{"id":30444,"date":"2026-03-16T19:07:51","date_gmt":"2026-03-16T19:07:51","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/td-securitiesden-daniel-ghali-kuresel-arz-aciklari-sikilastikca-borsalardaki-bakir-stoklarina-daha-fazla-basvurulabilecegi-uyarisinda-bulundu\/"},"modified":"2026-03-16T19:07:51","modified_gmt":"2026-03-16T19:07:51","slug":"td-securitiesden-daniel-ghali-kuresel-arz-aciklari-sikilastikca-borsalardaki-bakir-stoklarina-daha-fazla-basvurulabilecegi-uyarisinda-bulundu","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/td-securitiesden-daniel-ghali-kuresel-arz-aciklari-sikilastikca-borsalardaki-bakir-stoklarina-daha-fazla-basvurulabilecegi-uyarisinda-bulundu\/","title":{"rendered":"TD Securities\u2019den Daniel Ghali, k\u00fcresel arz a\u00e7\u0131klar\u0131 s\u0131k\u0131la\u015ft\u0131k\u00e7a borsalardaki bak\u0131r stoklar\u0131na daha fazla ba\u015fvurulabilece\u011fi uyar\u0131s\u0131nda bulundu"},"content":{"rendered":"TD Securities, k\u00fcresel bak\u0131r arz a\u00e7\u0131\u011f\u0131n\u0131n (\u00fcretimin talebi kar\u015f\u0131layamamas\u0131) giderek borsa depolar\u0131ndaki stoklar\u0131n azalt\u0131lmas\u0131yla kapat\u0131labilece\u011fini s\u00f6yledi. Ge\u00e7mi\u015f y\u0131llarda borsa d\u0131\u015f\u0131 stoklar\u0131n (LME\/COMEX gibi emtia borsalar\u0131n\u0131n depolar\u0131 d\u0131\u015f\u0131nda tutulan stoklar) arz-talep bo\u015fluklar\u0131n\u0131 dengelemek i\u00e7in kullan\u0131ld\u0131\u011f\u0131n\u0131 belirtti.\n\nKurum, 2023 sonu itibar\u0131yla borsa stoklar\u0131n\u0131n, k\u00fcresel yer \u00fcst\u00fc (\u00e7\u0131kar\u0131lm\u0131\u015f ve depolanm\u0131\u015f) bak\u0131r\u0131n yakla\u015f\u0131k %5\u2019i d\u00fczeyinde oldu\u011funu bildirdi. Bu pay\u0131n \u015fimdi yer \u00fcst\u00fc stoklar\u0131n kabaca %33\u2019\u00fcne y\u00fckseldi\u011fini kaydetti.\n\nKalan %67\u2019lik yer \u00fcst\u00fc bak\u0131r\u0131n ise b\u00fcy\u00fck \u00f6l\u00e7\u00fcde serbest\u00e7e piyasaya sunulabilir olmad\u0131\u011f\u0131n\u0131 ifade etti. \u00dc\u00e7 k\u0131s\u0131t s\u0131ralad\u0131: \u00c7in\u2019in Stratejik Rezerv B\u00fcrosu (devletin acil durum ve fiyat istikrar\u0131 i\u00e7in tuttu\u011fu rezerv) varl\u0131klar\u0131, asgari i\u015fletme sto\u011fu ihtiyac\u0131 (sanayinin \u00fcretimi aksatmamak i\u00e7in elinde tutmak zorunda oldu\u011fu minimum stok) ve ABD\u2019de \u201ckaraya kilitli\u201d envanterler (lojistik\/eri\u015fim sorunlar\u0131 nedeniyle piyasaya h\u0131zl\u0131 ta\u015f\u0131namayan stoklar).\n\nBu ko\u015fullar\u0131n, talebi daha fazla \u201cg\u00f6r\u00fcnen\u201d borsa stoklar\u0131na (resmi olarak raporlanan LME\/COMEX depo stoklar\u0131) y\u00f6neltebilece\u011fini s\u00f6yledi. Ayr\u0131ca metnin bir yapay zek\u00e2 arac\u0131yla haz\u0131rland\u0131\u011f\u0131n\u0131 ve bir edit\u00f6r taraf\u0131ndan kontrol edildi\u011fini aktard\u0131.\n\nY\u0131llar boyunca, borsa d\u0131\u015f\u0131 bak\u0131r stoklar\u0131n\u0131n bol olmas\u0131 sayesinde arz \u015foklar\u0131n\u0131 (beklenmedik \u00fcretim kesintileri) absorbe edebiliyorduk. Bu tampon art\u0131k ortadan kalkt\u0131; bu da k\u00fcresel bir arz a\u00e7\u0131\u011f\u0131n\u0131n, metali do\u011frudan LME ve COMEX gibi borsa depolar\u0131ndan \u00e7ekece\u011fi anlam\u0131na geliyor. Bu, piyasan\u0131n i\u015fleyi\u015finde temel bir de\u011fi\u015fim.\n\nBunun zaten g\u00f6r\u00fclmeye ba\u015flad\u0131\u011f\u0131, y\u0131l ba\u015f\u0131ndan bu yana birle\u015fik borsa stoklar\u0131n\u0131n d\u00fczenli bi\u00e7imde azald\u0131\u011f\u0131 ve k\u00fcresel toplam\u0131n yak\u0131n zamanda 150 bin tonun alt\u0131na indi\u011fi belirtildi. Bu seviyenin kritik derecede d\u00fc\u015f\u00fck oldu\u011fu; \u00f6zellikle 2025 boyunca piyasay\u0131 zorlayan G\u00fcney Amerika\u2019daki birka\u00e7 b\u00fcy\u00fck madende ya\u015fanan arz kesintileri hat\u0131rland\u0131\u011f\u0131nda, \u00f6nceki \u201cg\u00fcvenlik a\u011f\u0131n\u0131n\u201d zay\u0131flad\u0131\u011f\u0131 vurguland\u0131.\n\nKalan bak\u0131r stokunun \u00f6nemli bir k\u0131sm\u0131n\u0131n piyasaya ger\u00e7ekten sunulabilir olmad\u0131\u011f\u0131; \u00c7in\u2019in stratejik rezervlerinde tutuldu\u011fu veya sanayi faaliyetleri i\u00e7in zorunlu minimum stok niteli\u011finde oldu\u011fu ifade edildi. Bu nedenle, kolayca al\u0131n\u0131p sat\u0131labilir bak\u0131r miktar\u0131n\u0131n man\u015fet rakamlar\u0131n ima etti\u011finden daha k\u00fc\u00e7\u00fck oldu\u011fu; piyasadaki s\u0131k\u0131l\u0131\u011f\u0131n (arz\u0131n s\u0131n\u0131rl\u0131, dengenin hassas olmas\u0131) g\u00f6r\u00fcnd\u00fc\u011f\u00fcnden fazla oldu\u011fu kaydedildi.\n\nBu tablonun, \u00f6n\u00fcm\u00fczdeki haftalarda bak\u0131r t\u00fcrev \u00fcr\u00fcnlerinde (fiyat\u0131 bak\u0131ra ba\u011fl\u0131 vadeli i\u015flem ve opsiyon gibi ara\u00e7lar) y\u00fckseli\u015f y\u00f6nl\u00fc bir pozisyonu destekledi\u011fi; fiyat oynakl\u0131\u011f\u0131n\u0131n (k\u0131sa s\u00fcrede sert dalgalanma) artma olas\u0131l\u0131\u011f\u0131n\u0131n y\u00fcksek oldu\u011fu belirtildi. Y\u00fckseli\u015f beklentisine y\u00f6nelik al\u0131m opsiyonlar\u0131 (belirli fiyattan alma hakk\u0131 veren \u201ccall\u201d) veya bo\u011fa al\u0131m spread\u2019i (daha d\u00fc\u015f\u00fck kullan\u0131m fiyat\u0131nda al\u0131m opsiyonu al\u0131p daha y\u00fcksek kullan\u0131m fiyat\u0131nda al\u0131m opsiyonu satma) gibi stratejilerin, olas\u0131 bir fiyat s\u0131k\u0131\u015fmas\u0131na (k\u0131tl\u0131k ve pozisyon zorunlu kapanmalar\u0131yla h\u0131zl\u0131 fiyat art\u0131\u015f\u0131) kar\u015f\u0131 etkili olabilece\u011fi ifade edildi. Talepte beklenmedik bir art\u0131\u015f\u0131n veya arzda k\u00fc\u00e7\u00fck bir aksaman\u0131n, fiyatlar \u00fczerinde art\u0131k daha h\u0131zl\u0131 ve daha g\u00fc\u00e7l\u00fc etki yarataca\u011f\u0131 vurguland\u0131.\n<p>\n\n<p><strong>Hemen i\u015flem yapmaya ba\u015flay\u0131n &#8211; Ger\u00e7ek VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturmak i\u00e7in <a href=\"https:\/\/www.vtmarkets.com\/tr\/trade-now\/\">buraya<\/a> t\u0131klay\u0131n <\/strong> <\/p>\n<!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>Bak\u0131rda yeni d\u00f6nem: TD Securities\u2019e g\u00f6re arz a\u00e7\u0131\u011f\u0131 borsa stoklar\u0131yla kapan\u0131yor. Borsa d\u0131\u015f\u0131 tampon eridi; kullan\u0131labilir stok k\u0131s\u0131tl\u0131. LME\/COMEX 150 bin ton alt\u0131, oynakl\u0131k ve \u201cs\u0131k\u0131\u015fma\u201d riski artt\u0131.<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-30444","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/30444","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/comments?post=30444"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/30444\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=30444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=30444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=30444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}