Gedik Yat\u0131r\u0131m, T\u00fcpra\u015f’\u0131n Temmuz 2026 \u00fcr\u00fcn marjlar\u0131na ili\u015fkin de\u011ferlendirmesinde, \u015firketin \u00fc\u00e7\u00fcnc\u00fc \u00e7eyre\u011fe g\u00fc\u00e7l\u00fc bir ba\u015flang\u0131\u00e7 yapt\u0131\u011f\u0131n\u0131 belirterek g\u00f6r\u00fcn\u00fcm\u00fcn\u00fc\u00a0“olumlu” olarak de\u011ferlendirdi.<\/p>\n
Raporda, dizel, jet yak\u0131t\u0131 ve benzin marjlar\u0131nda Haziran ay\u0131na g\u00f6re belirgin iyile\u015fme ya\u015fand\u0131\u011f\u0131, bunun da \u015firketin k\u0131sa vadeli k\u00e2rl\u0131l\u0131k beklentilerini destekledi\u011fi ifade edildi.<\/p>\n
Analize g\u00f6re, Haziran ay\u0131nda g\u00f6r\u00fclen s\u0131n\u0131rl\u0131 normalle\u015fmenin ard\u0131ndan Temmuz ay\u0131nda rafineri marjlar\u0131 yeniden g\u00fc\u00e7 kazand\u0131.<\/p>\n
\u00d6zellikle orta distilat \u00fcr\u00fcnlerinde dikkat \u00e7ekici bir toparlanma ya\u015fan\u0131rken, marjlar hem ge\u00e7en y\u0131l\u0131n hem de tarihsel ortalamalar\u0131n \u00fczerinde ger\u00e7ekle\u015fti.\u00a0<\/p>\n
Y\u00fcksek k\u00fck\u00fcrtl\u00fc fuel oil (HSFO) marjlar\u0131nda ise s\u0131n\u0131rl\u0131 iyile\u015fmeye ra\u011fmen zay\u0131f g\u00f6r\u00fcn\u00fcm devam etti.<\/p>\n
Temmuz ay\u0131nda dizel marj\u0131, Haziran ay\u0131ndaki 45,8 ABD dolar\u0131\/varil seviyesinden 75 ABD dolar\u0131\/varile y\u00fckselerek Mart ay\u0131ndan bu yana en y\u00fcksek seviyesini g\u00f6rd\u00fc. Bu rakam, Temmuz 2025’teki 26,3 ABD dolar\u0131\/varil seviyesinin ve be\u015f y\u0131ll\u0131k ortalaman\u0131n olduk\u00e7a \u00fczerinde ger\u00e7ekle\u015fti.<\/p>\n
Jet yak\u0131t\u0131 marj\u0131 da 42,1 ABD dolar\u0131\/varilden 64,1 ABD dolar\u0131\/varile y\u00fckselirken, ge\u00e7en y\u0131l\u0131n ayn\u0131 d\u00f6nemindeki 20,2 ABD dolar\u0131\/varil seviyesini \u00f6nemli \u00f6l\u00e7\u00fcde geride b\u0131rakt\u0131.<\/p>\n
Yaz sezonundaki g\u00fc\u00e7l\u00fc talebin etkisiyle benzin marj\u0131 ise 31,4 ABD dolar\u0131\/varilden 43,9 ABD dolar\u0131\/varile y\u00fckselerek y\u0131l\u0131n en y\u00fcksek seviyesine ula\u015ft\u0131. Bu seviye, Temmuz 2025’te kaydedilen 16,2 ABD dolar\u0131\/varilin olduk\u00e7a \u00fczerinde ger\u00e7ekle\u015fti.<\/p>\n
Buna kar\u015f\u0131n y\u00fcksek k\u00fck\u00fcrtl\u00fc fuel oil (HSFO) marj\u0131 -12,5 ABD dolar\u0131\/varilden -12,4 ABD dolar\u0131\/varile s\u0131n\u0131rl\u0131 bir iyile\u015fme g\u00f6sterse de ge\u00e7en y\u0131l\u0131n -7,2 ABD dolar\u0131\/varil seviyesinin alt\u0131nda kalmay\u0131 s\u00fcrd\u00fcrd\u00fc.<\/p>\n
Gedik Yat\u0131r\u0131m, orta distilat marjlar\u0131ndaki toparlanman\u0131n, Rusya’n\u0131n benzin ve dizel ihracat\u0131na yeniden getirdi\u011fi k\u0131s\u0131tlamalar nedeniyle k\u00fcresel \u00fcr\u00fcn arz\u0131n\u0131n s\u0131k\u0131la\u015fmas\u0131 ve Orta Do\u011fu’da artan jeopolitik gerilimin b\u00f6lgesel arz kesintilerine y\u00f6nelik endi\u015feleri art\u0131rmas\u0131yla desteklenmi\u015f olabilece\u011fini belirtti.<\/p>\n
Raporda ayr\u0131ca a\u011f\u0131r ham petrol diferansiyellerinin May\u0131s sonu ve Haziran ay\u0131ndaki ola\u011fan\u00fcst\u00fc y\u00fcksek seviyelerden gerilemeye ba\u015flamas\u0131n\u0131n, a\u011f\u0131r ham petrol i\u015fleme ekonomisini yeniden iyile\u015ftirdi\u011fi vurguland\u0131.<\/p>\n
Gedik Yat\u0131r\u0131m, g\u00fc\u00e7lenen \u00fcr\u00fcn marjlar\u0131 ile hammadde maliyetlerindeki bask\u0131n\u0131n hafiflemesinin birlikte de\u011ferlendirildi\u011finde, T\u00fcpra\u015f’\u0131n \u00fc\u00e7\u00fcnc\u00fc \u00e7eyre\u011fe daha destekleyici bir rafineri marj\u0131 ortam\u0131nda girdi\u011fini ifade etti.<\/p>\n
Raporda, “Temmuz verilerini T\u00fcpra\u015f a\u00e7\u0131s\u0131ndan olumlu de\u011ferlendiriyor ve 3\u00c726’da da g\u00fc\u00e7l\u00fc rafineri k\u00e2rl\u0131l\u0131\u011f\u0131n\u0131n devam etmesini bekliyoruz.” de\u011ferlendirmesine yer verilirken, hisse i\u00e7in “Endeks \u00dczeri Getiri” tavsiyesi ile 436,80 TL hedef fiyat korundu.<\/p>\n
<\/strong> \u0130stanbul, 3 A\u011fustos (Hibya) \u2013 Gedik Yat\u0131r\u0131m, T\u00fcpra\u015f’\u0131n Temmuz 2026 \u00fcr\u00fcn marjlar\u0131na ili\u015fkin de\u011ferlendirmesinde, \u015firketin \u00fc\u00e7\u00fcnc\u00fc \u00e7eyre\u011fe g\u00fc\u00e7l\u00fc bir ba\u015flang\u0131\u00e7 yapt\u0131\u011f\u0131n\u0131 belirterek g\u00f6r\u00fcn\u00fcm\u00fcn\u00fc\u00a0“olumlu” olarak de\u011ferlendirdi.<\/p>\n","protected":false},"author":1,"featured_media":125862,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAow07ekDA:productID":"","footnotes":""},"categories":[12,4,1],"tags":[],"class_list":["post-125861","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-spor","category-dunya","category-ekonomi"],"_links":{"self":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts\/125861","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/comments?post=125861"}],"version-history":[{"count":0,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts\/125861\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/media\/125862"}],"wp:attachment":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/media?parent=125861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/categories?post=125861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/tags?post=125861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nEKONOM\u0130 GAZETES\u0130 <\/p>\n","protected":false},"excerpt":{"rendered":"