Stock market gasoline prices in Russia eased slightly after a month of rapid growth

MOSCOW, May 15 (Reuters) – Average wholesale prices of high-octane motor gasoline AI-92 and AI-95 on the Saint Petersburg International Commodity Exchange (SPIMEX) halted their gains on Monday amid weakening demand and fell moderately in the second trading session A day after a sustained rally , which has been developing since the beginning of April, the stock exchange data showed. Traders point to a clear decline in wholesale demand activity due to the significant difference in wholesale prices, but believe that this is not a reversal, but merely a short respite followed by a likely resumption of gradual price increases. “The stock market has moved forward quickly and in many regions small wholesale prices are still attractive, which has made the stock market uninteresting. There is an offer, but the sales volumes fell because they did not buy at such prices,” explains the participant in exchange trading. According to another trader, stock prices have reached a level where buyers will already start to build fuel reserves. “Now we have reached levels where there is some resistance to further growth. There is no longer the marginality of the past at gas stations. It makes no sense to collect for the future, to create long-term reserves at such (price) levels, ”a large wholesale customer shares his opinion on the exchange. According to market participants, after a short correction, the prices of wholesale gasoline batches on the exchange may rise sharply again. “We need to look at the dynamics of a small warehouse. Small wholesale will certainly increase, then wholesale will go – demand will come back and raise prices. Gas station margins are bad, but oil companies have started to gradually increase retail prices, which supports private traders, so we will probably continue to raise prices soon,” said the trader. Average wholesale prices and primary sales volumes of AI-92, AI-95 based on the results of stock exchange listings on SPIMEX in 2021-2023 are presented below: RUB/t of AI-95 sales AI-92+Ai-95 per RUB/t per day, tonnes per day, tons per day, tons 1.901 22.625 54.897 12.715 35.339 Feb 51.741 18.181 54.321 10.285 28.466 Mar 43.667 19.638 47.100 10.508 30 0.146 Apr 4 1.507 22.385 45.202 10.834 33.218 May 38.471 25.104 42.414 12.4 69 37.574 June 38.705 24.512 42.243 11.739 36.250 July 40.394 21.971 45.527 12.082 34.053 Aug 46.673 18.778 53.187 11.186 29.964 Sep 42.609 19.448 46.022 11.507 30.955 Oct 36. 870 21.620 38.883 11.137 32.757 Nov 35.519 21.802 39.029 11.258 33.060 Dec 36.287 22.667 41.549 12.524 35.191 0 2023 42.557 19.44 2 47.350 10.975 30.4 Jan 17 34.533 22.683 39.390 13,190 35,873 Jan 24 32,861 28,609 37,661 14,013 42,622 Feb 0 36,973 20,429 40,622 11,443 31,872 06 Feb 33,932 19,285 38,167 12, 10 .520 31.243 05.04 .2023 50,802 18.1 31 57,086 10,226 28,357 05/05/2023 51,562 19,832 58,078 9,676 29,508 10/05/2023 52,287 19,048 59,136 11 .005 30,053 11.05.20 23 52,311 19.10 Wholesale prices for AI-92 and AI-95 gasolines and sales volumes at certain bases in based on the results of the SPIMEX exchange on May 15 (compared to the results of quotations on May 14 and April 14, 2023): Refinery Average price Change Sales volume Change Change May 15, rub/t price until May 12 15, tons price by 14 volume up to May 14, rub/t Apr, rub/t Apr, tonnes Gasoline AI-92 Yaroslavl NOS 52.466 -1.059 480 5.702 -180 Komsomolsk Refinery 55.414 -1.036 720 -3.869 420 Ukhta Refinery 52.000 -857 120 7.2 00 – 60 TANECO 50.040 – 760 915 5,811 -305 Ryazan NPK 52,702 -584 900 5,622 180 Ufim refinery group 50,071 -5 05 1,740 4,942 300 TAIF-NK 50,125 -400 854 5. 631 – 549 Refinery Saratov 52,400 -400 600 4,912 120 Volgograd Refinery 53,627 -225 600 5,568 -60 OrskNOS 51,500 -193 60 5,949 0 Surgut ZSK 49,395 -170 1,260 4,566 -90 0 Nizhny NovgorodNOS 51,389 -170 1,800 5,148 240 Moscow Refinery 52,559 -75,660 5.4 2 7 60 Samara refinery group 51,680 -28 1,080 5,278 – 60 PermNOS 51 278 -5 480 6 233 -120 Gazpromneftekhim Salavat 50 365 – 1 140 4 980 60 Yaya oil refinery 51 863 163 480 3 496 3 00 Angarskaya petrochemical complex 52 107 218 600 -448 240 Omsk Oil Refinery 50,966 682 1,200 4,340 – 120 Gasoline AI-95 Komsomolsk Refinery 58.720 -1.006 600 -2.722 240 TANECO 58.056 -886 976 8.056 793 NizhegorodNOS 58.975 -514 780 7.807 60 Raf ineria Omsk 55,015 -336 1,500 5,096 60 YaroslavlNOS 59,495 -327 480 8,417 -180 Ufimskaya Refinery Group 58,197 -310 78 0 8,317 -540 Angarskaya Petrochemical Complex 60,600 -201 240 4,799 0 Ryazan Petrochemical Complex 60,209 -199,900 8,178 0 Volgograd Refinery 62,684 -36,300 8.0 79 0 Antipinsky Refinery 56,340 – 3 00 5,960 0 PermNOS 58,840 40 180 8,720 0 Samara Refinery Group 59,778 48 1,800 8,091 180 Saratov Refinery Z 61,220 52,360 8,028 -180 Moscow Refinery 59,856 102,720 8,514 -180 Surgut ZSK 58,384 578 60 8,884 0