Finally, what about the supply of cars in the commodity exchange?

According to Tejarat News, 430 Fidelity and Dignity vehicles were to be offered on the Commodity Exchange last Wednesday. But with the overnight decision of the Ministry of Silence car Cancelled.

One day before the launch of the car on the Commodity Exchange, June 6, Manouchehr Manteghi, Deputy Minister of Transportation Industries of the Ministry of Silence, sent a letter to Hamed Soltani Nejad, CEO of the Commodity Exchange, announcing the ban on the commodity exchange.

According to the letter, stop the car deal on Commodity ExchangeAccording to the approvals of the 63rd session of the Supreme Economic Coordination Council in October last year, during which the responsibility for market regulation is the responsibility of the Ministry of Silence and will be coordinated by the Market Regulation Headquarters. However, the Ministry of Silence has not published the council’s decision due to confidentiality.

Now, the Ministry of Silence, in a statement, said that the reason for this supply ban was the increase in the astronomical price of the car!

However, studies show that the supply of any product in the commodity exchange brings that product to the price equilibrium. The reason also goes back to the supply method. Products are traded on the stock exchange by supply and demand, and this prevents astronomical price increases.

Increase inflation by liberalizing car prices

Ruhollah Izadkhah, a member of the Parliamentary Committee on Industries and Mines, in a conversation with Tejarat News about the supply of cars in Commodity Exchange Says: The Industries Commission is ready to offer this product in the commodity exchange. The bill was ready, but due to changes in the government, this process did not go ahead and its generalities have been approved.

He continues: The supply of cars in the commodity exchange needs a law. In other words, in the current situation, the Ministry of Silence, in coordination with the headquarters, regulates the pricing of products. However, given that this policy is ineffective and the Competition Council has not been able to balance the market through pricing, the parliament concluded that this product should be offered on the commodity exchange.

“Given the current pricing method, the car registration system has not performed well, and we will probably have to enter the legislative process and refer it to the court,” he said.

Izadkhah goes on to say: When the supply of this product is less than the demand, grammatical pricing is not responsible. On the other hand, if prices are released and products are traded at market margins, inflation will become more expensive. Our suggestion is to let people determine the price of the car, which is the same as the stock market supply and demand method.

He emphasizes: it is fairer to buy such products from the stock exchange and this method is more efficient when supply is less than demand.

According to Izadkhah, there is a legal obligation Car entry into the capital market Does not exist.

Who benefits from the supply in the commodity exchange?

On the other hand, last night, the Ministry of Silence announced why the supply of cars in the commodity exchange was stopped.

The announcement states: The supply of high-demand and low-demand cars in the commodity exchange will lead to an astronomical increase in their prices, as well as their triple price (product price, stock price, market price).

Some private carmakers have not done their national duty to evade car sales in the integrated system and try to make more profit. Therefore, the Commodity Exchange is expected to assist the Ministry of Silence in managing the integrated car market instead of playing on the profit field of a carmaker.

The car is not offered in the commodity exchange?

The car supply was canceled on Wednesday. The Ministry of Silence has announced that the commodity exchange is the cause of the increase in car prices and only the products of one automaker will be offered in the exchange.

On the other hand, Javad Jahromi, Deputy Director of Commodity Exchange Operations, said that the Supreme Council of the Exchange is considering the capital market as a regulatory body. If they come to the conclusion that the Commodity Exchange can supply the car, we will definitely see the supply.

Is the cancellation of supply only related to this car group or is the supply of cars in the commodity exchange blocked in general?

Trade News News from the Commodity Exchange shows that the supply of cars in the Commodity Exchange depends on the decision of the Ministry of Silence and the Supreme Council of the Commodity Exchange.