My Persian Demand to remove the dollar from the pricing of petrochemical and steel products / Minister Sammet’s promise to remove the role of the dollar in the price of goods

According to the economic reporter of Fars News Agency, one of the important issues that has been raised among experts for years and has not yet reached a definite conclusion is the pricing of petrochemical and steel products domestically with the dollar rate.

Petrochemical and steel products are priced domestically based on the Persian Gulf FOB price and the dollar rate because they can be exported.

Some economic experts believe that the dollar should be removed from the pricing method of petrochemical products and all petrochemical products should be offered on the commodity exchange for the purpose of transparency.

These experts say that if all the petrochemical and steel raw materials and products are offered in the commodity exchange and from there they are provided to the domestic producer, the clarification is the minimum thing that will happen. With this method, it becomes clear how much products are produced and how much is supplied and where the money goes.

But if petrochemicals and steel companies offer their products at global prices and with small quantities in the commodity exchange, the prices will rise sharply; Because the producer has to raise the price of his manufactured product and this increase happens in a chain until finally the product reaches the consumer at a high price.

For many people, the question arises as to why the price of petrochemical and steel products has increased and they see this increase from the eyes of the producer; While it is the supplier of raw materials that raises the prices.

* The need to correct the pricing of petrochemical and steel products

Sadegh Mohebi, a capital market expert, in an interview with the economic reporter of Fars news agency, said: In the 9th government, the Commodity Exchange was formed to organize the black market of petrochemical and steel products. In that period, if a person had a license to operate in the system or was a producer, he could buy.

He emphasized: But currently, anyone who has a stock exchange code can buy goods in the stock exchange, which is not true at all. That is, if a person does not have a manufacturing company and only has a trading company, he can get a share code and buy goods from the stock exchange and sell them on the black market.

This capital market expert emphasized the necessity of price correction for petrochemical raw materials and continued: The current pricing method of petrochemical products, the world price of goods and the price of the Nima dollar, is currently an exchange market, and if the government corrects the pricing method, the witness We will reduce prices.

He stated that the main wave of mandatory pricing of petrochemical raw materials started in the previous government and added: In 2017, the previous government made a move to support petrochemicals and calculated the pricing of petrochemical products based on the world price plus half a dollar. And then he announced that these products should be offered in the commodity exchange and domestic producers should also buy through the commodity exchange.

Mohibi clarified: But when the supply is low, the space becomes so-called exclusive. In such an environment, the price rises even higher than the global price. The domestic producer, who is forced to buy the product, must raise the price of his products. As a result, the final product, such as detergents, etc., will increase in price.

He added: But what happened in the new government was that it was said that the dollar will be removed from the supply of petrochemical products, and this was a good thing that the deputy minister said. But with this statement, the voice of the petrochemical employers came and said that we cannot supply such products and we must sell them at a higher price to domestic producers.

* Removing the dollar from steel and petrochemical pricing

In this context, Seyed Reza Fatemi Amin, the Minister of Industry, Mining and Trade, says: We are seriously looking to remove the dollar pricing that happened in the case of steel. In general, product prices should be determined by Iran’s economic reality, not by the dollar rate.

Fatemi Amin continued: We have a deficit in the production of some products, which is compensated through imports. Therefore, these products should also have relative compatibility with domestic prices, which will be done with consolidated supplies.

* The dollar should be removed from steel and petrochemical pricing

Some of the audience of Fars news agency, by registering a campaign entitled “Dollar be removed from steel and petrochemical pricing”, demanded to remove the role of foreign currencies from the pricing of goods in my system. In the text of this campaign, it is stated: “Stop the dollar sale of the country’s most basic inputs, such as petrochemicals, steel, etc., so that the country’s market and economy will stabilize.”

Therefore, according to the report, the Fars news agency, according to the mission it has defined for itself regarding the follow-up of Fars subjects, will definitely put the follow-up of this issue on the agenda and will demand an explanation from the authorities.

If you wish, other users can join the signatories of this campaign; By increasing the number of signatures of this campaign, Fars news agency will definitely follow up on this matter.

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