading floor of CE "Ukrainian Energy Exchange" was held an additional exchange auction for the sale of liquefied petroleum gas for the domestic market, which resulted the PJSC "Ukrgasvydobuvannya" has realized all the declared 4263 tons of LPG with a total value of 64,880 million UAH. Experts of the Exchange noted the persistence of a deficit on the market of liquefied gas and the continued growth of prices on average by 3% compared to the previous auction, which took place on July 7.
In just three trading sessions this week PJSC "Ukrgasvydobuvannya" has sold own products in the amount of 188,634 million UAH on the trading floor of CE "Ukrainian Energy Exchange".
The fact that an auction for the sale of liquefied gas was visited by a state Commissioner of the Antimonopoly Committee of Ukraine Valerii Polyukhovych, according to experts of the UUEX shows that the Antimonopoly Committee of Ukraine professes a fair position in the regulation of energy markets that is certainly a favorable signal to the market participants.
"The introduction of trading 2 times a week has allowed the company to sell the petroleum products more effectively at high market prices and to earn on price changes that happen within the week. It is worth noting that the market is sharply increasing interest in trading. This is confirmed by the large number of participants on the electronic exchange trading, and those who were present at the auctions, and also representatives of the Antimonopoly Committee of Ukraine at the last auction," - said the Director of the company, a leader in providing consulting services UPECO Oleksandr Sirenko.
We will remind that PJSC "Ukrgasvydobuvannya" took the decision on holding trading twice a week. Now the market participants will have twice as many opportunities for the purchase of petroleum products and it will allow demonstrating the mood and general market trends more accurately.
Source - E Pravda