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Dynamics of changes in some economic segments (23.11- 28.11.2009)

Analysis Materials 3 December 2009 12:02 (UTC +04:00)

On Nov.23-27, the average price on Azeri Light CIF Augusta exported from Azerbaijan via the Ceyhan and Batumi ports was $78.12 per barrel, or $0.85 less than the previous price.

The maximum price was $79.76 per barrel. The minimum price was $76.77.

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 $76.14 per barrel, or $0.85 less than the previous price.

The maximum price was $76.14 per barrel and the minimum - $73.08.

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 $76.56 per barrel, or $0.63 less than the previous price.   

The maximum price was $78.26 per barrel and the minimum - $75.29

Brent Dated's density is 38.3 degrees API with sulfur content of 0.36 percent.

As a result of trades on Nov. 30, on the New York Mercantile Exchange the price of futures for WTI crude oil with delivery in January increased by $1.23 to $77.28 per barrel. On the InterContinental Exchange in London, the January contract for Brent Crude oil increased in price by $1.29 to $78.47 per barrel.

Currency market

Last week the official rate of the manat against the US dollar, set by the Central Bank of Azerbaijan, dropped 0.0002 points or 0.02 percent. The average rate was established at 0.8025 manats to 1 U.S. dollar.

Last week the maximum rate of the US dollar compared to manat was established on Nov. 23-24 (0. 8026 manats to 1 U.S. dollar) and minimum on Nov.26-27 (0.8024 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), consolidated by 0.0014 points (0.14 percent). The average rate was fixed at 0.80176 to 1 U.S. dollar.

Deals concluded last week at BEST with transition to currency (T+0) comprised: Nov.23, deals were not concluded and therefore the rate remained on the previous level - 0.8026  manats to 1 U.S. dollar, Nov. 24, $4.3 million with the average sustained rate of 0. 8026 manats to 1 U.S. dollar, and Nov. 25, $24.26 million with the average sustained rate of 0.8012 manats to 1 U.S. dollar, on Nov. 26, $40.6 million with the average sustained rate of 0.8012  manats to 1 U.S. dollar, and on Nov. 27 , deals were not concluded and therefore the rate remained on the previous level  0.8012 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 consolidated one manat, purchase was 8 manats, and sale - 9 manats. Price rise in vouchers is explained by activation of rates of state property privatization through investment competitions. Earlier, the prices were low, as the State Property Committee currently underwent 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.

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