Railway product prices jumped 14% m/m in February for Ukraine exports

26 April 2021

Ukraine’s export prices for railway products, sold mostly by the largest producer, Interpipe (INTHOL), were USD 1,496/t in February, which is 14% more m/m and 19% less yoy, according to Concorde Capital's analysis of State Statistics data released on April 19.

 

The February prices are 8% above their 4Q20 average, Concorde Capital’s calculations show. The January-February average price is 1% above the 4Q20 average.

 

Dmytro Khoroshun: Interpipe’s railway product prices have apparently stabilized after Russia’s ban on imports from Ukraine(in place since Feb. 9).

 

It could be that the ban forces the Russian consumers to create additional demand for non-Ukrainian volumes that used to go to the related Belarus market, creating opportunities for Interpipe.