In this note, we will refer to the index trades in the domestic steel commodity exchange on Saturday. Some sources have seen the price increase with the growth of the dollar, and some have started the process of stabilizing the price on the ceiling. Rolling field in this situation is one of the most loss-making steel fields in the country, and in this memo, after a brief observation of market data, we will express the damages of this field. Please be with Artan Press.
*** Take a look at steel bullion trades affected by the dollar exchange rate
On Saturday, the ingot area took the market by surprise in terms of price. The bullion was on the rise while everyone was expecting a price drop. The reason for the increase in the market price of the commodity exchange was the letter section of the Ministry of Silence and the increase in the exchange rate. The trend of changing the price of steel ingots in the Iranian Commodity Exchange in comparison with the CIS and East Asia at the rates of Nima and Azad dollars is debatable.
Commodity exchange prices, assuming a free dollar, were in the range of $ 527, which was more than 15% different from the Nima dollar exchange rate, and this, as a rent, stimulated demand from the exchange and the free sale of ingots or its export (steel related product). Commodity exchange prices, depending on the dollar type calculations, have a difference of about $ 26 to $ 108 with FOB Iran, and in order to clarify and stabilize the steel market, the Central Bank needs to minimize the difference between the Nima dollar price and the open market as soon as possible.
*** The foreign exchange market is causing the growth of domestic steel prices
Unfortunately, the current market situation is due to inflammation of the foreign exchange market. In the current situation, the growing trend of the Nimai currency price will definitely have an impact on the steel market. This week, the base prices in the commodity exchange are to be considered at the rate of 21,500 Tomans, which has increased by about 700,800 Tomans compared to the average rate of last week. This increase will undoubtedly have an impact on the calculation of the base exchange rate.
*** Monitor domestic steel prices at the beginning of the week
The rebar market started the week with a stable price. Prices have been mostly stable compared to last Thursday or even slightly reduced in some sales outlets, but compared to last Wednesday, we saw an increase of 50 to 100 Tomans. . The market for fused beams is in the same situation; Thursday had a price increase last week, but today, compared to Thursday, it is mostly stable or even in some places with some decrease in prices in some sizes compared to last Thursday. The main reason for this situation is apparently the trend of the dollar banknote exchange rate. As in the past, this market seems to be affected by fluctuations in the dollar banknote exchange rate. Changes in cans and profiles are still subtle.
*** Export tariff threat for domestic steel prices
Tariffs on steel imports to neighboring countries have seen significant growth in recent days. With this trend, if Iran exports some steel products below the world price to neighboring countries such as Iraq, Syria and Afghanistan, it will still lose money. Therefore, the diplomatic apparatus should consult with these countries on reforming the export tariff of steel products to neighboring countries. . Restructuring the stock market is one of the priorities that should be considered in the next government. The next government will see much worse conditions without practical action on the commodity exchange, and the result will be worse than what happened today.
*** Establishment of various commodity exchanges is the way to save the steel market
One of the proposed strategies is to form various commodity exchanges. This helps to discover the prices of goods in a transparent context of the stock market in a competitive way. At present, some countries, such as China and Turkey, have more than 30 commodity exchanges that work together in competition, and this is a step towards eliminating the monopoly. In the current situation of the commodity exchange, without any logical reason, the difference between the prices of raw materials and the final product is considered 5%, and this means damage to production and added value in the chain of steel products.
*** Assess the most important challenges for roller skaters at the beginning of summer
The most important challenges of rollers in the commodity exchange can be summarized in these issues. First, the need for continuous and regular supply of raw materials (ingots and sheets) in the commodity exchange in accordance with the needs of downstream steel units in the chain. Second, correcting the price trend of raw materials such as iron ore, concentrate, sponge iron, ingots and steel sheets in the commodity exchange in proportion to the cost and with a reasonable price margin compared to world prices. Third, modification of the base price of customs value based on 80% of the export rate of CIS countries. These issues can greatly solve the problems of this steel sector. Most likely, the next government will have to look for an answer.
این مطلب بدون برچسب می باشد.
ثبت دیدگاه