The situation in the domestic steel market is such that the price has not increased even more by not buying a few people in the market. In yesterday’s market, we witnessed the growth of 250,000 Tomans of rebar in the commodity exchange compared to the same as the previous week. Steel can be seen simply by using the out-of-ring mingling. It is not clear how long this trend will continue in the domestic market. Sometimes in a case where the current situation is known in the hospital, no reason has been given. He went on to examine this issue. Please ask with Artan.
*** Look at the rebar market
A glance at the past use of the ribbed rebar market shows that this area, including machining transactions, has a total of 32,188 tons of branched ribbed rebars out of a total of 45,695 tons, which has sold this product. In other words, equivalent to about 0.4% reduction in the volume of goods in this product has been sold on the stock exchange. From the scenic price of this product with an average competitive rate of 141465 Rials or about 15444 Tomans per kilogram, including VAT, it is available on the existing pages. This figure shows an increase of about 255 Tomans compared to the average trading rate of last week.
*** Ambiguity in the current and domestic steel market chart
Unfortunately, the closing situation of the sales is such that it can not be able to do so because if the last day is presented. Half of the table is empty so that you can stop selling until the end of the information period in the stock market. The other prices in the table are not valid either, most of them want to pay the price or stop it. Therefore, in yesterday’s market, it is not possible to refer to the price chart and analyze the weekend trend.
All in all, in the price features offered for rebar, it seems that some of the current atmosphere prevailing in this market has become much free and has certainly remained natural. Everything is tied to the dollar exchange rate in the current situation. It must be seen that the government can at least symbolically control the price of the dollar in the event of a bad login or keep the situation unbridled.
*** Negative factors of the psychological atmosphere of the Iranian steel market
Unfortunately, the psychological atmosphere in the market is extremely negative. This is not a short story of the steel market. This is the shortest time in recent years that the psychological atmosphere is like this. In the current situation, the electricity member, along with the price of the dollar and the disappointment of the negotiations, has created a poisonous space for the market.
We believe that there is a psychological pressure that is created in the country’s steel market, which in your opinion is due to the impossibility of generating electricity and power outages and the emergence of a kind of artificial famine that remains stable. In the current situation, these factors have disturbed the order of the country’s industrial markets with maximum force. Authorities were inevitably forced to stop this situation. But even when the market is organized, it is a matter for which you are responsible.
*** The apparent reduction reduces the volume of steel
Among the interesting points of today’s information of the Commodity Exchange rebar is the continued decrease of Mashhad compared to the other volume before the budget of the last two weeks, the total volume of this commodity was more than 166 thousand tons and the week before this volume was more than 81 thousand tons; Now today we saw that its volume causes the pencil to shrink for a minute and sometimes it will destroy itself if it removes 45,555 of these items, but it will force you to break it if you wish. We have heard that concerns about power outages and shortages of production have been the main cause of this surge in demand.
*** Adherence of Iran’s steel market to CIS export ingot mines
Experience has shown that the Iranian steel market follows the CIS market and is an important indicator in domestic market pricing. In this market, the role of steel ingots is from all other commodity reviews. Do you think that the CIS bullion after breaking the bottom of its 15-month bullish channel; For two days in a row, it has increased by $ 5, and you can see that a foreign pullback has hit the floor of this channel.
Currently, the average price of this product by Plate (Steel Price) is reported at $ 633 / ton FOB Black Sea. Perhaps one reason for the growth of steel prices without a reason and without the presence of customers in the market is the convergence and stickiness of domestic prices in this area. This is at an irrational price in Iran’s steel pricing policy. Because the origin of steel, technology and production costs in this area are completely different from Iran.
*** The behavior of the domestic rebar market this week
The rebar market has increased with a gentle and aimless slope. But other steel markets have not been able to keep pace with this area. In this feature, the Dubai Beam Market is a good example. According to the reports of some companies in Tehran, the smelting beam market was mostly fixed in the offer price ceiling compared to the previous day, but no discounts can be found at the bottom of an introduction, and in some sizes it continues with a branch increase of 10 to 200 thousand Tomans. The trend of this product can not be determined.
But the overall nature of this market has been declining. The reason is that the beam market is associated with this method, which is because it is clear that housing has been opened and built and has been locked by revelation. That is why Beam has not many customers in the market. Coffin sellers are high in this area. It is expected that in this area can not pay attention.
*** The result of commodity exchange transactions
The general trend of the steel market is similar to molten beams. There is no eye-catching movement in the market. All those waiting for the delivery government may appear to have changed and the cash flow has improved somewhat. The only inflammation in the market yesterday; usually And finally on the false excitement that has taken over the market; They closed a number of sales outlets. In the event of a power outage, the stock market will be a little difficult to imagine. It is hoped that by reducing the exchange rate, some of the inflammation in the steel market will subside. The current situation may be a little early for this expectation.
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