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Sunday, September 2, 2018 - 11:20:24 PM
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Mining News Pro - Behroz Rahmati, director of affairs and investment and copper companies said: "Given the trend of global prices, the export situation, the possibility of commodity price liberalization, and The Outlook of Fomly is very clear.
According to Mining News Pro - The National Iranian Copper Industry Company announced in a clear statement that the formula for pricing basic copper products on the stock exchange was changed in accordance with the "Article 3" of the SMT, and instead of calculating base prices with the formula (LME * the official exchange rate of the Central Bank), prices with the formula LME * 1.1 * The official exchange rate of the central bank will be calculated.
With this, the demand for copper products fell on stock exchanges! The drop in demand can be expected to reduce false demand and counterbalance the copper market, although there are concerns about the possibility of product quotas.
Behrouz Rahmati added: "After supplying the domestic market, the surplus will flow to export markets; talks with Asian companies will be held, and with good management of the managers, we will not be particularly concerned about the export of products under tightening sanctions."
The director of affairs and investment affairs and assemblies of the National Iranian Copper Industry Company said: "There is no concern about the quotation of products, and all customers who have bought through them during the years are also able to meet their needs, but with realistic prices The false request will be deleted.
"During these years, the country`s copper market has always faced with surplus supply to domestic demand, and if it did not falsify false claims, such as manipulating prices, it would not see any shortages," he added.
Rahmati added: "Fomly will produce 220,000 metric tons of copper cathode this year, while the domestic market needs a maximum of 120,000 tons; while prices are still at a true price, and we hope the exchange rate will change in the pricing formula. Slowly
The director of shares and investment affairs and assemblages of Copper Corporation said: "After supplying the domestic market, the surplus will flow to export markets; negotiations with Asian companies have been carried out and, with good management of the managers, a special concern for the export of products We will not be in a tightening of sanctions.
Fellowship with Fomly Development Plans stated: Last year, the Melt Flux Development Initiative came into operation, and the completion of this project depends on the use of two Sulfuric acid production plans that by the end of this year, two Sulfuric Acid plants will be integrated into the circuit and It will help to complete the flash melting capacity.
He said world prices were around $ 7,000 for around 8 months, and prices fell slightly with American trade, but global prices are likely to stabilize at $ 6,000 to $ 7,000.
At the end of his favor, he noted: "Given the trend of global prices, the situation of exports, the possibility of commodity exchange liberalization, and ... the prospect of "Fomly "is very clear.
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