Emtia piyasalar\u0131nda haftan\u0131n fiyatlamalar\u0131na Orta Do\u011fu merkezli jeopolitik geli\u015fmeler, ABD\u2019de a\u00e7\u0131klanan enflasyon verileri ve ABD Merkez Bankas\u0131n\u0131n para politikas\u0131na ili\u015fkin beklentiler damga vurdu. Enerji piyasalar\u0131nda ABD ile \u0130ran aras\u0131ndaki m\u00fczakere s\u00fcrecine dair haber ak\u0131\u015f\u0131 \u00f6ne \u00e7\u0131karken, de\u011ferli metallerde Fed beklentileri ve tahvil faizlerindeki hareketlilik belirleyici oldu.<\/p>\n
ABD Ba\u015fkan\u0131 Donald Trump\u2019\u0131n \u0130ran\u2019a y\u00f6nelik yeni sald\u0131r\u0131lar\u0131n durduruldu\u011funa ili\u015fkin a\u00e7\u0131klamalar\u0131 ve anla\u015fma metni \u00fczerinde ilerleme sa\u011fland\u0131\u011f\u0131na y\u00f6nelik haberler, petrol piyasas\u0131nda risk priminin azalmas\u0131na yol a\u00e7t\u0131. Bu geli\u015fmelerin etkisiyle Brent petrol fiyatlar\u0131nda haftal\u0131k bazda belirgin d\u00fc\u015f\u00fc\u015f ya\u015fand\u0131. Ancak \u0130ran taraf\u0131ndan gelen temkinli a\u00e7\u0131klamalar, enerji arz\u0131na ili\u015fkin belirsizliklerin tamamen ortadan kalkmas\u0131n\u0131 engelledi.<\/p>\n
Piyasa uzmanlar\u0131, ABD-\u0130ran hatt\u0131ndaki diplomatik s\u00fcrecin enerji fiyatlar\u0131 \u00fczerinde k\u0131sa vadede belirleyici olmaya devam edece\u011fini belirtiyor. \u00d6zellikle H\u00fcrm\u00fcz Bo\u011faz\u0131 \u00fczerinden enerji arz\u0131na y\u00f6nelik endi\u015feler, hafta i\u00e7inde petrol fiyatlar\u0131n\u0131 destekleyen unsurlar aras\u0131nda yer ald\u0131. Buna kar\u015f\u0131n haftan\u0131n son b\u00f6l\u00fcm\u00fcnde m\u00fczakere s\u00fcrecine dair iyimser haber ak\u0131\u015f\u0131, fiyatlarda a\u015fa\u011f\u0131 y\u00f6nl\u00fc bask\u0131y\u0131 art\u0131rd\u0131.<\/p>\n
ABD\u2019de a\u00e7\u0131klanan enflasyon verileri de emtia piyasalar\u0131n\u0131n y\u00f6n\u00fc \u00fczerinde etkili oldu. T\u00fcketici Fiyat Endeksi may\u0131sta ayl\u0131k y\u00fczde 0,5, y\u0131ll\u0131k y\u00fczde 4,2 artarken, \u00e7ekirdek enflasyon y\u0131ll\u0131k y\u00fczde 2,9 seviyesinde ger\u00e7ekle\u015fti. Enerji fiyatlar\u0131ndaki y\u00fckseli\u015fin enflasyon \u00fczerindeki bask\u0131y\u0131 s\u00fcrd\u00fcrmesi, Fed\u2019in faiz indirimlerine k\u0131sa vadede ba\u015flamayabilece\u011fi y\u00f6n\u00fcndeki beklentileri g\u00fc\u00e7lendirdi.<\/p>\n
\u00dcretici fiyatlar\u0131 taraf\u0131nda da benzer bir tablo g\u00f6r\u00fcld\u00fc. ABD\u2019de \u00dcretici Fiyat Endeksi may\u0131sta ayl\u0131k y\u00fczde 1,1, y\u0131ll\u0131k y\u00fczde 6,5 y\u00fckseldi. Nihai talep enerji endeksindeki art\u0131\u015f, \u00fcretici fiyatlar\u0131ndaki y\u00fckseli\u015fte \u00f6ne \u00e7\u0131kan ba\u015fl\u0131klardan biri oldu. Bu veriler, piyasalarda Fed\u2019in s\u0131k\u0131 para politikas\u0131 duru\u015funu bir s\u00fcre daha koruyabilece\u011fi alg\u0131s\u0131n\u0131 destekledi.<\/p>\n
Fed\u2019e ili\u015fkin beklentilerin g\u00fc\u00e7lenmesi, \u00f6zellikle faiz getirisi olmayan de\u011ferli metaller \u00fczerinde bask\u0131 olu\u015fturdu. Analistler, Fed Ba\u015fkan\u0131 Kevin Warsh\u2019un gelecek hafta ba\u015fkanl\u0131k edece\u011fi ilk Federal A\u00e7\u0131k Piyasa Komitesi toplant\u0131s\u0131nda verece\u011fi mesajlar\u0131n, emtia piyasalar\u0131 a\u00e7\u0131s\u0131ndan kritik \u00f6nemde olaca\u011f\u0131n\u0131 ifade ediyor. Fed\u2019in faiz patikas\u0131na ili\u015fkin sinyallerinin dolar endeksi ve tahvil faizleri \u00fczerinden alt\u0131n ba\u015fta olmak \u00fczere bir\u00e7ok emtia fiyat\u0131nda oynakl\u0131\u011f\u0131 art\u0131rabilece\u011fi de\u011ferlendiriliyor.<\/p>\n
Hafta genelinde ABD\u2019nin 10 y\u0131ll\u0131k tahvil faizi \u00f6nceki haftaya g\u00f6re yakla\u015f\u0131k 5 baz puan azalarak y\u00fczde 4,49\u2019a gerilerken dolar endeksi haftal\u0131k bazda y\u00fczde 0,3 d\u00fc\u015f\u00fc\u015fle 99,7 seviyesinde haftay\u0131 tamamlad\u0131.<\/p>\n
De\u011ferli metallerde kar\u0131\u015f\u0131k g\u00f6r\u00fcn\u00fcm<\/strong><\/p>\n De\u011ferli metaller piyasas\u0131nda haftan\u0131n genelinde kar\u0131\u015f\u0131k bir seyir izlendi. Alt\u0131n, Orta Do\u011fu kaynakl\u0131 jeopolitik risklerden destek bulsa da ABD enflasyon verilerinin ard\u0131ndan Fed\u2019e ili\u015fkin \u015fahin fiyatlamalar nedeniyle bask\u0131 alt\u0131nda kald\u0131. Tahvil faizleri ve para politikas\u0131na ili\u015fkin beklentiler, alt\u0131n\u0131n g\u00fcvenli liman talebinden ald\u0131\u011f\u0131 deste\u011fi s\u0131n\u0131rlad\u0131.<\/p>\n Alt\u0131n destekli borsa yat\u0131r\u0131m fonlar\u0131ndan \u00e7\u0131k\u0131\u015flar\u0131n s\u00fcrmesi ve fiziki talebin zay\u0131f kalmas\u0131 da fiyatlar \u00fczerinde bask\u0131 yaratt\u0131. Teknik a\u00e7\u0131dan \u00f6nemli ortalamalar\u0131n alt\u0131na gerileyen alt\u0131nda k\u0131sa vadeli sat\u0131\u015f e\u011filiminin g\u00fc\u00e7lendi\u011fi g\u00f6r\u00fcld\u00fc.<\/p>\n Hafta boyunca de\u011ferli metallerde ons baz\u0131nda paladyum y\u00fczde 4,4, g\u00fcm\u00fc\u015f y\u00fczde 0,1 de\u011fer kazan\u0131rken, platin y\u00fczde 3,3 ve alt\u0131n y\u00fczde 2,6 geriledi. B\u00f6ylece g\u00fcm\u00fc\u015f ve paladyum pozitif ayr\u0131\u015f\u0131rken alt\u0131n ve platin Fed beklentilerinin bask\u0131s\u0131yla haftay\u0131 d\u00fc\u015f\u00fc\u015fle tamamlad\u0131.<\/p>\n Baz metallerde \u00c7in verileri ve arz endi\u015feleri izledi<\/strong><\/p>\n Baz metallerde fiyatlamalarda \u00c7in ekonomisine ili\u015fkin sinyaller, Orta Do\u011fu kaynakl\u0131 tedarik riskleri, enerji maliyetleri ve \u00fcr\u00fcn bazl\u0131 arz-talep dengesi etkili oldu. \u00c7in\u2019in i\u015flenmemi\u015f bak\u0131r ve bak\u0131r \u00fcr\u00fcnleri ithalat\u0131n\u0131n may\u0131sta ayl\u0131k bazda y\u00fczde 1,3 azalmas\u0131, bak\u0131r piyasas\u0131nda talep g\u00f6r\u00fcn\u00fcm\u00fcne ili\u015fkin soru i\u015faretlerini art\u0131rd\u0131.<\/p>\n Buna kar\u015f\u0131n arz taraf\u0131na y\u00f6nelik endi\u015feler ve ABD\u2019nin ticaret politikalar\u0131na ili\u015fkin belirsizlikler bak\u0131r fiyatlar\u0131na zaman zaman destek verdi. Ancak bu destek, sat\u0131\u015f bask\u0131s\u0131n\u0131 tamamen engellemeye yetmedi.<\/p>\n Tezgah \u00fcst\u00fc piyasalarda haftal\u0131k bazda libre baz\u0131nda bak\u0131r y\u00fczde 3,5, \u00e7inko y\u00fczde 1,3 y\u00fckselirken, nikel y\u00fczde 4, kur\u015fun y\u00fczde 1,9 ve al\u00fcminyum y\u00fczde 1,2 geriledi. Baz metallerde \u00fcr\u00fcn bazl\u0131 ayr\u0131\u015fman\u0131n belirginle\u015fti\u011fi g\u00f6r\u00fcld\u00fc.<\/p>\n Brent petrolde risk primi geriledi<\/strong><\/p>\n Enerji piyasalar\u0131nda haftan\u0131n en dikkat \u00e7eken ba\u015fl\u0131\u011f\u0131 Brent petrol fiyatlar\u0131ndaki d\u00fc\u015f\u00fc\u015f oldu. Orta Do\u011fu kaynakl\u0131 arz riskleri hafta i\u00e7inde petrol fiyatlar\u0131n\u0131 desteklerken, ABD ile \u0130ran aras\u0131nda anla\u015fmaya yakla\u015f\u0131ld\u0131\u011f\u0131na y\u00f6nelik haberler haftan\u0131n son b\u00f6l\u00fcm\u00fcnde risk primini azaltt\u0131.<\/p>\n ABD Ba\u015fkan\u0131 Donald Trump\u2019\u0131n \u0130ran\u2019a y\u00f6nelik yeni sald\u0131r\u0131lar\u0131n durduruldu\u011funa ili\u015fkin a\u00e7\u0131klamalar\u0131 ve anla\u015fma metni \u00fczerinde ilerleme sa\u011fland\u0131\u011f\u0131na dair haber ak\u0131\u015f\u0131, Brent petrol fiyatlar\u0131nda a\u015fa\u011f\u0131 y\u00f6nl\u00fc hareketi beraberinde getirdi. Ancak \u0130ran taraf\u0131n\u0131n anla\u015fman\u0131n kesinle\u015fti\u011fine y\u00f6nelik iddialara temkinli yakla\u015fmas\u0131, enerji arz\u0131 konusunda kal\u0131c\u0131 rahatlama olu\u015fmas\u0131n\u0131 engelledi.<\/p>\n ABD\u2019de rafineri kullan\u0131m oran\u0131n\u0131n y\u00fczde 95,3\u2019e y\u00fckselmesi, rafineri faaliyetlerinin g\u00fc\u00e7l\u00fc seyretti\u011fine i\u015faret etti. \u00d6te yandan OPEC+ grubunun temmuz ay\u0131 i\u00e7in \u00fcretim hedeflerini g\u00fcnl\u00fck 188 bin varil art\u0131rma karar\u0131 da petrol piyasalar\u0131n\u0131n oda\u011f\u0131nda yer ald\u0131.<\/p>\n Haftal\u0131k bazda Brent petrol\u00fcn varil fiyat\u0131 y\u00fczde 6,5 gerilerken, do\u011fal gaz\u0131n \u0130ngiliz termal birimi cinsinden fiyat\u0131 y\u00fczde 3,4 d\u00fc\u015ft\u00fc. Enerji emtialar\u0131nda jeopolitik haber ak\u0131\u015f\u0131 ve arz-talep dengesi, fiyatlamalar\u0131n ana belirleyicisi olmay\u0131 s\u00fcrd\u00fcrd\u00fc.<\/p>\n Tar\u0131m emtialar\u0131nda \u00fcretim tahminleri \u00f6ne \u00e7\u0131kt\u0131<\/strong><\/p>\n Tar\u0131m emtialar\u0131nda ise ABD Tar\u0131m Bakanl\u0131\u011f\u0131n\u0131n \u00fcretim tahminleri, \u00c7in\u2019in ABD tar\u0131m \u00fcr\u00fcnleri al\u0131mlar\u0131ndaki zay\u0131f seyri ve Orta Do\u011fu kaynakl\u0131 maliyet bask\u0131lar\u0131 fiyatlamalarda etkili oldu.<\/p>\n ABD Tar\u0131m Bakanl\u0131\u011f\u0131, kurakl\u0131k nedeniyle ABD k\u0131\u015fl\u0131k bu\u011fday \u00fcretim tahminini a\u015fa\u011f\u0131 y\u00f6nl\u00fc revize etti. Ovalar b\u00f6lgesinde kurakl\u0131\u011f\u0131n sert k\u0131rm\u0131z\u0131 k\u0131\u015fl\u0131k bu\u011fday \u00fcretimi \u00fczerinde bask\u0131 olu\u015fturmas\u0131, bu\u011fday piyasas\u0131nda arz endi\u015felerini art\u0131rd\u0131.<\/p>\n M\u0131s\u0131r ve soya fasulyesinde ABD \u00fcretim tahminlerinde belirgin de\u011fi\u015fiklik yap\u0131lmamas\u0131 ve G\u00fcney Amerika\u2019da g\u00fc\u00e7l\u00fc \u00fcretim beklentilerinin s\u00fcrmesi fiyatlardaki y\u00fckseli\u015fi s\u0131n\u0131rlad\u0131. \u00c7in\u2019in ABD tar\u0131m \u00fcr\u00fcnleri al\u0131mlar\u0131 da tah\u0131l ve ya\u011fl\u0131 tohum piyasalar\u0131nda yak\u0131ndan takip edilen ba\u015fl\u0131klardan biri oldu.<\/p>\n Chicago Ticaret Borsas\u0131\u2019nda kile ba\u015f\u0131na fiyatlar haftal\u0131k bazda m\u0131s\u0131rda y\u00fczde 5,6, soya fasulyesinde y\u00fczde 1 ve bu\u011fdayda y\u00fczde 0,9 artarken, pirin\u00e7te y\u00fczde 2,9 d\u00fc\u015f\u00fc\u015f kaydedildi.<\/p>\n Kakaoda ise Bat\u0131 Afrika kaynakl\u0131 arz ve pazarlama politikalar\u0131na ili\u015fkin geli\u015fmeler \u00f6ne \u00e7\u0131kt\u0131. Fildi\u015fi Sahili\u2019nin yeni sezon sat\u0131\u015flar\u0131nda temkinli davranmas\u0131 ve El Nino kaynakl\u0131 \u00fcretim riskleri kakao fiyatlar\u0131n\u0131 destekledi.<\/p>\n ABD\u2019de Intercontinental Exchange\u2019te libre baz\u0131nda fiyatlar kakaoda y\u00fczde 3,3, kahvede y\u00fczde 3 ve \u015fekerde y\u00fczde 0,7 y\u00fckselirken, pamukta y\u00fczde 1,3 d\u00fc\u015f\u00fc\u015f g\u00f6r\u00fcld\u00fc.<\/p>\n Piyasalarda g\u00f6zler Fed ve jeopolitik haber ak\u0131\u015f\u0131nda<\/strong><\/p>\n Analistler, \u00f6n\u00fcm\u00fczdeki d\u00f6nemde emtia piyasalar\u0131nda Fed\u2019in faiz patikas\u0131na ili\u015fkin mesajlar\u0131n, dolar endeksi ve tahvil faizlerindeki hareketlerin belirleyici olaca\u011f\u0131n\u0131 belirtiyor. Jeopolitik cephede ise ABD-\u0130ran m\u00fczakerelerine ili\u015fkin geli\u015fmelerin \u00f6zellikle enerji fiyatlar\u0131 \u00fczerinde etkili olmaya devam etmesi bekleniyor.<\/p>\n Fed\u2019in para politikas\u0131 ileti\u015fiminde olas\u0131 bir ton de\u011fi\u015fikli\u011fi, de\u011ferli metallerde yeni y\u00f6n aray\u0131\u015f\u0131n\u0131 h\u0131zland\u0131rabilir. Enerji piyasalar\u0131nda ise anla\u015fma s\u00fcrecinin kesinle\u015fip kesinle\u015fmeyece\u011fi, Brent petrol ba\u015fta olmak \u00fczere fiyatlamalar a\u00e7\u0131s\u0131ndan kritik ba\u015fl\u0131k olmay\u0131 s\u00fcrd\u00fcr\u00fcyor.<\/p>\n Emtia piyasalar\u0131nda haftan\u0131n genel g\u00f6r\u00fcn\u00fcm\u00fc, jeopolitik risklerin fiyatlamalar \u00fczerindeki etkisinin tamamen ortadan kalkmad\u0131\u011f\u0131n\u0131, buna kar\u015f\u0131n Fed beklentilerinin bir\u00e7ok emtia grubunda daha g\u00fc\u00e7l\u00fc bir belirleyici haline geldi\u011fini ortaya koydu.<\/p>\n","protected":false},"excerpt":{"rendered":" Orta Do\u011fu kaynakl\u0131 jeopolitik riskler, ABD enflasyon verileri ve Fed\u2019in faiz politikas\u0131na ili\u015fkin beklentiler, emtia piyasalar\u0131nda haftan\u0131n ana fiyatlama unsurlar\u0131 oldu. Brent petrol risk primindeki azal\u0131\u015fla gerilerken de\u011ferli metallerde kar\u0131\u015f\u0131k seyir izlendi.<\/p>\n Kategori: Eko<\/p>\n","protected":false},"author":2,"featured_media":18430,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2534,5],"tags":[10832,265,10835,3583,10831,488,10833,272,3677,10834],"class_list":["post-31100","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-2-bolge","category-ekonomi","tag-abd-enflasyonu","tag-altin","tag-baz-metaller","tag-brent-petrol","tag-emtia-piyasalari","tag-fed","tag-jeopolitik-risk","tag-orta-dogu","tag-petrol-fiyatlari","tag-tarim-emtialari"],"yoast_head":"\n