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Trading in the steel market with the fall of the dollar

شناسه : 47292 15 اردیبهشت 1400 - 12:28
In this report, we will review the latest news in the field of trading in the steel market and other products of the Metal Exchange. In general, the market is evaluated as an index due to the prevailing political climate and the downward trend of foreign exchange transactions. This trend has stabilized the prices of steel and other iron products in the commodity exchange.
Trading in the steel market with the fall of the dollar
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In this report, we will review the latest news in the field of trading in the steel market and other products of the Metal Exchange. In general, the market is evaluated as an index due to the prevailing political climate and the downward trend of foreign exchange transactions. This trend has stabilized the prices of steel and other iron products in the commodity exchange.

Entry of granulated iron ore into the commodity exchange trading ring

Important news We start the first day of the week in the commodity exchange with a topic from the downstream steel sector and the mining sector in the iron ore sector.
After the approval of the acceptance of Chadormelo granulated iron ore company in recent weeks, on Wednesday we witnessed the announcement of the acceptance of the company’s iron ore concentrate in the main market of the Commodity Exchange.


The supply of granulated iron ore trading on the stock exchange could be the beginning of a path of transparency in the crude steel basket.
Today, for the first time, we witnessed the supply of granulated iron ore in the commodity exchange trading ring, which can open a window of hope to the Iranian economy to prevent the sale of raw and cheap iron ore in the market.

The need to promote transparency in steel chain transactions

Transparency is the first issue in the stock market that ensures the success of stocks and offers. The more goods offered on the stock exchange, the more we will see the growth of transparency in the Iranian steel market.
According to the announcement of the Commodity Exchange, the acceptance of iron ore concentrate of Chadormelo Mining and Industrial Company was approved after reviewing the documents in the 286th meeting of the Supply Committee on May 27 in the main market of the Iran Commodity Exchange.


According to the announcement of the Commodity Exchange, on Saturday, in the industrial hall, all kinds of wide-wing beams, all kinds of simple industrial rebars and coils, along with all kinds of alloy ingots, will be placed on the board next to the special galvanized sheet for home appliances.
These deals started today. The expansion of the trading chain in the commodity exchange will provide the power to control and monitor the prices of metal products.

Take a look at the record of the Commodity Exchange on Saturday

Evaluation of transactions in the steel market on the first day of the week shows that mostly prices were fixed and we saw a decrease in trading volume compared to the last working day of last week.
The market prices offered today in the field of long steel sections, including rebars and beams, were mostly fixed. The trading volume is not as good in today’s trading and we saw a decrease of about 3% in trading volume compared to Wednesday.


Matching trading volume was also lower today than last week’s average, indicating that investors are more fearful in the market.
It seems that the purchases made in the market today are only consumer aspects for vital activities and the aspects of stockpiling are not a priority at the moment.

Commodity exchange trading fell on Saturday

But what could be the reason for this drop in demand and the slight decrease in prices in the steel markets of the Commodity Exchange? Apparently and again affected by the intensification of the positive news of Borjami, we saw some breakthroughs in markets such as the dirham, the dollar and gold today.
The UAE dirham rate has returned below this channel after breaking the border of 6500 Tomans; The coin breaks the 10 million mark again and trades below this limit.
Therefore, the financial indicators of the market intensified the fear in the commodity exchange and we witnessed a relative recession in today’s trading.

Evaluation of beam trades in the commodity exchange on 11 May

Regarding smelting trades on the Commodity Exchange, we saw subtle and mostly steady changes compared to last Thursday.
In some sizes, we saw a slight decrease in prices from some companies. The supply of 1,495 14-wing wide steel beams of Isfahan in the commodity exchange was finally traded with a demand of 138 tons at the base price of the wrist.
The supply of 3,887 baskets of Isfahan Steel Mixed Beam in the Commodity Exchange was finally traded with a demand of 115 tons at the base rate.
These two trades in the beam section were the most significant trades in the Tehran Commodity Exchange in the section sections on Saturday.

Status of cans and steel profiles in the commodity exchange

Some people heard from the market of cans and profiles about the high-consumption product produced from 2 mm thick sheet around 23 to 24 thousand Tomans, including value added tax, depending on the type of sheet used in the market, whose changes are constant up to 100 Tomans in some It was observed from the basics of this field.
Also, the supply of 5,000 tons of Taraz Chaharmahal galvanized steel sheet in the commodity exchange was finally traded with a demand of 200 tons at the base price of the wrist.

Take a look at the price growth in first week rebar trading

But the rebar market was observed in Saturday’s trading with flooring in prices. Floor prices in the rebar market are around 13,600 to 13,800 Tomans, including VAT.
But some private sector roofers are seeking price increases, with prices higher than on Thursday.
This group of producers stated that the reason for the high prices in the commodity exchange today was a 35% increase in transportation costs and refused to make the prices of their products competitive.
In the medium term, we may see other steelmakers joining this group of producers. Currently on Saturday, due to the positive news, the stabilization and relative reduction of prices was assessed as heavier.

Evaluating the performance of steel sheets in commodity exchanges

Another issue that was very evident in the behavior of the commodity exchange today is the relative and, of course, small growth in steel sheet prices.
Regarding the high-consumption product produced from 2 mm thick sheet in the field of cans and profiles in the ceiling of the offered prices in this field around 23,800 Tomans, including VAT with stability, up to some price increases of 80 to 200 Tomans in transactions. Witness today.
But the reason What could be the increase in this steel sector? It seems that the cause of inflammation in this area is more related to the increase in the base rate of hot rolled sheets offered this week in the commodity exchange, which has caused the price of ingots to be affected by this issue.

Recession and weak demand; Picture of Commodity Exchange on Saturday

The commodity exchange market is currently in a recession due to the dollarization of domestic steel prices and the lack of demand.
The exchange rate has been stable for a few days with a slight decrease. This has kept steel markets relatively stable.
But we are witnessing a drop in transactions compared to the same days in April.
Today, as the exchange rate fluctuated downwards, the price of sections also experienced relative stability.
Of course, the situation of non-acceptance of non-supply of sections in the commodity exchange may have been further caused, although some believe that this lack of acceptance was due to some kind of engineering in the arrangement of the supply baskets.

Uncertain path of prices in the commodity exchange

The commodity exchange market is in a situation where many radical factors have entered the exchange.
The political issues caused by Borjam, the relative fall in the value of the dollar, the lack of sufficient liquidity on the demand side, the coronary damage and rising production costs, and the recent rise in transportation costs are all just some of the issues facing commodity markets. They soften.


Regardless of the fluctuations of the market these days, what has not changed is the freezing of the supply side.
Unfortunately, supply is not at the level of supply and demand indicators of previous years, and with the current inflation rate of the society, the return of the commodity exchange has decreased compared to previous years.

Summary of commodity exchange status on the first day of the week

In general, the commodity exchange market these days does not experience a stabilized situation for the medium term. All scenarios in the market can be activated and the price trend is accompanied by a 50% variance.
In the current situation, the market trend does not pay attention to demand and only looks at the heat of export markets and the shortage of raw materials.
Consumer and warehousing demand in the domestic market but; It is mostly in the state of “patience and watching” and is merely a spectator.
This trend seems to continue until the presidential election. In general, dollar factors are the most important lever for price movements in the current situation.

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