In this note, we will discuss the latest data related to commodity exchange transactions, focusing on the steel sector. The market has started to fluctuate at the beginning of the week, but most likely in the first days of the week we will see a stable trend in trading and we will not see significant positive and negative changes in steel exchange prices due to the heavy atmosphere prevailing in the reform of steel pricing. Was. For more aspects of the subject, please stay tuned to Artan Press until the end of this article.
*** Evaluation of the general outline of the commodity exchange
Commodity exchange industrial hall transactions regarding the supply of various types of long steel sections were initially weak and dubious; But more; Recognizing buyers about the probability of transactions of more than 50%, the total volume of supply and a 5% increase in the base rate coefficient for the supply of long sections of steel from 75 to 80%; Demand for supply increased, and after about three weeks of resistance, it finally entered the field.
*** Outlook on price coefficients in long sections
Out of a total of 137,201 tons of steel supplies on the last day of last week, the Industrial Hall of the Commodity Exchange, about 72,657 tons, ie about 53% of the total volume of supplies were welcomed by buyers in the main ring of the Industrial Hall of the Commodity Exchange. , This week, if the current style sheet is valid; Coefficient of determining the base rate for long steel sections with 5% increase; 80% will be done.
*** Commodity exchange arrangement for steel trades
A total of 258,691 tons of long steel sections in 60 rows were announced on the commodity exchange board on Wednesday, of which 46,847 tons were beams, 206,426 tons were rebars, and finally 5,418 tons. There will be tons of angles and studs.
*** Evaluate sheet transactions
The most common topic in the steel market is steel sheet in all sub-sectors. According to the latest data recorded in systems such as Behin Yab, less than 43% of the securities have been traded on the commodity exchange, which shows that the situation in the securities market has gone in a direction where there is no buyer trading on the stock exchange. Complete new steel market pricing policies.
*** Check the coefficients for determining the base rate
We are still not sure about the 80% coefficient for determining the base rate of long steel sections in the commodity exchange, because despite the fact that last time, the demand in the past week was 53% of the total supply volume and the signal was issued 75 to 80%; But perhaps the market maker will consider the same 75% factor by considering some considerations, such as considering the demand for rebar and beams separately.
*** Incomplete supply queue in the commodity exchange
According to the final statistics published on the website of the Commodity Exchange, out of 32,400 tons of various types of steel sheets that were mentioned in the supply announcement, only 19,600 tons made it to the trading board and the rest, ie 12,800 tons, were registered without a request. It was the opening of transactions. Out of 19,600 tons of sheets on the board, there was only 13,850 tons of demand, and finally the volume of all types of steel sheets traded as matched or non-matched reached 13,800 tons; In other words, only about 42.6% of the total supply of steel sheets was traded yesterday.
*** Ten percent fluctuation of sheet prices in the commodity exchange
Because products in the steel sheet category have no buyers, the tolerance for price reductions fluctuates around 10%. The average weighted average final price for all types of hot rolled sheets was the same as the base price of 143,995 rials, which has decreased by 10.06% compared to the previous supply of this product. Also, the average weighted average price for the colored sheet of Mobarakeh Steel was 270,594 Rials, which is the same as the base price and has increased by 12.89% compared to the previous supply of this product.
*** The role of the stock exchange observer in stabilizing prices
In the current situation, the stock market watchdog has an important role in stabilizing prices. Entering into the discussion of prices and non-approval of transactions can make the conditions for the steel sheet category more difficult. In this regard, the average weighted average final price for Mobarakeh Steel tin-plated sheet was 208,189 Rials, which has not changed compared to the base price and the discovered rate of the previous supply of this product. Because there was a risk that the stock exchange supervisor would enter into trades and cancel the agreed rates. Therefore, we saw the entry of some trades into the field of matching.
Last week, a total of 1,200 tons of hot rolled sheet B of Gilan Steel Complex were traded at a price of 143,995 Rials as a match.
*** Prices are not approved by the stock exchange supervisor
None of the supplies of G galvanized sheet was approved by the stock exchange supervisor, and of course the supply of hot-rolled sheet of Kavian Steel and galvanized sheet of Kaveh, Shahriyar Tabriz Amirkabir Kashan and Haft Diamond Industries companies were without demand. The Commodity Exchange hosted the supply of 137,201 tons of various types of long steel sections, which finally ended with the announcement of 74750 tons of these steel products, including machining transactions. Demand in the long steel market has increased over the past few weeks, but this demand is still not strong.
*** Rebar market on the verge of fluctuation
Last week, rebar transactions were made at a weighted average price of 11,282 tomans per kilo. The base price of rebar in the last day of the market last week was 11399 Tomans per kilo. It is worth mentioning that two weeks ago, the base price of rebar was 11328 Tomans per kilo. With the uncertainty of the base price coefficient and the small but stable fluctuations in the dollar exchange rate, it is likely that this week will see fluctuations in the rebar exchange rate in the commodity exchange will be.
*** Commodities of the Commodity Exchange
Orderly pricing currently on the stock exchange, including automobiles, steel, etc., considering incentives such as discount rates for petroleum refineries and the lack of significant increases in the rates of energy carriers of steelmakers, cement companies and other energy industries in the budget of 1400 Given the general rejection of the government’s proposed budget in parliament, the adjustment of bank interest rates as a factor in reducing the attractiveness of long-term investment in the stock market and the need for non-interference of officials without expertise in capital market affairs and avoiding comments that cause turmoil in this market. …, is one of the axes that can save the situation of Tehran Stock Exchange and Commodity Exchange from this mire.
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