Dynamics of changes in some economic segments (12.10- 17.10.2009)
On Oct.12-16, the average price on Azeri Light CIF Augusta exported from Azerbaijan via the Ceyhan and Batumi ports was $74.4 per barrel, or $4.5 more than the previous price.
The maximum price was $76.74 per barrel. The minimum price was $72.61.
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 $71.5 per barrel, or $4.8 more than the previous price.
The maximum price was $73.85 per barrel and the minimum - $69.7.
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 $72.3 per barrel, or $4.5 more than the previous price.
The maximum price was $74.93 per barrel and the minimum - $70.53.
Brent Dated's density is 38.3 degrees API with a sulfur content of 0.36 percent.
Oil prices on Friday reached its highest level over the past year, rising 1.2 percent on the backdrop of the news about the growth of industrial production in the United States. As a result of trades on Oct. 16, on the New York Mercantile Exchange the price of futures for WTI crude oil with delivery in November rose by $0.95 to $78.53 per barrel. On the InterContinental Exchange in London, the December contract for Brent Crude oil rose in price by $0.76 to $76.99 per barrel. On September 22, the duration of the October contract expired. The November contract price rose $1.49, reaching $69.86 per barrel.
Last week the official rate of the manat against the US dollar, set by the Central Bank of Azerbaijan, consolidated 0.0004 points or 0.04 percent. The average rate was established at 0. 0.80331 manats to 1 U.S. dollar.
Last week the maximum rate of the US dollar compared to manat was established on Oct. 12 (0. 8034 manats to 1 U.S. dollar) and minimum on Oct. 15 (0.8029 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 0.0005 points (0.05 percent). The average rate was fixed at 0.80314 to 1 U.S. dollar.
Deals concluded last week at BEST with transition to currency (T+0) comprised: Oct. 12, no deals were concluded, the average sustained rate was 0. 8034 manats to 1 U.S. dollar, Oct. 13, $2.655 million with the average sustained rate of 0. 8033 manats to 1 U.S. dollar, and Oct. 14, $2.01 million with the average sustained rate of 0. 8031 manats to 1 U.S. dollar, on Oct. 15, $5.685 million with the average sustained rate of 0. 803 manats to 1 U.S. dollar, and on Oct. 16, $2.653 million with the average sustained rate of 0. 8029 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 shares
Last week the price of the privatization vouchers dropped one manat, purchase was 7 manats, and sale - 8 manats. Earlier, prices for purchase was 8 manat and sale - 9 manat, which is explained by reduction of rates of state property privatization, as the State Property Committee is currently undergoing structural transformation.
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.