The overwhelming buying force in the world raw material market

Closing the day, the MXV-Index of all 4 product groups increased, pulling the MXV-Index up 1.07% to 2,198 points. The transaction value of the entire Department is at 4,712 billion VND. Notably, the transaction value of the agricultural product group increased significantly, nearly 87% compared to yesterday, accounting for about 52% of the total transaction value of the entire department. After 3 consecutive sessions of oil prices going down, yesterday, commodity prices rebounded by more than 2% because supply in Kazakhstan was affected by a storm hitting the Black Sea. In the agricultural market, soybean futures prices in January 2024 also recovered, soybean oil prices also jumped 3.68% during the session thanks to indirect support from the recovery of oil prices. According to MXV, at the end of the trading day on November 28, oil prices ended a series of declines for 3 consecutive sessions when supply in Kazakhstan was severely affected by storms hitting the Black Sea, a transit ...