What information does the market have in the trading session? Vietnam gasoline prices increased to a 7-year record, world prices of urea and ammonia hit a record high and the market prospered, securities companies made positive profits… Here are the main contents of 3 notable news in today's trading session Thursday, October 28.
1. Petrol prices in Vietnam increased to a 7-year record
On October 25, the price of gasoline in Vietnam was recorded at $1,081/liter. This level is 12% lower than the world average (currently $1.23/liter), ranked 64th, according to updated statistics of retail gasoline prices of nearly 160 countries and territories Global Petro Prices.
In the group of ASEAN countries, the price of gasoline in Vietnam is higher than that of two neighboring countries, Malaysia ($0.494/liter), Indonesia ($0.795/liter) and lower than Thailand ($1,211/liter), Laos ($1,337). /liter).
For many years, Vietnam is often in the top 40 lists of countries and territories with the cheapest fuel prices in the world. In April 2020, Global Petro Prices provided data showing that Vietnam's gasoline prices were the 20th lowest in the world. Thus, after a year and a half, the price of this item has increased, pushing Vietnam's ranking down 40 places.
Venezuela is still the country with the cheapest gasoline in the world, only 0.001 USD/liter; Iran ranked second with 0.06 USD/liter. Meanwhile, people in Hong Kong (China) are spending $ 2,648 to buy 1 liter of gasoline, the highest in the world. Ranked second in the ranking of countries with the most expensive gas prices, the Dutch have to spend 14% less than Hong Kong.
According to the assessment of Global Petro Prices, countries have access to the common gasoline price of the world, but in each market, the retail price is different due to different tax and subsidy policies.
World prices of urea and ammonia hit a record high again
Ammonia prices increased due to reduced supply in Europe while demand in North America remained strong. For example, Yara Company has increased the selling price of ammonia in Florida - USA to 825 USD/ton CFR for delivery in November 2021, compared to the old price, this increase is up to 160 USD/ton - a record increase in price. in a short time. Or US company CF has offered ammonia for delivery in the North Dakota and Iowa areas up to $ 1,200 / ton.
For urea, after 1 week of slow trading, this week urea price increased to a new record. In Ethiopia, EABC Agricultural Corporation had to delay the bidding package to buy 800,000 tons of urea and 1.2 million tons of NPS for the 2022 crop because the price has increased too quickly and strongly. In Nepal, supplier Swiss Singapore won the KSCL company's bid package of 25,000 tons of urea at a price of up to $949/ton CIP.
Thus, the cost of imported urea in Nepal is equivalent to 22,000 VND/kg. In Southeast Asia, countries that import 100% of urea such as Thailand, Cambodia, Laos, Myanmar and the Philippines have suffered heavy consequences of the global fertilizer price fever. In the global fever, looking back at the market and fertilizer prices in Vietnam, the domestic price level is somewhat lower than the world price, specifically, the retail price of urea in the Southern region is about 16,000 - 17,000. VND/kg.
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