World raw material prices are fluctuating

Published 2024년 1월 15일

Tridge summary

Last week, the MXV-Index fell 0.52% to 2,107 points, with an average transaction value of about 5,200 billion VND per day, 20% higher than the previous week. The price list of industrial raw materials was dominated by green, with Robusta prices increasing by 5.15% and fears of supply shortages due to the Red Sea conflict supporting prices. However, Arabica saw a decrease in price due to improved supply, and the market expects Brazil and other countries to boost coffee exports. Additionally, March soybean contract prices closed the week with a decrease of more than 2% due to pressure from supply prospects in leading producing countries, with soybean meal prices experiencing the 8th consecutive week of decline while soybean oil prices increased nearly 2%.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Red covers the price list of agricultural products. Meanwhile, the prices of many industrial raw materials and energy products increased simultaneously. At the end of the week, the MXV-Index fell 0.52% to 2,107 points. Last week, investment cash flow also moved continuously with an average transaction value of about 5,200 billion VND per day, 20% higher than the previous week. According to MXV, at the end of the trading week of January 8-14, the price list of industrial raw materials was filled with green. Leading the way was the 5.15% increase in Robusta prices, remaining at the highest price level in the past 28 years. Fears of supply shortages in the market due to the impact of the Red Sea conflict were the most important factor supporting prices last week. On the contrary, Arabica is the only product in the red color of the industrial raw materials group with a price decrease of 1.53% compared to the reference. Supply gradually showed signs of improvement, causing great ...

Source: Baochinhphu