The domestic steel exchange has been experiencing a lifeless market in recent days. Due to the irrational rise in prices in some areas, we see that market participants either do not accept the risk of entering this market or are not able to enter the market and influence prices. Many steel exchange activists have chosen the strategy of watching and being passive in the market. In the following, we will examine the latest situation of the commodity exchange and the sluggishness of the market these days. Please be with Artan Press.
*** Domestic steel exchange and the role of market maker in the recession
The market maker is trying to push the market towards higher prices due to the growth of the dollar price. But these market conditions do not take the price of the dollar in any way. It seems that the domestic steel market does not intend to follow the origin of the market maker and ignores the duty rates that come and go in the commodity exchange for three consecutive weeks and go without a customer; With a big “no” to these prices, he does not step forward; Of course, it goes without saying that environmental conditions and fundamental propositions have also shifted in favor of or in favor of domestic demand. In the global steel market, due to the control measures of the Chinese government, we are witnessing a decline in transactions in the Chinese market. This trend will help the Iranian steel market to balance its price situation. At present, due to the change in inflation expectations of the society, it is predicted that prices can start a downward trend.
*** Analysts hope for a balance in the domestic steel exchange
Domestic steel market analysts hope that the market order will not be disrupted. If any tension arises in the market, such as the stabilization of sanctions, we can no longer imagine a happy day for Iran’s steel markets. In fact, the only thing that has kept the markets calm for the time being is the hope of opening up international borders and easing sanctions and currency openings; If this issue leads to a stalemate for any reason, then we have to wait for unexpected events in the steel market. It remains to be seen what the next government’s approach will be to raising steel prices. It is unlikely that the next government will give rise to rising prices. This will be the beginning of a resumption of the steel market.
*** Steel exchange affected by political pressures
In recent days, the path of nuclear negotiations has entered into serious challenges. The two sides have stated that they have serious differences over the nuclear deal. If no agreement is reached in the current government, it is likely that Borjam will have to be arrested. This will double the inflammation of commodity markets, especially steel. Iran’s steel market is currently in a situation where many products are traded above world prices.
*** The speculation of speculators from fluctuations in the domestic steel exchange
Some market participants believe that the rise in steel prices on the domestic stock exchange will create an opportunity for volatility. It must be said that this mentality will no longer last in the steel market. When handling the coupon economy case; As Minister Samat pointed out; Re-open that in the event of a re-emergence of unrest in the commodity markets and the loss of hope from the Barjam agreement, this far-flung option from the past will inevitably be on the governing table. If this situation happens, the Iranian steel market and the domestic steel exchange will definitely fall into a deep sleep. Perhaps the biggest risk of Iran’s domestic steel exchange lies in this issue. Financial factors in the current market situation will be the most important bottleneck in the stock market.
*** Hope for price balance in the steel market
Our whole hope is that the markets will find their equilibrium price in any way possible. The market in the current situation does not reflect a sharp drop in prices or price growth. The market must reach equilibrium and remain in equilibrium. Ordering steel prices can be a stepping stone to Iran’s domestic steel market. So speculators should not think that the temporary rise in the price of the dollar and, consequently, the price of steel could provide them with a growing path. Iran’s economy seems to be moving in a direction where traditional ways of earning money do not work.
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