Dynamics of changes in some economic segments (21.09- 26.09.2009)
On Sept. 21-25, the average price on Azeri Light CIF Augusta exported from Azerbaijan via the Ceyhan and Batumi ports was $68.3 per barrel, or $1.7 less than the previous price.
The maximum price was $70.83 per barrel. The minimum price was $66.
Azeri Light's density is 34.6 degrees API with a 0.14-percent sulfur content.
The average price on Urals (Ex-Novo) exported from Azerbaijan via the Novorossiysk port was $65.5 per barrel, or $1.8 less than the previous price.
The maximum price was $68.09 per barrel and the minimum - $63.05.
Urals' density is 32 degrees API with a sulfur content up to 1.3 percent.
The oil grade's specifications vary when sold depending on its high/low-quality content.
The average price on Brent Dated was $66.9 per barrel, or $1.4 less than the previous price.
The maximum price was $69.65 per barrel and the minimum - $64.64.
Brent Dated's density is 38.3 degrees API with a sulfur content of 0.36 percent.
Oil prices on Friday took a break after a sharp fall in the previous two days, completing trades with insignificant growth. The reason for the purchases was a new wave of concern about Iran's nuclear program and improvement of consumer sentiment in the United States outweighing the negative data on orders for durable goods and housing market.
As a result of trades on September 26, on the New York Mercantile Exchange the price of futures for WTI crude oil with delivery in November rose by $0.13 to $66.02 per barrel. On the InterContinental Exchange in London, the November contract for Brent Crude oil rose in price by $0.29 to $65.11 per barrel.
Additional support for the market on Friday was the U.S. consumer sentiment index calculated by the University of Michigan. The final release of the September index showed growth of sentiment to 73.5 points (provisional figures - 70.2 points) compared to 65.7 points a month earlier. The September level of the indicator was the highest in more than one and a half year.
Last week the official rate of the manat against the US dollar, set by the Central Bank of Azerbaijan, dropped 0.0001 points or 0.01 percent. The average rate was established at 0. 0.80332 manats to 1 U.S. dollar.
Last week the maximum rate of the US dollar compared to manat was established on Sept. 24 and 25 (0. 8034 manats to 1 U.S. dollar) and minimum on Sept. 23 (0.8032 manats to 1 U.S. dollar).
As a result of last week's exchange rate of the Azerbaijani manat to the U.S. dollar, established based on results from the Baku Inter-bank Currency Exchange (BICEX), dropped by 0.0001 points (0.01 percent). The average rate was fixed at 0.80294 to 1 U.S. dollar.
Deals concluded last week at BEST with transition to currency (T+0) comprised: Sept. 21-23. no deals were concluded and the average sustained rate was 0. 8029 manats to 1 U.S., Sept. 24, $3.29 million with the average sustained rate of 0. 8030 manats to 1 U.S., and Sept. 25, $0.27 million with the average sustained rate of 0. 8030 manats to 1 U.S. dollar.
No deal was concluded with USD/AZN T+1, T+2 and SWAP_USD/AZN due to an absence of appeals by dealers. Appeals were not received on RUB/AZN and EUR/AZN (Ň+1, Ň+2).
Market of privatization vouchers
Last week the price of the privatization vouchers decreased one manat and purchase was 8 manats, and sale - 9 manats.
The validity period of the vouchers will expire on Jan. 1 2010. So far, around 75 percent of vouchers has been derived, and another extension of their validity period remains uncertain.