Emtia piyasalar\u0131nda tamamlanan haftada fiyatlamalar, Orta Do\u011fu\u2019da y\u00fckselen gerilim ile ABD Merkez Bankas\u0131\u2019n\u0131n (Fed) faiz patikas\u0131na ili\u015fkin belirsizliklerin etkisiyle dalgal\u0131 bir seyir izledi. Petrol ve do\u011fal gaz gibi enerji emtialar\u0131 jeopolitik risk primiyle y\u00fckselirken, de\u011ferli metaller ve baz metaller taraf\u0131nda daha karma\u015f\u0131k bir tablo ortaya \u00e7\u0131kt\u0131.<\/p>\n
Hafta boyunca k\u00fcresel risk alg\u0131s\u0131n\u0131 b\u00fcy\u00fck \u00f6l\u00e7\u00fcde H\u00fcrm\u00fcz Bo\u011faz\u0131 \u00e7evresindeki sevkiyat ak\u0131\u015f\u0131na y\u00f6nelik endi\u015feler belirledi. Orta Do\u011fu\u2019dan Asya\u2019ya ham petrol ve LNG ak\u0131\u015f\u0131nda ya\u015fanan aksamalar, yaln\u0131zca do\u011frudan arz riskini de\u011fil; sigorta, navlun ve teslim s\u00fcreleri \u00fczerinden maliyet bask\u0131s\u0131n\u0131 da art\u0131rd\u0131.<\/p>\n
Bu geli\u015fmelerin etkisiyle Brent petrol\u00fcn varil fiyat\u0131 haftal\u0131k bazda y\u00fczde 24,4 artarak 90,8 dolara y\u00fckseldi ve Ekim 2023\u2019ten bu yana en y\u00fcksek haftal\u0131k kapan\u0131\u015f\u0131n\u0131 yapt\u0131. New York Ticaret Borsas\u0131\u2019nda i\u015flem g\u00f6ren do\u011fal gaz\u0131n \u0130ngiliz Termal Birimi (MMBtu) cinsinden fiyat\u0131 da haftal\u0131k bazda y\u00fczde 9 art\u0131\u015f g\u00f6sterdi.<\/p>\n
Dubai ham petrol\u00fcn\u00fcn nakit primi 19,63 dolarla 2018\u2019den bu yana en y\u00fcksek seviyeye \u00e7\u0131karken, Brent petrol\u00fcn Dubai petrol\u00fcne g\u00f6re fiyat fark\u0131n\u0131 g\u00f6steren EFS primi de hafta i\u00e7inde 10,42 dolara kadar y\u00fckseldi. Bu durum, \u00f6zellikle Asya\u2019daki rafineriler i\u00e7in alternatif ham petrol t\u00fcrlerinin maliyetini art\u0131rd\u0131.<\/p>\n
ABD\u2019de enerji fiyatlar\u0131ndaki y\u00fckseli\u015fin enflasyon g\u00f6r\u00fcn\u00fcm\u00fcn\u00fc bozabilece\u011fine y\u00f6nelik kayg\u0131lar, faiz indirimlerinin zamanlamas\u0131na ili\u015fkin beklentilerin daha temkinli fiyatlanmas\u0131na yol a\u00e7t\u0131. Analistler, jeopolitik risklerin normal ko\u015fullarda de\u011ferli metalleri desteklemesi beklense de dolar\u0131n g\u00fc\u00e7lenmesi ve faiz indirimi ihtimalinin zay\u0131flamas\u0131n\u0131n bu etkiyi s\u0131n\u0131rlad\u0131\u011f\u0131n\u0131 belirtti.<\/p>\n
Hafta genelinde ons baz\u0131nda fiyatlar g\u00fcm\u00fc\u015fte y\u00fczde 10, platinde y\u00fczde 9,4, alt\u0131nda y\u00fczde 1,8 ve paladyumda y\u00fczde 1 geriledi.<\/p>\n
ABD\u2019de \u015fubat ay\u0131na ili\u015fkin veriler ekonomide ivme kayb\u0131na i\u015faret ederken, enerji fiyatlar\u0131ndaki y\u00fckseli\u015fin enflasyonist bask\u0131lar\u0131 art\u0131rabilece\u011fine dair endi\u015feler yat\u0131r\u0131mc\u0131lar\u0131 temkinli bir pozisyona itti.<\/p>\n
Bu d\u00f6nemde ABD\u2019de tar\u0131m d\u0131\u015f\u0131 istihdam 92 bin ki\u015fi azal\u0131rken, i\u015fsizlik oran\u0131 y\u00fczde 4,4\u2019e y\u00fckseldi. Ortalama saatlik kazan\u00e7lar ise ayl\u0131k bazda y\u00fczde 0,4 artt\u0131. Zay\u0131f istihdam verileri, Fed\u2019in daha g\u00fcvercin bir tutum benimseyebilece\u011fi beklentisini g\u00fc\u00e7lendirse de enerji fiyatlar\u0131ndaki sert y\u00fckseli\u015f piyasalarda dengeleyici bir bask\u0131 unsuru oldu.<\/p>\n
ABD\u2019nin 10 y\u0131ll\u0131k tahvil faizi haftay\u0131 y\u00fczde 4,14 seviyesinde tamamlarken, dolar endeksi y\u00fczde 1,4 art\u0131\u015fla 99 seviyesine y\u00fckseldi.<\/p>\n
Baz metallerde genel olarak negatif bir g\u00f6r\u00fcn\u00fcm \u00f6ne \u00e7\u0131karken, al\u00fcminyum arz endi\u015feleriyle pozitif ayr\u0131\u015ft\u0131. K\u00f6rfez hatt\u0131ndaki sevkiyat sorunlar\u0131, Bahreyn kaynakl\u0131 m\u00fccbir sebep a\u00e7\u0131klamalar\u0131 ve Katar\u2019da \u00fcretim kesintisi ihtimali, al\u00fcminyum fiyatlar\u0131n\u0131 yukar\u0131 ta\u015f\u0131d\u0131.<\/p>\n
B\u00f6lgenin k\u00fcresel al\u00fcminyum arz\u0131nda yakla\u015f\u0131k y\u00fczde 8 paya sahip olmas\u0131 ve H\u00fcrm\u00fcz Bo\u011faz\u0131 \u00fczerinden y\u0131lda 5 milyon tonun \u00fczerinde sevkiyat yap\u0131lmas\u0131 da y\u00fckseli\u015fi destekledi. Ayr\u0131ca Bank of America\u2019n\u0131n 2026 y\u0131l\u0131 i\u00e7in k\u00fcresel al\u00fcminyum a\u00e7\u0131\u011f\u0131 tahminini 1,5 milyon tona y\u00fckseltmesi ve Londra Metal Borsas\u0131 stoklar\u0131n\u0131n Temmuz 2025\u2019ten bu yana en d\u00fc\u015f\u00fck seviyeye gerilemesi, fiyatlardaki art\u0131\u015f\u0131 g\u00fc\u00e7lendirdi.<\/p>\n
Tezgah \u00fcst\u00fc piyasada haftal\u0131k bazda al\u00fcminyum fiyat\u0131 y\u00fczde 8,8 artarken, bak\u0131r y\u00fczde 3,5, nikel y\u00fczde 1,2, \u00e7inko y\u00fczde 0,5 ve kur\u015fun y\u00fczde 0,8 d\u00fc\u015ft\u00fc.<\/p>\n
Tar\u0131m emtialar\u0131nda ise jeopolitik ve lojistik riskler belirleyici oldu. Karadeniz hatt\u0131ndaki g\u00fcvenlik endi\u015feleri ile Orta Do\u011fu\u2019daki \u00e7at\u0131\u015fmalar\u0131n navlun, sigorta, enerji ve g\u00fcbre maliyetleri \u00fczerindeki etkisi fiyatlamalarda \u00f6ne \u00e7\u0131kt\u0131.<\/p>\n
Bu\u011fday ve m\u0131s\u0131rda risk primi g\u00fc\u00e7 kazan\u0131rken, soya kompleksinde biyoyak\u0131t ve soya ya\u011f\u0131na ili\u015fkin beklentiler destekleyici unsur olarak izlendi. ABD Tar\u0131m Bakanl\u0131\u011f\u0131\u2019n\u0131n haftal\u0131k ihracat sat\u0131\u015f verileri m\u0131s\u0131rda g\u00fc\u00e7l\u00fc, bu\u011fday, soya fasulyesi ve pirin\u00e7te ise daha zay\u0131f d\u0131\u015f talebe i\u015faret etti.<\/p>\n
Chicago Ticaret Borsas\u0131\u2019nda kilo ba\u015f\u0131na fiyatlar haftal\u0131k bazda bu\u011fdayda y\u00fczde 4,5, soya fasulyesinde y\u00fczde 2,7, pirin\u00e7te y\u00fczde 4,9 ve m\u0131s\u0131rda y\u00fczde 2,73 y\u00fckseldi.<\/p>\n
Tar\u0131m emtialar\u0131 i\u00e7inde kakao da dikkat \u00e7eken \u00fcr\u00fcnler aras\u0131nda yer ald\u0131. Fildi\u015fi Sahili\u2019nde fazla kakao stoklar\u0131n\u0131n belirli bir fiyat \u00fczerinden al\u0131nmas\u0131na y\u00f6nelik program\u0131n s\u00fcrece\u011fi mesaj\u0131, piyasada arz ak\u0131\u015f\u0131 ve i\u00e7 denge a\u00e7\u0131s\u0131ndan yak\u0131ndan izlendi.<\/p>\n
ABD\u2019de Intercontinental Exchange\u2019te libre baz\u0131nda fiyatlar \u015fekerde y\u00fczde 1,4, kahvede y\u00fczde 4,8 artarken, pamukta y\u00fczde 2,1 d\u00fc\u015f\u00fc\u015f g\u00f6r\u00fcld\u00fc. Kakaonun ton ba\u015f\u0131na fiyat\u0131 ise haftay\u0131 y\u00fczde 11,8 y\u00fckseli\u015fle tamamlad\u0131.<\/p>\n
Haftan\u0131n genel tablosu, Orta Do\u011fu\u2019daki gerilimin emtia piyasalar\u0131nda tek y\u00f6nl\u00fc bir fiyatlamaya yol a\u00e7mad\u0131\u011f\u0131n\u0131 g\u00f6sterdi. Enerji \u00fcr\u00fcnleri ve baz\u0131 tar\u0131m emtialar\u0131nda y\u00fckseli\u015f \u00f6ne \u00e7\u0131karken, de\u011ferli metallerde dolar bask\u0131s\u0131 hissedildi, baz metallerse arz ve talep dengelerine ba\u011fl\u0131 olarak farkl\u0131 y\u00f6nlerde hareket etti.<\/p>\n","protected":false},"excerpt":{"rendered":"
Orta Do\u011fu\u2019da t\u0131rmanan \u00e7at\u0131\u015fmalar, enerji arz\u0131 ve deniz ta\u015f\u0131mac\u0131l\u0131\u011f\u0131na ili\u015fkin riskleri art\u0131r\u0131rken emtia piyasalar\u0131nda enerji \u00fcr\u00fcnleri y\u00fckseldi, de\u011ferli metaller ve baz metallerde ise ayr\u0131\u015fma ya\u015fand\u0131.<\/p>\n","protected":false},"author":2,"featured_media":11289,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[265,4146,374,190,266,488,2418,581,751,3409],"class_list":["post-11288","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ekonomi","tag-altin","tag-aluminyum","tag-brent","tag-dogalgaz","tag-emtia","tag-fed","tag-kureselpiyasalar","tag-ortadogu","tag-petrol","tag-tarimemtialari"],"yoast_head":"\n