The review of the performance of the Commodity Exchange in April was an excuse for a macro view of the situation of the Commodity Exchange in the new year and the disputes that are entering the Commodity Exchange by the market maker. This year, despite the exchange rate fluctuations, the reception of offers was considerable. Despite the boom in ingot and scrap iron trading, we have seen a slump in the long-term market this month. Please stay with Artan Press until the end.
*** The effect of exchange rate on the performance of Iran Commodity Exchange
Iran Commodity Exchange in the first month of this year, despite the Nowruz holiday, initially started its movement based on competitive prices. But experience has shown that the exchange rate has a significant impact on society’s inflation expectations. Therefore, the performance of the commodity exchange this month was strongly dependent on the exchange rate. The movement of the domestic steel market on the exchange rate and maintaining a certain distance from the export rate with the market-making management of Schalke was the main performance of the stock exchange in April this year.
*** Uncertain behavior of commodity exchange in relation to foreign exchange risk
Because commodity markets such as commodity exchanges do not have strong information about the exchange rate trend in the current situation. Can not show clear and predictable behavior. Now, in a way, the foreign exchange markets, like most of our markets, are suffering from a kind of uncertainty and confusion over the output of Barjami news. These days, Borjami shocks have strongly affected the performance of the commodity exchange. In practice, the performance of the Commodity Exchange in April can be a real example of fear and hope in the market. Most investors and suppliers were in limbo this month. The rational choice in the April Commodity Exchange was patience and watching the market.
*** Commodity exchange performance in the shadow of the market maker
In commodity exchange trading in April, the trend line moved towards price increases. The country’s steel market is one of the few domestic markets that despite this recession; With the management of the steel market, on export prices; Over the past few weeks, the base rate of supply has increased consecutively, and the largest price increase this week has been with an increase of 3 to 4 percent. This caused the performance of the commodity exchange to move upwards, despite the fall in the price of the dollar.
*** Supply engineering in April transactions
What happened in the Commodity Exchange in April more than ever showed the performance of the Commodity Exchange was the issue of supply engineering by the market maker. In the past, supply engineering in the commodity exchange was done with the lack of maximum supply in the commodity exchange and the creation of artificial shortages and the creation of an atmosphere of false competition of demand in the commodity exchange. But now the curtains have been lifted and there is no more opposition or pressure in the domestic pricing debate. Market maker these days on global steel prices and exchange rates; Determines the base prices of the domestic supply of steel at certain intervals; Now, domestic demand, whether it welcomes it or not
*** Successful record of the stock exchange in attracting raw materials
Commodity exchange performance record shows that the performance of steels and basic metals in commodity exchange has been successful in supplying raw materials. Based on the parameters of the commodity exchange, we saw an increase in the absorption of raw materials in the domestic market and a jump in production was achieved in industry. And we were over 210,000 tons of lump iron ore with a grade of 53 to 57 percent, which is a 7 percent increase over the same period last year.
*** Conservatism; The most important performance indicator of the commodity exchange
The performance of the Commodity Exchange in April of this year was strongly dependent on market-making behavior. We actually saw the bias of trading baskets, which will continue to hurt the market. In April, we saw for the second time that a very strong and prominent company, by arranging its supply portfolios in a completely purposeful and specific way, is trying to reject the demand. This approach succeeded in appearing in the Commodity Exchange Hall, as most of the time; At least play its part in balancing the domestic market and distributing its product through the commodity exchange.
*** Beam record in Commodity Exchange
Regarding the performance of the Commodity Exchange in the steel sector, it should be noted that the ups and downs of the beam were not so serious last month. The long periods in the sinking of the moon did not have much luck in the offers. Buyers saw no incentive to enter the market. However, the hope of rising iron ore prices pushed up the price of this commodity, but most of the beams offered in the commodity exchange are still without customers. It is likely that the additional supply will be worse in terms of supply in the May market if the dollar price decline is more noticeable.
*** Silence in the cold sheet trading of commodity exchanges
Regarding the performance of the Commodity Exchange in the cold sheet sector, it should be noted that the cold sheet faced a decrease in price by the end of April. The market was waiting for the general situation of the stock market until Tuesday this week, but the demand is limited and the prices do not have the capacity to increase. Due to the approaching export rates and the free market, the price of cold rolled steel is staggeringly unjustifiable. Most likely, we will see a decrease in the supply of cold sheets in the Commodity Exchange in May, because the production line has no price justification due to the rising price of ingots.
*** Commodity exchange performance affected by global markets
In April, the Iranian Commodity Exchange strangely received credible signals from global markets. The performance trajectory of the Commodity Exchange in Froudein shows that the Iranian Commodity Exchange has converged with world prices. The rise in world prices with the fall in the dollar in April is not justified by convergence. Therefore, global price growth should not be considered as the basis for price growth in the Iranian Commodity Exchange.
We do not know how long this supercycle or the big wave of global price increases that started about a year ago will continue.
*** Price growth in the absence of demand
The growth of the world market in a situation where the inflation expectations of commodity exchange traders have decreased should not lead to the welcome of buying in the Iranian market. The performance of the stock market shows that this growth in the Iranian market will be broken sooner than the global market. We are confident that this fountain will most likely be doomed to retreat and reform due to the wavy nature of global free markets and the sine cycle. In this situation, due to the fall in the price of the dollar in Iran, we will see a heavy failure of prices in the commodity exchange. This was the main reason for the increase in trading risk in April this year.
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