distinction in motion. sitting on the first page. o sitting on the first page, it is there. look on the other side of the fence, the pleasure of visiting is there. o seat of the first row, stand up justice. the rest of your shoulder is the burden of trust, get up in the first row, the first row, the row of the people, your stronghold is your stronghold, this is the table and there is hope for you, on the other side of the table, in your eyes, in the name of god, greetings to you

, the people of iran, ladies and gentlemen. first, when it comes to the capital market, usually the main idea that comes to our mind is the stock market, which now exists in various forms, but well, the capital market is not exclusive to shareholding. there are other types of capital market both in the world and in iran, among them is horus energy and commodity exchange, and there are more examples than these. tonight, we are hosting the honorable general manager

of the commodity exchange, mr. jahri, who came to the first page of the program, i say hello again, mr. jahormi, and welcome . we are going to talk to you about the commodity exchange. both for those who do not know what the stock market is and for those who do do you know what's going on here? they ask for more specific questions and words . let's talk tonight in the name of allah, the most merciful . well, for those who don't know the commodity exchange, first give an introduction about what the commodity exchange does . i will tell you that in 1982

, metals were formed according to the needs felt in the country's economy, after that, the agricultural exchange and after the law. the market was formed in 2006 from the merger of these goods. many of the needs that were discussed that day and it was felt that it should be a commodity still exist today in the country's economic situation, so we are concerned about the gap between the price of the product that is sold in the factory and the product in the open market. the discussions of price rents that have been discussed and from the side of the administrative bureaucracy based on which permits are issued, or the discussions of golden signatures, etc., which have been heard time and time again, caused that both in the rules of the program and later in the law of the market, the set of governance, in terms of the law, seeks to form a position like a commodity.

from that day until now, many steps have been taken and this institution, which in the country's economy is now counting from the metal stock exchange, has passed its 20th anniversary and has evolved. commodity exchange has different functions for all economic sectors of the country. if we want to look at it, when the goods start... we had a limited number of suppliers and maybe buyers. today, the growth of both suppliers and buyers shows that the commodity exchange has been able to gain its position and grow . last year, we had nearly 800 suppliers in the commodity exchange, more than a thousand traded items. set. 118 million are almost the products that have been sold in the commodity exchange, and as we are talking today, this year so far, nearly 95 million tons. the traded product

will reach 134 million products if we see the same trend for the rest of the year. to be close to the mind. this number we are talking about is almost equivalent to 21% of the country's road transport, or if we want to look at it in terms of value , it is about 10% of the country's gdp . it is traded in the commodity exchange. a market to buy and selling goods means if we assume that the model that you know exists for determining the price of coins and buying and selling coins in green, we will systematize it every morning and spread it from coins and multiply it to different goods. no, i will explain it to you.

we have different functions in the commodity exchange. now, because of your question , i will talk about one of the functions that may be more concrete for people . last year when we had car deals until today we are together now we are talking about 42 billion tomans in fines from car manufacturers and we paid to the account of the people who received the car late. maybe before the inspection of the goods, there was nothing in the country that at this rate, i would like to come to you people, if they have cars, it will be later. they deliver. they can complain somewhere and get damages for the delay in delivery. for example, in one of the cases, for example , he bought a car for 1 billion and 300 million tomans , but received 20 million tomans only as a fine for delay from the car manufacturer. now from one day to higher times. a fine that we pay

it will be paid to the account of the person who suffered and received the goods later. while if he wants another place, he will pay a fine. the money goes into the treasury and will not necessarily reach the person who has been deprived of his right. so, one of the functions of the commodity exchange is to guarantee the transactions of the parties . both in quality and delivery time. what i gave as an example about the car is also true for our other products, but the car should be tangible . i gave an example to the people . last year , we received a guarantee of about 50 thousand billion tomans from the car manufacturers for their products. supply through the legal support that existed, and if they wanted to offer in this structure, they should have accepted this . i don't think there is anywhere else in the country that can have such an authority and executive guarantee, which would require a fine guarantee from hodrooz or other cases.

or take a guarantee and pay the people, so one of the functions of the product is to deal with complaints, which we also have in the industry, maybe we go back to very distant times, some friends in the industry say that we may have bought a load from a company. we were afraid to complain or you didn't know at all we can file a complaint and say, sir, this time we bought from you, there is a quality problem. today, the companies are filing their complaints in the downstream industries. if it is right, an expert will check it, and finally, we had verdicts and cases where the burden has been shifted. it means that a fine has been paid to the returned company. in some cases , it is not justified, and this mechanism has matured both the downstream industry and the upstream industry. the most important thing that i want to tell you is that the commodity exchange made our industry grow both upstream and downstream in our country. transactions of polymer enclosures in the commodity exchange have grown by more than 70. the meaning is that the industry below us

has grown to be able to absorb this limited and the industry above me has provided this need . they go through many intermediaries. today, we have buyers from all over the country who are buying goods from morse. we had 500 buyers in the year 2015, for example , and today there are nearly 20,000. it shows that the industry is growing in our country , supplying the raw material needs of companies it is important that the owner of the growth of the industry is that we were able to provide this little by little, how we did the tools that we came with the help of other institutions and governance bodies such as the ministry of sand, the ministry of oil and others. they have a monopoly and how can they be managed otherwise? we have come to the place of compliance. it has been announced that, mr. for example, company x. now i

will not mention the name, so that there are no cases. let's supply the government, buyers know that every week in what condition is it being supplied with these enclosures? and they can plan for it. the supplier knows and then delivers it to the domestic market. if he wants to use his exclusive power or not bring this offer, do it. inc. which department. now, the government, for example, the support organization and others can investigate and say that you, sir, did not comply with the blasphemy , and it should be dealt with in accordance with the legal cases, so the steps you have taken in these years have been taken so that we can bring this market to a level where both sides both the buyer and the supplier can benefit in a different way. check the goods and services it was for the suppliers because they were excluded from the scope of mandatory pricing, now the petrochemical steel industry, etc.

, were able to sell themselves with the same sales. it has greatly increased. it was due to this process that the commodity exchange was created for companies . i want to look at it from the government's point of view. the value added tax that was collected by there were transactions that were done in the commodity exchange, the government could easily see where the transaction took place and take the added value of it. let's leave this aside, they are talking a lot about taxes and other things. they don't know where the tax source is , can it be monitored or not? no, but there is a platform for this now. on the other hand, the help that the commodity economy has given in the field of resistance economy, some of the clauses of the policies of the resistance economy that were issued are working exactly in accordance with

them. well, the product that is first offered in the commodity exchange can you specify the standard and analysis and deliver them to me in accordance with that width ? one step ahead of the warehouses that we came to accept. suppose that in the field of saffron production, the farmer goes to the warehouse and delivers the product to the warehouse based on the analysis that we announced earlier . in the year of mashhad, i was in the elders' room of mashhad, the saffron activists themselves said this, that this process helped our saffron to find a suitable standard . suppose, if earlier, more bushels of saffron were produced, now it has come to negin and super negin saffron, a farmer with higher productivity. he came because the saffron warehouses, let's say nagin superni, etc., are delivered to the customer who wants to buy, he knows what he is buying saffron on, and this was formed in a standardization process, or in the corn product that we had in article 33 in 1995 , embardo .

which was delivered, it was appropriate, he was obliged to deliver the goods based on the percentage that we announced, and the standard that we announced. it's not all corn, it's possible that there are other things besides this it was that, for example, the work in the field of standardization could help, or what is resistant in economic policies, in the field of updating the monitoring that should be done on the market. the information is based on real transactions easily from the governing bodies that are issued in the commodity exchange. maybe there are some systems in the country, their information is self-declared or their information is not reliable, it is possible that the product information will change later because it is being formed based on the transactions. i send the data to the islamic republic of iran customs i send monitoring devices. therefore, when someone wants to do an investigation, he can easily access this data and process

it. however, in many of the cases that were processed in the past years, the food authority used the same source and you issued the verdict. we want it as the government and the government should see this. when we first came, we saw the difference between upstream and downstream. he said, "i have so many burdens on the domestic market. he said, "you didn't give me a centralized place and there was no single data." the goods are the same as the data let's say that the data became a commodity, the time of the data, the commodity exchange was easy to check. every week, every deputy minister, every minister, anyone can see that this week, let's say what happened to steel, cement, petrochemicals and any other product in the commodities market, and if we assume let's say a product is decreasing, it can receive the necessary warnings , sir, in the coming weeks, there may be a decline in it, from now on, you should see and tell. i

am open to the warnings and signs that the stock exchange provides to the policy maker so that he can act accordingly and in the places he thinks. i mean, with your presence, will there be an anomaly in the market , or will there be a dispute, a dispute is going to arise, stop it. let me give you an example. i, in the commodity exchange, or we as the commodity exchange , play the role of a temperature gauge or an economic thermometer of iran. we are going to show there that these goods are being traded in the commodity exchange. let's suppose that a performance is being sold with high competition, or let's suppose that the price that is being traded is higher than what you might expect, so one way is to come and say, sir, this is the price. why is it showing this at all, this test is showing this, but what can help the policy maker is to investigate the reasons that

showed this deviation exists or why it is high according to this patient. pet butter, which is used for the production of mineral water, raw materials for mineral water, soft drink containers, heart milk, non-buttermilk, etc. well, we now have this, for example, with high competitors in the commodity exchange , it will be traded, this is when we put this warning into our policy. it says that, sir, this difference exists, you look at it every week make sure that what you are all domestically producing in the goods review is not something from somewhere else that we say is not supplied or the supplier is supplying less power, not what it is producing , it is supplying what it is producing in the goods inspection, but every week you see that there is an inflammation in the market, so this message conveys the message to you that , sir , your demand for this product has increased in the past years for any reason

. they introduce the producer to me, his share and others , and from that side based on the agreements we did and the floor of the supply that haran company should do the statement of their supply. when we are doing all the supply, we are coming, there is more demand in the market and it is causing this competition. well , this is sending the warning that sir, this market is in a state of imbalance. mr. policymaker , use tools to balance this market. in order for the market to reach equilibrium, for example, in the short term, this import should be done. for example , he says, "sir, now we want to import. the next question is, how much should we import?" every time, we import so much more than we need that the next year the price of that product will drop, or the person who imported it will suffer. in general, the whole market may collapse because the number we estimated and imported was not the correct number .

here he helps us again, he says, sir, for example, i will give an example of a week, 200 according to the demand that exists in the market, and it seems to be a real demand, and the data he has and the data he has from the ministry of industry, he tells us a week. we have a shortage of 200 in this product, so 200 should arrive this week if this is really for the long term the next policy that the policy maker should have is to build a complex inside the country that will produce this long-term product for us and the surplus will go to export. well, this will also help so that the price is no longer the price of the old ones. i don't need to lose money . or it is not necessary to remove it, it is not necessary to manage the markets under the same conditions. in all, according to the various tools that exist in the commodity exchange , such as cash advance loan contracts, long -term contracts against kashf premium, etc. , it is possible to manage different markets, this is the potential that we can check the goods by using the capacity

let's put it under the authority of the governing body of consumers and producers. well, it's an old lawsuit. it has always been between goods and the ministry is not related to this government. different governments have always had a difference between the two, and the difference is technical and expert. each of them gives their own reasons. the commodity exchange is being accused of, for example, increasing the price more than what should be done. my colleagues should prepare a report about cement and come back to ask questions. this was the situation of buying cement before june 1400 , when this product had not yet reached the stock market.

the price is very expensive , even up to 10,000 tomans. the truth is that our distribution system is not suitable. this release from mandatory pricing in khordad 1400 coincided with the power outage of sanaya unit 4, which is located in front of you, due to the lack of electricity and reduced demand. unfortunately, we cannot deliver 4,000 tons of cement a day to east azarbaijan province due to lack of production. unresponsive supply and demand of cement in the market caused a 45% increase in the price of cement. from june to the end of september. cement is an expensive problem. the second problem is the problem of electricity. they say, sir, there is no electricity. we are running low. cement cannot be produced. with the balance of the equilibrium conditions, this product also returned to the market, so we saw a decrease in the price of cement in the second month of the year. cement has become much better than before. it has become more abundant, the price has come down a lot, cement has become more expensive

, now it is again since cement transactions became competitive in the commodity exchange , the price of this product is affected by the increase in production costs. and the major part is the cost of energy. the fuel itself is almost 18, the price is close to yours, we have run out. considering all these factors in the first 3 months of 1401 caused the rate of each case to increase by 22. due to the increase in the wage rate , we had a 53% wage growth in 2014. the increase in the rate of energy factors is a constant growth, for example. but the statistics of supply and demand, including in the 3 months of summer, show that electricity and gas outages have been managed since 14011, and we

have not seen a drop in production or sales in the cement industry. and tell me that you didn't really make the tv more expensive. is the same thing about rebar and iron ? let me tell you about the discussion we had a few minutes ago . in the same report that you aired , i brought up various issues in the report, for example , i brought up the definitive argument that when we want to talk about goods, is the price that it has affected by something? we have to see what we are comparing it with . in the science of statistics, many things are summarized as fallacies, or the basis of comparisons is the basis of comparisons

it is not accurate. so all these should be equalized . the second point is that the factors influencing the price of each product should be examined separately and we should come to the same year that he will make a policy to see what to do in order to reach the required temperature of the thermometer. i will tell you about all the goods. it is possible. the supply of a product is expected, the suppliers expect that the supply will decrease in the coming weeks or months , so the demand will increase today, for example , the uncertainty of whether, for example , what will happen to gas in the coming months or electricity in the summer what happened it happens, etc., or the product needs to be imported, like the bottle product that i mentioned, your service needs to be imported, so maybe this will happen until the import price is close, or something else . assume that it is going to undergo major repairs, which a company is going to do in the month. another 3 months, one more month, and this will have an effect. i will give an example

, if you remember, i think it was last year. it has become very expensive, but why is it expensive? it had undergone major repairs due to the fact that its raw material, stard monomer, had undergone major repairs in a period of time. there was no import and the import was delayed. well, when the supply of the raw material is reduced, the next product will definitely increase in price because everyone expects that it will not happen . well, they are saying exactly the same thing, sir, is it so competitive in the commodity exchange, or is it expensive? it was the same thing that we have as an indicator, we show that sir, the problem is in food, for example, steroids, which we have to start importing so that the market is regulated. so, whatever is happening in the commodity exchange, and if someone has the impression that it is being traded above a certain number , let me give another example, maybe in the back and front chains of a product, decisions have been made in other parts that

are going on . this market puts it, maybe, for example, i am saying that we will announce a part of the chain , you, for example, the price of land should be returned based on, for example, the exchange market, the previous and next chain , we say, for example, you can bring gold, well, it is clear that these are one and the same. it affects and we may see new prices. so we can't easily let's say a product that has increased in price, what exactly is the problem, all these factors should be examined in order to come to the conclusion that the problem of this product is this, and based on this, a solution should be extracted and created . there are also some other points. hey friends, now it's coming up, sir, has it become more expensive, has it become cheaper, or whatever , as i told you, the basis of comparisons is compared to the first of the year, compared to the previous week, compared to a year ago, and other things, whether it was the same or not, for example , how many are you now? last week, due to food problems in some enclosures, supplies are low well, naturally, the price of this will increase, so

what did he do next? he increased the first part. therefore, i would like to ask all the friends who comment on this matter and raise their concerns that we are all concerned that no one is trying to increase the price. the goal is that if we are criticizing, we will say a point to see all aspects of an issue so that we can have a solution and reach a conclusion with it. for example, about monitoring the determination of the price floor, or for example, let's assume that the way of supplying rebar in the form of a basket, which now has some variations, do you actually see the role of

the commodity exchange as effective or not? 3 working days before, if something is announced and implemented, we must announce it to the market so that everyone knows about it, or our announcements in this regard, it is not that we take the decision in a special place without anyone knowing, only we know and come, no, we must clearly announce it to the market. it has been tried in the case of products that have a formula, for example in the case of the same product, now rebar and ingot, and now about steel , we can assume that the base price of these products has no relation to the global price or the price of the product since the end of 1400 . in a defined interval and discover the next prices, on the one hand, we are separated from the world prices, and now the dollar was separated, on the other hand , if the shock price happens in other markets, it would affect the

domestic market at the same time. we should be stable whether it is increasing or decreasing the price, which is almost the same the graphs also show, therefore, we tried to go in this direction in these two products , we also announced the formulas, even in order to be able to include the performance of the companies in it , this formula depends on the performance of my companies, because sometimes maybe the companies make offers that they don't want to sell their products and they don't want to sell the product. well, we came to reduce the price if your product didn't sell. you will face and this caused that in the past years, based on this experience , there are more regular supplies and this growth of transactions that we are seeing is happening, a blessing for this is the same issue. the next thing you said about the supply of baskets and others. by the way, we discussed this in many ways. we don't have a problem with the supply of individual grids. however, we offer single cement . the same is true for rebar, which means that we can

separate the branches as well. now we have a separate branch and it is being offered. some companies offer this as a basket due to the basket of products they are producing . we are the decision-makers in this area and we follow the policies announced by the ministry of industry. if the ministry of home technically comes to the conclusion that sir, of course the things that have been done, for example, the percentage of the baskets have changed. previously, these were all from milgade. let's assume that light to heavy were all one basket. now , almost billions of styles are separated from one basket . but due to the fact that there were expert discussions in the ministry about whether a company is really coming and producing different billions. if there is a problem in the production process or in the manufacture of it, whatever they let us know, sir, please supply it individually, for example , we will do the same thing if needed. if it is done in the same way as it is now, there will be a problem. the next thing is that

we have this special way that the companies that want special rebars or want a special basket of products in your presence also express their demands in the product list. i can almost say now that the largest cement contractors in the country are buying goods from bers, and there was nothing like this on the first day . it took a little time to form and this market was created. other enclosures are big companies that have economic activities in the country they are doing their shopping, and according to their needs , there is absolutely the possibility that the supply will take shape and take shape. one point in these past weeks or the cases regarding telegram dollars, etc., that 's what i wanted now. let me ask, yes, it will be mentioned. you can see that we are talking about you in the article, which i said , actually since 1400