DYM Resources is quoted by a leading Russian business media RBC

Most visited Russian business news agency RBC (RosBusinessConsulting) has quoted DYM Resources’ Managing Director Denis Varaksin. This shows in-depth knowledge of commodities market by our team.

The issue in hand is a situation with a Ukrainian trader Cantarell Trading that took responsibility for illegal supplies of diesel to Ukraine from the Orsk oil refinery, which belongs to Mikhail Gutseriyev’s ForteInvest.

In 2017, Cantarell Trading signed a contract with ForteInvest for the supply of diesel fuel to the Republic of Turkey. During the process of diesel fuel transportation Cantarell Trading decided to redirect the vessel to Ukraine, which became the reason for initiation of criminal case on smuggling by law enforcement agencies of the Russian Federation.

According to Interfax-Ukraine News Agency, The Federal Service for Technical and Export Control introduced a special authorization-based procedure for importing oil products to Ukraine back in 2015.

“Everyone on the Black Sea market knows about the procedure and everyone follows these requirements,”

Denis Varaksin, Managing Director of the trading company DYM Resources GmbH.

More details on this topic is available in Russian on RBC news website.

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Turkey imports Russian petcoke

Turkey increases imports of Russian petcoke 10 times

Total imports of Russian green (non-calcined) petroleum coke to Turkey increased to 28 483 tons in July compared to only 2 796,50 tons in January this year according to customs data compiled by DYM Resources.

Russian petcoke import to Turkey reached 77 935,93 Mt during first 7 months of 2017, while at same period last year there was no imports from Russia.

Prices for Russian petcoke impors to Turkey were rising from January to March, total gain was more than 9,00 USD per ton. In June prices went up another 2,00 USD per ton, while in July prices dropped back to May levels. Price ease happened on the back to supplies increase from Russia from 19 500 tons in June to almost 28 500 in July.

Import of petcoke from Russia is about 3,3% of total green petcoke Turkish imports at the same period. North and Latin American are still dominant supplies of petroleum coke to Turkey. Most of this product is medium sulphur petroleum coke.

Turkey is one of the biggest petcoke importers in Black Sea and Mediterranean region. Main consumers of green petcoke in Turkey are cement producers that use petcoke as fuel for their lime kilns.

Turkey imports of Russian green petcoke (HS 271311) in 2017

  • Metric ton

DYM Resources supplies fuel grade medium and high sulphur green petcoke.

Please check specifications of the petcoke we supply and contact us with any of your inquiry.

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russian petcoke exports

Russian Petcoke Exports to Turkey Can Exceed 1M Tons

Russia has the potential to export more than 1 million tons of green petroleum coke (petcoke) to Turkey, DYM Resources senior trader Yury Burenko said in an interview with World Coal News. The interview on Russian petcoke exports was conducted during the 2016 Mediterranean Coal Markets Conference.

This conference is organized by the Metal Expert Group, and took place September 22 to 23, 2016 in Istanbul, Turkey.

“There are 10 delayed coking units operating in the country. Three of them, with 1.5 million ton capacity in total, were put on stream in the summer of 2016,” Burenko said.

Russia will continue building new petcoke units as the country is set to improve refining depth and increase light oil product output. The modernization program could last until 2022.

“The supplies from Russia into the Turkish market might exceed 50,000 to 100,000 tons per month next year if there are factors to contribute to the increase,” Burenko said. “Among them [are] subdued demand in the Russian domestic market, a weak ruble and high coke prices in Turkey.”

Burenko also explained why Russian petcoke exports are growing recently.

“Taxation changes were among the drivers for the upturn in petroleum coke exports. With the so‑called tax maneuver, the export duty on petroleum coke set on a monthly basis has fallen 16‑fold since the start of last year, from $180/t to $11/t.”

“Russia did not export petroleum coke at all two years ago. The duty is $5.9/t in October 2016,” Burenko added.

DYM expects the government will keep supporting Russian petcoke exports by launching reduced tariffs for railway transportation. Shipments of petroleum coke on the same routes are now much more expensive than coal ones, which we find groundless, as coke is a byproduct of a high‑tech process boosting competitiveness for Russia’s refining industry. This is what must be supported.

You can read full interview with DYM Resources below.

DYM Resources is a trading company specializing in both fuel and anode grade petroleum coke sourced from Russia and former USSR counties, as well as Eastern European countries.

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