Emtia piyasas\u0131nda ge\u00e7en hafta, ABD’nin uygulamaya koydu\u011fu tarifeler ve d\u00fcnya genelinden gelen kar\u015f\u0131 tarife hamlelerinin etkisiyle kar\u0131\u015f\u0131k seyir g\u00f6r\u00fcld\u00fc.<\/p>\n
ABD’nin \u00e7elik ve al\u00fcminyum ithalat\u0131na getirdi\u011fi y\u00fczde 25’lik g\u00fcmr\u00fck vergisi ge\u00e7en hafta y\u00fcr\u00fcrl\u00fc\u011fe girdi. \u00c7elik ve al\u00fcminyum tarifelerine Avrupa Birli\u011fi ve Kanada’dan misilleme geldi. AB Komisyonu Ba\u015fkan\u0131 Ursula von der Leyen, ABD’nin tarifelerine kar\u015f\u0131 26 milyar avroluk \u00f6nlemler ald\u0131klar\u0131n\u0131 a\u00e7\u0131klarken, Kanada ise 29,8 milyar Kanada dolar\u0131 tutar\u0131ndaki ABD ithalat\u0131na y\u00fczde 25 g\u00fcmr\u00fck vergisi getirdi.<\/p>\n
Analistler, misilleme a\u00e7\u0131klamalar\u0131n\u0131n ticaret sava\u015flar\u0131n\u0131n \u015fiddetlenebilece\u011fi endi\u015felerini art\u0131rd\u0131\u011f\u0131n\u0131 belirterek, bu durumun baz metaller \u00fczerindeki etkisinin de yak\u0131ndan takip edildi\u011fini s\u00f6yledi.<\/p>\n
Bu geli\u015fmelerin yan\u0131 s\u0131ra ABD’de ge\u00e7en hafta a\u00e7\u0131klanan verilere g\u00f6re, \u015fubatta T\u00fcketici Fiyat Endeksi (T\u00dcFE) ayl\u0131k y\u00fczde 0,2, y\u0131ll\u0131k y\u00fczde 2,8 artarken, \u00dcretici Fiyat Endeksi (\u00dcFE) ayl\u0131k bazda sabit kald\u0131, y\u0131ll\u0131k y\u00fczde 3,2 y\u00fckselerek beklentilerin alt\u0131nda ger\u00e7ekle\u015fti.<\/p>\n
ABD Ba\u015fkan\u0131 Donald Trump’\u0131n agresif tarife politikalar\u0131n\u0131n sonu\u00e7lar\u0131na ili\u015fkin endi\u015feler, jeopolitik risklerle artan belirsizlik ve merkez bankalar\u0131n\u0131n al\u0131mlar\u0131yla alt\u0131n\u0131n ons fiyat\u0131 ge\u00e7en hafta 3 bin 4 dolarla rekor tazeledi. Bu seviyelerde tutunamayan alt\u0131n\u0131n ons fiyat\u0131, ticaret gerilimleri ve durgunluk kayg\u0131lar\u0131yla birlikte haftay\u0131 2 bin 895 dolardan tamamlad\u0131.<\/p>\n
Analistler, Trump’\u0131n ticaret politikas\u0131ndaki yakla\u015f\u0131m\u0131n\u0131n belirsizlikleri art\u0131rd\u0131\u011f\u0131n\u0131, \u00fclkelerin ekonomi politikalar\u0131n\u0131n \u00f6ng\u00f6r\u00fclebilirli\u011fini azaltt\u0131\u011f\u0131n\u0131 ve yat\u0131r\u0131mc\u0131lar\u0131 g\u00fcvenli liman varl\u0131klara y\u00f6neltti\u011fini bildirdi.<\/p>\n
G\u00fcm\u00fc\u015f taraf\u0131nda ise Union Bank of Switzerland (UBS) taraf\u0131ndan yay\u0131mlanan raporda, imalat faaliyetlerinde m\u00fctevaz\u0131 bir toparlanma g\u00f6r\u00fclmesi halinde g\u00fcm\u00fc\u015f\u00fcn alt\u0131na g\u00f6re daha iyi performans g\u00f6sterebilece\u011fi ancak ABD ekonomisinde ya\u015fanabilecek olas\u0131 keskin bir yava\u015flaman\u0131n bu g\u00f6r\u00fcn\u00fcm a\u00e7\u0131s\u0131ndan risk olu\u015fturdu\u011fu kaydedildi.<\/p>\n
Bu geli\u015fmelerin etkisiyle ons baz\u0131nda fiyatlar, ge\u00e7en hafta alt\u0131nda y\u00fczde 2,6, g\u00fcm\u00fc\u015fte y\u00fczde 4, paladyumda y\u00fczde 1,5, platinde y\u00fczde 3,4 artt\u0131.<\/p>\n
Bak\u0131r t\u00fcccarlar\u0131, CME’deki y\u00fcksek primi de\u011ferlendirdi. Baz metal fiyatlar\u0131, tarifelerin etkisiyle kar\u0131\u015f\u0131k seyir izledi. ABD’nin \u00e7elik ve al\u00fcminyum ithalat\u0131na y\u00fczde 25 ek vergi uygulamas\u0131, ge\u00e7en hafta baz metal fiyatlar\u0131ndaki oynakl\u0131\u011f\u0131 art\u0131rd\u0131. Bak\u0131r piyasas\u0131nda ise fiziksel bak\u0131r t\u00fcccarlar\u0131, ABD vadeli i\u015flem piyasas\u0131nda (CME) bak\u0131r fiyat\u0131n\u0131n Londra Metal Borsas\u0131 (LME) fiyat\u0131na g\u00f6re olu\u015fan y\u00fcksek primini f\u0131rsata \u00e7evirerek tarifeler devreye girmeden \u00f6nce olabildi\u011fince bak\u0131r sevkiyat\u0131 yapt\u0131. Bu geli\u015fmelerle birlikte analistler, k\u0131sa vadede fiziksel piyasada arz s\u0131k\u0131\u015f\u0131kl\u0131\u011f\u0131 ya\u015fanabilece\u011fini belirtti.<\/p>\n
Goldman Sachs ise Trump y\u00f6netiminin planlad\u0131\u011f\u0131 tarifeler \u00f6ncesinde ABD’deki y\u00fcksek fiyatlar nedeniyle net bak\u0131r ithalat\u0131n\u0131n gelecek aylarda y\u00fczde 50 ila y\u00fczde 100 artabilece\u011fini kaydederken, g\u00fc\u00e7l\u00fc elektrifikasyon talebi, \u00c7in te\u015fvikleri ve yava\u015flayan maden arz\u0131 nedeniyle 2025’te k\u00fcresel bak\u0131r piyasas\u0131nda 180 bin tonluk a\u00e7\u0131k beklediklerini ifade etti.<\/p>\n
\u00d6te yandan, Endonezya, maden \u015firketlerinden ald\u0131\u011f\u0131 devlet pay\u0131 oranlar\u0131n\u0131 art\u0131rmay\u0131 de\u011ferlendirdiklerini belirtti. K\u00f6m\u00fcr, nikel ve bak\u0131r gibi emtialar\u0131 kapsayan yeni \u00f6neriye g\u00f6re, d\u00fcnyan\u0131n en b\u00fcy\u00fck nikel \u00fcreticisi konumundaki Endonezya’da, nikel cevheri ihracat\u00e7\u0131lar\u0131n\u0131n mevcut sabit y\u00fczde 10 olan devlet pay\u0131 oran\u0131, fiyat seviyesine ba\u011fl\u0131 kademeli bir yap\u0131 \u00e7er\u00e7evesinde y\u00fczde 14 ile y\u00fczde 19 aras\u0131nda de\u011fi\u015fen oranlara y\u00fckseltilecek. Baz metallerde tezgah \u00fcst\u00fc piyasada ge\u00e7en hafta fiyatlar libre baz\u0131nda bak\u0131rda y\u00fczde 3,8, \u00e7inkoda y\u00fczde 4,6, nikelde y\u00fczde 0,7 ve kur\u015funda y\u00fczde 1,5 artarken, al\u00fcminyumda y\u00fczde 0,2 azald\u0131.<\/p>\n
Petrol fiyatlar\u0131, yedi haftal\u0131k d\u00fc\u015f\u00fc\u015f\u00fcn ard\u0131ndan y\u00fckseldi. Petrol fiyatlar\u0131nda yedi haftal\u0131k d\u00fc\u015f\u00fc\u015f\u00fcn ard\u0131ndan ge\u00e7en hafta Ukrayna’daki ate\u015fkes belirsizlikleri ve k\u00fcresel petrol arz\u0131na ili\u015fkin endi\u015felerle birlikte toparlanma g\u00f6r\u00fcld\u00fc. Ge\u00e7en hafta 68,40 dolara kadar gerileyen brent petrol\u00fcn varil fiyat\u0131 haftay\u0131 70,24 dolar seviyesinden tamamlad\u0131. Rusya Devlet Ba\u015fkan\u0131 Vladimir Putin, ABD’nin Ukrayna’daki 30 g\u00fcnl\u00fck ate\u015fkes teklifini desteklediklerini ancak kal\u0131c\u0131 bar\u0131\u015f i\u00e7in temel sorunlara \u00e7\u00f6z\u00fcm bulunmas\u0131 gerekti\u011fini vurgulad\u0131. Ukrayna Devlet Ba\u015fkan\u0131 Volodimir Zelenskiy ise Putin’in a\u00e7\u0131klamalar\u0131n\u0131 manip\u00fclatif olarak de\u011ferlendirerek, Rusya’ya uygulanan yapt\u0131r\u0131mlar\u0131n art\u0131r\u0131lmas\u0131 gerekti\u011fini savundu. Analistler, k\u0131sa vadede bar\u0131\u015f umutlar\u0131n\u0131n azalmas\u0131n\u0131n, Rus enerji arz\u0131n\u0131n artaca\u011f\u0131 y\u00f6n\u00fcndeki piyasa beklentilerini de zay\u0131flatt\u0131\u011f\u0131n\u0131 belirtti. Bununla birlikte, ABD’nin \u0130ran petrol\u00fcne y\u00f6nelik yapt\u0131r\u0131mlar\u0131 da piyasalarda arz endi\u015felerini art\u0131rd\u0131.<\/p>\n
ABD Hazine Bakanl\u0131\u011f\u0131, \u0130ran Petrol Bakan\u0131 Muhsin Paknejad’\u0131 ve \u0130ran petrol\u00fcn\u00fc ta\u015f\u0131yan gemilerin sahibi ya da operat\u00f6r\u00fc olan baz\u0131 \u015firketleri yapt\u0131r\u0131m listesine ald\u0131 ve \u0130ran’\u0131n \u00c7in’e petrol ula\u015ft\u0131rmak i\u00e7in kulland\u0131\u011f\u0131 “g\u00f6lge filo” \u00fczerindeki bask\u0131n\u0131n art\u0131r\u0131ld\u0131\u011f\u0131 ve \u0130ran petrol ihracat\u0131n\u0131n s\u0131f\u0131rlanmas\u0131n\u0131n hedeflendi\u011fi bildirildi. \u00d6te yandan, Uluslararas\u0131 Enerji Ajans\u0131 (IEA), k\u00fcresel petrol talebi art\u0131\u015f tahminini g\u00fcnl\u00fck 70 bin varil a\u015fa\u011f\u0131 revize ederek, g\u00fcnl\u00fck art\u0131\u015f\u0131 1 milyon 30 bin varil olarak belirledi ve bunun y\u00fczde 60’\u0131n\u0131n Asya kaynakl\u0131 olaca\u011f\u0131n\u0131 \u00f6ng\u00f6rd\u00fc. IEA ayr\u0131ca, k\u00fcresel petrol piyasas\u0131nda arz fazlas\u0131 beklentisine dikkati \u00e7ekerek bu durumun petrol fiyatlar\u0131ndaki y\u00fckseli\u015fi s\u0131n\u0131rlad\u0131\u011f\u0131n\u0131 belirtti. Bu geli\u015fmelerle ge\u00e7en hafta Brent petrol\u00fcn varil fiyat\u0131, haftay\u0131 y\u00fczde 0,1 artarken, New York Ticaret Borsas\u0131nda i\u015flem g\u00f6ren do\u011fal gaz\u0131n \u0130ngiliz termal birimi (MMBtu) cinsinden fiyat\u0131 ise y\u00fczde 7,1 de\u011fer kaybetti.<\/p>\n
\u00c7in, tedarik zincirini g\u00fc\u00e7lendirdi. Tar\u0131m emtialar ge\u00e7en hafta jeopolitik gerilimler ve hava ko\u015fullar\u0131n\u0131n etkisiyle birlikte kar\u0131\u015f\u0131k seyretti. ABD ve \u00c7in aras\u0131ndaki ticari gerilim, Pekin’in \u00fc\u00e7 b\u00fcy\u00fck ABD \u015firketinden soya fasulyesi ithalat\u0131n\u0131 tamamen durdurmas\u0131yla artt\u0131. \u00c7in Brezilya’dan yapt\u0131\u011f\u0131 soya fasulyesi ithalat\u0131n\u0131 g\u00fc\u00e7lendirerek tedarik zincirini yeniden \u015fekillendirirken, m\u0131s\u0131r ithalat\u0131nda da ABD yerine Brezilya’y\u0131 tercih etti. Ayr\u0131ca Kanada’dan ithal edilen kolza (kanola) k\u00fcspesine y\u00fczde 100 g\u00fcmr\u00fck vergisi uygulamaya ba\u015flad\u0131. Analistler, bu geli\u015fmelerin \u00c7in’in yem sekt\u00f6r\u00fcnde arz a\u00e7\u0131\u011f\u0131na yol a\u00e7abilece\u011fini ve G\u00fcney Amerika’dan soya fasulyesi talebini art\u0131rabilece\u011fini belirtti.<\/p>\n
\u00d6te yandan, Brezilya i\u00e7 piyasada g\u0131da enflasyonunu kontrol etmek, Vietnam ise ABD ile ticaret dengesini korumak i\u00e7in tar\u0131m \u00fcr\u00fcnleri ithalat vergilerini d\u00fc\u015f\u00fcrd\u00fc. Ge\u00e7en hafta hava ko\u015fullar\u0131 da emtia piyasalar \u00fczerinde etkili oldu. ABD’nin g\u00fcney eyaletlerinde ya\u015fanan olumsuz hava \u015fartlar\u0131 bu\u011fday \u00fcretiminde dalgalanmalara neden olurken, Arjantin ve Brezilya’da ger\u00e7ekle\u015fen ya\u011f\u0131\u015flar m\u0131s\u0131r ve soya fasulyesi verimini k\u0131smen olumlu etkiledi. Bu geli\u015fmelerle, ge\u00e7en hafta Chicago Ticaret Borsas\u0131nda kile ba\u015f\u0131na fiyatlar soya fasulyesinde y\u00fczde 0,8 ve m\u0131s\u0131rda y\u00fczde 2,2 azal\u0131rken, pirin\u00e7te y\u00fczde 1,3 ve bu\u011fdayda y\u00fczde 1 artt\u0131.<\/p>\n
\u00d6te yandan, Hindistan Pamuk Birli\u011fi (CAI), \u00fclkenin 2024-2025 sezonunda pamuk \u00fcretiminin t\u00fcketimin gerisinde kalaca\u011f\u0131n\u0131 ve bu nedenle pamuk ithalat\u0131n\u0131n bir \u00f6nceki y\u0131la g\u00f6re iki kat\u0131na \u00e7\u0131kabilece\u011fini a\u00e7\u0131klad\u0131. Kahve fiyatlar\u0131 ise talebin azalaca\u011f\u0131 endi\u015feleri ve Brezilya’da ya\u011f\u0131\u015flar\u0131n artarak kurak hava ko\u015fullar\u0131n\u0131 hafifletece\u011fi tahminleri nedeniyle de\u011fer kaybetti. ABD’de faaliyet g\u00f6steren emtia borsas\u0131 Intercontinental Exchange’de libre baz\u0131nda fiyatlar, \u015fekerde y\u00fczde 4,8, pamukta y\u00fczde 1,9 artarken, kahvede y\u00fczde 1,9 azald\u0131. Kakaonun ton ba\u015f\u0131na fiyat\u0131 da haftay\u0131 y\u00fczde 4,9 azal\u0131\u015fla tamamlad\u0131.<\/p>\n","protected":false},"excerpt":{"rendered":"
Emtia piyasas\u0131nda ge\u00e7en hafta, ABD’nin uygulamaya koydu\u011fu tarifeler ve d\u00fcnya genelinden gelen kar\u015f\u0131 tarife hamlelerinin…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-87637","post","type-post","status-publish","format-standard","hentry","category-tarim"],"yoast_head":"\n