Do you expect a fuel deficit and price growth in Ukraine because of sanctions on Constanta port

Constanta port. Photo: Wikipedia

Key Wholesale Players form October Deliveries without the involvement of the Romanian port of Constanta, which is likely to fall under Ukrainian sanctions. Despite the importance of the port in logistics, traders do not predict a shortage of resource or a significant jump in prices. This is indicated by the results of the survey conducted by Enkorr.

According to one of the respondents, in the first two weeks of October, all shipments from Constantz will definitely undergo a reinforced check. It is about marine parties and rail supplies. The reason is the large volume of Indian product received in September, about 200 thousand tons.

“The Romanian side asked to delay the sanctions at least the first half of October to realize significant remains of Indian fuel. The Ukrainian side refused, ”one of the big traders on the conditions of anonymity said.

In the future, the profile Ukrainian bodies are expected to track the arrival of tankers to Constanta.

“Now all indicates that in the event of new parties of Indian fuel or other suspicious cargoes, the reinforced inspection regime will continue for another two weeks or a month,” said the trader, who wished to remain unnamed.

In parallel, information that the State Romanian Port administration negotiates with tenants – Vitol, Oscar, Socar, Euronova – to develop a common position on the abandonment of toxic import areas of import and to keep deliveries to Ukraine, which accounts for 47% of the Constantine.

At the same time, according to one of the interviewees, it is further expected to be included in the list of unwanted areas of Turkey, which provides a significant share of Constanta’s turnover.

Concerning the adequacy of diesel imports under Constantine restrictions, traders interviewed do not see significant risks. According to current information, about 30 tankers from Greek refineries, which are divided between AGTG, KemExon (the main recipient of Energo Trade BP) and D.Trading, have already been filled in October in October.

“Among the risks are weather conditions that can cause tankers delay. At the same time, the possibility of softening Constanta sanctions is always left, ”one of the traders said.

In terms of prices, traders say that Greek manufacturers raised bonuses by about $ 5/t. In addition, the freight can rise in price by $ 5-10/t because of the noticeable demand for small tankers.

“On average, the cost of fuel from the southern direction can increase to 50 kopecks/l. For the wholesale segment, these are working fluctuations, so gas stations are unlikely to adjust prices because of such minor changes, ”one of the interviewees said.

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