Business news from Ukraine

Business news from Ukraine

UKRAINE IMPORTS NATURAL GAS WORTH $1.1 BLN IN SIX MONTHS

Ukraine in January-June 2019 imported 4.863 billion cubic meters of natural gas for a total of $1.060 billion, in particular in June 1.372 billion cubic meters for $259.638 million, according to the State Statistics Service.
Thus, the average price of gas imported by the country in June 2019 amounted to $189.3 per 1,000 cubic meters, which is 7.8% less than in May 2019 ($205.3).
The counterparties for the six months of 2019 were companies from Switzerland with 1.732 billion cubic meters of gas for $372.82 million, Germany with 1.567 billion cubic meters for $329.671 million, Hungary with 356.061 million cubic meters for $72.895 million, the Czech Republic with 246.071 million cubic meters for $51.799 million, Poland with 292.817 million cubic meters for $63.78 million, Austria with 224.315 million cubic meters for $63.597 million, France with 172.724 million cubic meters for $38.518 million, the UK with 106.64 million cubic meters for $28.751 million, Luxembourg with 88.627 million cubic meters for $23.159 million, Slovakia with 57.583 million cubic meters for $11.23 million, Italy with 16.893 million cubic meters for $3.487 million, and Bulgaria with 1.4 million cubic meters for $255,000.
Gas was not imported from Russia for the indicated period.

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UKRAINE BOOSTS IMPORTS OF COKE BY 13%

Ukraine reduced coke and semi-coke exports by 61% year-over-year, to 6,891 tonnes in January-April 2019.
According to customs statistics, published by the State Fiscal Service of Ukraine, coke and semi-coke exports were down 65.2% in monetary terms, to $1.652 million.
The majority of deliveries were made to Belarus (22.4% in monetary terms), Romania (20.22%) and Moldova (17.68%).
Imports of coke and semi-coke rose by 12.9%, to 651,259 tonnes in January-July 2019, worth $200.694 million (15% up). The goods were mainly imported from Russia (84.36% in monetary terms), Poland (9.98%) and Egypt (3.74%).
As reported, Ukraine cut coke and semi-coke exports by 88.6% year-over-year to 25,578 tonnes in 2018. Imports of coke and semi-coke fell by 45.8%, to 839,757 tonnes in 2018, worth $251.724 million (44% down).
Some coalmines and coking plants in Ukraine are located in Russia-occupied areas of Donetsk and Luhansk regions in eastern Ukraine.

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UKRAINE INCREASES IMPORTS OF COPPER BY 22%

Ukrainian enterprises increased imports of copper and copper products in terms of money by 22.1% in January-July 2019 compared with similar period of 2018, to $63.366 million.
Exports of copper and copper products decreased 48.3% over the year to $52.164 million, according to customs statistics released by the State Fiscal Service of Ukraine.
In July, copper and copper products were imported to the tune of $10.336 million, and copper exports were estimated at $5.990 million.
In addition, through seven months of 2019 Ukraine decreased imports of nickel and products made of it by 10.1%, to $52.833 million (imports in July were estimated at $8.520 million), while imports of aluminum and products made of it increased 8.4%, to $228.420 million ($40.390million). Imports of lead and products made of it decreased by 1.7%, to $7.481 million ($1.143 million) and imports of tin and products made of it decreased 17.4%, to $2.038 million ($377,000). Imports of zinc and zinc goods decreased 18.7%, to $41.868 million ($9.384 million).
Exports of aluminum and products made of it decreased 27.4% in January-July 2019, to $60.540 million ($9.177 million in July alone), while shipments of lead abroad decreased 34.1%, to $14.914 million ($2.432 million). Exports of nickel fell by 39.8%, to $3.267 million ($0.274 million in July).
Zinc exports in January-July 2019 amounted to $385,000 ($28,000 in July) compared to $148,000 in January-July 2018.
Exports of tin and products made of it in January-July 2019 were estimated at $30,000 (some $1,000 in July) compared to $269,000 in January-July 2018.

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UKRAINE RAISES IMPORTS OF ALUMINUM ORE BY 10%

Ukraine in January-July of this year increased imports of aluminum ore and concentrate (bauxites) in natural terms by 9.8% compared to the same period in 2018, to 3.42 million tonnes.
According to customs statistics released by the State Fiscal Service, during this period bauxite imports in monetary terms increased by 21.3%, to $133.376 million.
At the same time, imports were mainly from Guinea (58.31% of deliveries in monetary terms), Guyana (36.62%), and Brazil (2.19%).
In January-July 2019, some 22 tonnes of bauxite were exported to Poland for $1,000, whereas in January-July 2018 some 45 tonnes of bauxite were re-exported to Poland for $5,000.

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UKRAINE BOOSTS IMPORTS OF IRON ORE BY THREE TIMES IN 7 MONTHS

Ukraine’s ore mining enterprises increased imports of iron ore and raw materials (IORM) in physical terms by 33.6% in January-July 2019 year-on-year, to 775,935 tonnes.
Import of IORM for the mentioned period in monetary terms grew by 26.4%, up to $143.995 million, according to a State Fiscal Service of Ukraine customs statistics report.
The bulk of iron ore was imported from Ghana (74.74% of total imports in monetary terms), Russia (20.74%), and Georgia (3.95%).
In January-July 2018, Ukraine exported 18,983 tonnes of IORM worth $1.693 million to Czech Republic (30.38%), Hungary (28.43%) and Slovak Republic (23.29%), while through seven months of 2018 the country exported 29,491 tonnes for $2.144 million.

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UKRAINE CUTS IMPORTS OF NICKEL ORE

Ukraine in January-July 2019 decreased imports of nickel ore and concentrate in natural terms by 15.5% compared to the same period in 2018, to 753,532 tonnes.
According to customs statistics released by the State Fiscal Service, in monetary terms nickel ore imports fell by 15.4%, to $36.866 million.
At the same time, imports were made from Guatemala (50.54% of deliveries in monetary terms), and Indonesia (49.46%).
Through the seven months of 2019, Ukraine exported 7,999 tonnes of nickel ore for $312,000 to Greece, while it did not export and re-export these products over the same period a year ago.
As reported, Ukraine in 2018 increased imports of nickel ore and concentrate in natural terms by 10% compared to the same period in 2017, to 1.445 million tonnes, in monetary terms imports rose by 8%, to $69.325 million. Imports were made from Guatemala (67.88% of deliveries in monetary terms), and Indonesia (32.12%).
Pobuzke Ferronickel Combine (part of Solway Group) imports nickel ore to Ukraine.
The plant processes about 1.2 million tonnes of ore a year.

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