On Tuesday November 15, 2016 on the electronic trading platform of Ukrainian Energy Exchange was carried an electronic trading of oil products production of PJSC "Ukrgasvydobuvannya". Gasoline and diesel were proposed of Euro-5 standard.
The sale included 5 595 tons of oil products, of which 2 270 tons were sold, which amounted to more than 40,5% of set volume. Total trading volume on the UEEX amounted more than 30.9 million UAH.
By the results of trading price quotations for Gasoline A-92 formed at the level of 23 133.33 - 23 000 UAH/t depending on the type of shipment. Gasoline A-95 was trading when shipped by vehicle, and prices formed at 24 600 UAH/t. Quotes for diesel fuel on terms of shipment by road was formed at 19 070 UAH/t.
"Today, the market expressed a strong demand and there are several factors. First, the national currency has become more volatile, prompting market participants to expect its stabilization. Secondly, in winter demand for petroleum products has fallen slightly, and today it has become a major factor in the low demand on the market. In global markets, we are seeing similar dynamics of trading," – said CEO of Ukrainian Energy Exchange Oleksandr Kovalenko.
Ukrainian Energy Exchange is an open trading platform, where manufacturers and suppliers of goods meet and form fair market price for each of the market participants. Trading in energy markets include organizing and conducting electronic spot trading in goods, which over time will create the necessary liquidity to launch futures energy market.