Gas prices hit year-low; Oil prices expected to drop slightly
(Baonghean.vn) - Gas prices have dropped to their lowest level of the year; Oil and gas prices are expected to decrease slightly in the operating period on July 3, 2023; Pork prices continue to increase slightly by 1,000 VND/kg... are information about the market situation today.
Gas prices hit lowest level of the year
Many gas businesses have announced price reductions for this item starting July 1. Accordingly, after a sharp reduction in June to VND35,500/12 kg cylinder, in July, each 12 kg gas cylinder delivered to consumers will be reduced by about VND18,000-18,500, depending on the brand.
For example, Saigon Petro Company Limited announced that from July 1, its gas price will decrease by VND18,500/12 kg cylinder and the retail price to consumers will be VND347,000/12 kg cylinder.
Similarly, the City Petro gas brand also announced a reduction of VND18,000/12 kg cylinder. Accordingly, the retail price to consumers is VND385,000/12 kg cylinder; VND1,443,500/45 kg cylinder...
Thus, domestic gas prices have decreased sharply twice in a row after increasing once. Since the beginning of the year, gas prices have increased twice and decreased five times, with a total decrease of more than VND 140,000 per 12 kg cylinder. Currently, this fuel price is equivalent to April 2022.
The decline in domestic gas prices this time is due to the world gas price in July closing at 387.5 USD/ton, down 57.5 USD/ton compared to June. Currently, about 60% of domestic gas is imported, so gas prices are controlled and affected by world prices.
Gasoline prices are expected to decrease slightly in the operating period on July 3, 2023.
It is forecasted that the price of gasoline and oil in the operating period on July 3, 2023 will likely decrease slightly compared to the previous operating period. However, the adjustment level is not significant.
According to regulations, the gasoline price adjustment period is July 1. However, because Saturday is a holiday, the Ministry of Finance and Industry and Trade will postpone the announcement of the new gasoline price to Monday (July 3).
Due to the continuous decrease in crude oil and finished petroleum products prices, domestic retail gasoline prices are forecast to decrease.
Updated prices of finished petroleum products on the Singapore market up to June 28 show that petroleum products have decreased compared to prices before the previous adjustment period (June 21). For example, compared to prices on June 20, imported gasoline products on June 28 are nearly 4 USD/barrel lower, diesel is about 3 USD/barrel lower.
In the domestic market, according to some petroleum businesses, the average price of finished gasoline in the Singapore market this period (nearly 10 days) has tended to decrease compared to the previous period. It is forecasted that gasoline prices may decrease by nearly 300 VND/liter, oil prices may increase slightly or remain unchanged, this decrease/increase does not include the gasoline price stabilization fund to adjust fees, if any.
Since the beginning of the year, domestic gasoline prices have undergone 18 adjustments, including 9 increases, 6 decreases and 3 unchanged.
Previously, in the operating period of June 21, 2023, the price of 0.05S diesel was at a high level of no higher than VND 18,174/liter; the price of oil was no higher than VND 17,956/liter; the price of E5RON92 gasoline was no higher than VND 20,878/liter; and the price of RON95-III gasoline was no higher than VND 22,015/liter.
Pig pricecontinue to increase slightly by 1,000 VND/kg
Pig prices today continued to increase slightly in some localities and fluctuated between 58,000 - 64,000 VND/kg.
In the Northern region, the price of live pigs today increased slightly within a narrow range and fluctuated between 62,000 - 64,000 VND/kg. Specifically, after adjusting the price up, the price of live pigs in Hung Yen province is currently at the highest level in the region at 64,000 VND/kg.
The remaining provinces and cities have stable prices today, in which, the lowest price in the region of 62,000 VND/kg was recorded in a series of localities including Yen Bai, Lao Cai, Nam Dinh, Phu Tho, Ha Nam, Vinh Phuc, Hanoi, Ninh Binh, Tuyen Quang. The remaining localities in the region currently have live pig prices at 63,000 VND/kg.
Following the same market trend as the Northern region, in the Central Highlands region, the price of live pigs today increased slightly and fluctuated between 58,000 - 63,000 VND/kg. Accordingly, after a slight increase in price, traders in Ninh Thuan are currently purchasing live pigs at 60,000 VND/kg.
In the remaining provinces, the price of live pigs today did not record any new fluctuations. In particular, the highest price in the region of 63,000 VND/kg was recorded in Thanh Hoa. On the contrary, the lowest price in the region of 58,000 VND/kg was recorded in Dak Lak.
Except for Nghe An, Ha Tinh, and Quang Tri, which are all recording a live pig price of 62,000 VND/kg, in other localities in the region, the live pig price on June 30, 2023 stood at 60,000 VND/kg.
In the Southern region, the price of live pigs today is flat across the board and fluctuates between 59,000 - 61,000 VND/kg. Of which, the price of live pigs in the provinces of Dong Nai, Long An and Can Tho is 61,000 VND/kg - the highest in the region. Lower than one price at 60,000 VND/kg are Binh Phuoc, Ho Chi Minh City, Binh Duong, Tay Ninh, Vung Tau, Bac Lieu and Soc Trang. The remaining provinces maintain the price of 59,000 VND/kg.
Paddy prices remain stable, rice prices continue to increase
Today's rice prices (July 1, 2023) in the domestic market continue to stabilize with rice varieties, especially rice prices tend to increase by 50 VND/kg.
Specifically, at An Giang warehouse, rice prices today remained stable compared to yesterday. Accordingly, Dai Thom 8 was stable at 6,800 - 7,000 VND/kg; Nhat rice was around 7,800 - 8,000 VND/kg; OM 18 was 6,800 VND/kg; Nang Hoa 9 rice was around 6,600 - 6,800 VND/kg.
For raw rice and finished rice, today's adjustment is slightly increased by 30-50 VND/kg. Specifically, the price of raw rice IR 504 HT increased by 30 VND/kg, up to 9,950-10,000 VND/kg. Finished rice IR 504 also increased by 50 VND/kg, up to 11,000-11,350 VND/kg.
For by-products, after a slight increase yesterday, today's prices remain at 9,600 - 9,650 VND/kg for IR 504 rice bran and 7,500 - 7,600 VND/kg for dry bran.
In the export market, export rice prices continue to move sideways and remain high. Currently, the price of 5% broken rice from Vietnam is being offered at 508 USD/ton; 25% broken rice is at 488 USD/ton and Jasmine rice is stable at 578 USD/ton.
While the price of Vietnamese rice is stable, the price of Thai rice has increased to exceed that of Vietnamese rice. Accordingly, the price of 5% broken rice of this country is 510 USD/ton (2 USD higher than that of Vietnamese rice). However, the price of 25% broken rice of this country is still 8 USD lower than that of Vietnam at 480 USD/ton.
Traders said that Vietnam's rice exports are still going well due to increased demand in many markets, and rice prices have also benefited and remained high.
