National bank of Ukraine’s official rates as of 17/11/20
Source: National Bank of Ukraine
Official rates of banking metals from national bank as of November 17
One troy ounce=31.10 grams
The main pipe enterprises of Ukraine in January-October of this year reduced the production of pipes from ferrous metals, according to recent data, by 19.1% compared to the same period last year, to 704,000 tonnes, including 81,600 tonnes produced in October.
As the Interfax-Ukraine agency was informed in the Ukrtruboprom association, in particular, the enterprises of the association in the ten months of the year reduced the production of pipes by 28%, to 449,900 tonnes, including 48,200 tonnes produced in October.
At the same time, according to preliminary data, pipe production at Interpipe Nyzhniodniprovsky Pipe Rolling Plant for the specified period fell by 37.2%, to 120,300 tonnes (in October 14,200 tonnes), at Interpipe Novomoskovsk Pipe Plant by 27.4%, to 67,200 tonnes (8,600 tonnes). Interpipe Niko Tube cut production by 19.2%, to 245,400 tonnes (23,800 tonnes).
Director of economics and finance at Interpipe Denys Morozov told Interfax-Ukraine that the drop in production at the company’s pipe plants is due to a drop in demand for threaded pipes (OCTG) in Ukraine and the United States.
“In Ukraine, the pace and volume of new wells drilling decreased by 3-4 times compared to last year. The largest contribution to the decline was made by the state-owned company Ukrgazvydobuvannia. In addition, the market for general-purpose line pipes fell against the backdrop of a decline in the country’s GDP. The situation is similar in the United States: the rate of drilling has decreased three times. Many U.S. oil and gas companies have gone bankrupt. Therefore, the demand for pipes dropped dramatically. In addition, it is more difficult for us to compete in the market where there is a 32% duty on our products,” he said.
Dnipropetrovsk Pipe Plant (DTZ) produced 300 tonnes of pipes, while in January-October 2019 it produced 17,300 tonnes of these products. Centravis cut production by 11,5%, to 15,400 tonnes of stainless pipes (1,500 tonnes).
Trubostal plant reduced its output by 43.5%, to 1,300 tonnes of pipes (100 tonnes).
Mariupol-based Illich Metallurgical Combine, which is not part of the Ukrtruboprom association, increased its pipe production by 6%, to 127,600 tonnes (in October 16,300 tonnes), Kominmet increased by 0.8%, up to 126,400 tonnes (17,000 tonnes).
Earlier, Ukrtruboprom stated that in 2019 Ukraine reduced the production of pipes by 9.1% compared with 2018, to 1.002 million tonnes. Including the enterprises of the association reduced the production of pipes by 10.2%, to 715,100 tonnes.
Deputy Minister of Foreign Affairs of Ukraine Dmytro Senik has held talks via videlink with Deputy Minister of Foreign Affairs of the Sultanate of Oman Ahmed Yousuf Al-Harthy. These are the first talks at the level of deputy foreign ministers in the history of bilateral relations, the press service of the Ukrainian Foreign Ministry reported.
It is noted that the main topic of the conversation was practical steps that will enable intensification of the development of Ukrainian-Omani cooperation in the political, trade, economic and investment spheres.
“Ukraine and Oman have significant potential for expanding trade and economic cooperation. In particular, an increase in the supply of Ukrainian agricultural and food products to the Omani market will increase the level of food security of the Sultanate,” Senik said.
The parties noted the importance of maintaining a political dialogue between Ukraine and Oman, in particular in the format of regular consultations between the foreign ministries. In this regard, Senik invited Al-Harthy to visit Kyiv.
The Omani side also welcomed the initiative of the Deputy Minister to organize a visit of a business delegation to Muscat in order to intensify contacts between commodity producers.
According to the Ministry of Foreign Affairs of Ukraine, trade in goods between Ukraine and Oman amounted to $89.1 million (domestic exports accounted for $79.45 million) in 2019. In January-August 2020, it was equal to $78.88 million (of which Ukrainian exports was $63.78 million).
In December 2018, an export mission of Ukrainian producers visited Muscat. In April and October 2019, Ukrainian-Omani business forums were held with the participation of delegations from regional chambers of commerce and industry of North Ash-Sharqiyah and Al-Buraimi provinces. On November 6, 2019, the first round of political consultations between the Ministry of Foreign Affairs of Ukraine and the Sultanate of Oman took place in Muscat.
Arricano Real Estate Plc (Cyprus), the management company and developer of a number of shopping and entertainment centers in Ukraine, will limit the work of its trade centers in Kyiv, Zaporizhia and Kryvy Rih on weekends in accordance with the quarantine conditions until November 30.
According to a report from Arricano on the London Stock Exchange (LSE), the mall will be open an hour longer on weekdays.
Such restrictions will not significantly affect the financial results, the company believes.
Arricano Real Estate Plc specializes in the construction of shopping and entertainment centers, and is one of the leading developers on the Ukrainian real estate market. It owns and operates five shopping centers in the country with a total area of 147,300 square meters, namely RayON and Prospect in Kyiv, Soniacha Halereya (Solar Gallery) in Kryvy Rih, City Mall in Zaporizhia. The company also owns 49.9% in Sky Mall (Kyiv).
The third container train from China on a new route, which delivered 41 forty-foot containers with shoes, non-ferrous metal products, medical and pharmaceutical equipment, consumer goods and other combined cargo, arrived at the Kyiv-Lisky station.
The press service of Ukrzaliznytsia reported last week, the company has already received 17 trains from different regions of China. These trains run from Wuhan and Jinannan and carry 43 containers with various cargoes: magnesium sulfate, equipment, aluminum frames, disposable syringes, PET bottles and light industrial products.
Trains cover the distance of transportation, which is more than 9,000 km across the territory of four countries, in 15 days.
Ukrzaliznytsia will continue receiving trains from China according to a new logistics scheme with a further increase in their frequency.
“The introduction of new logistics schemes for the transportation of goods allows attracting additional cargo flows and opens up new opportunities for the users of transport services to deliver goods to their destination. This work is carried out together with the solution of pressing issues regarding tariff policy, technical re-equipment, improving the technology of the transportation process and services,” the company said.
Ukrzaliznytsia added that its branch Lisky center of transport service plans to continue active work on identifying new promising routes for container trains.
