The price of crude oil contracts traded on ICDX closed lower by 1.8% to below $78 per barrel. The main sentiment influencing oil price movements this week is still focused on US interest rate policy, the OPEC+ meeting in June, and geopolitical developments in the Middle East, especially the Gaza conflict.

CPOTR price movements increased within a week to IDR 11.265/Kg due to the market following the strengthening of soybean oil prices. When the price of soybean oil becomes more expensive, CPO becomes more attractive. Because these two commodities are indeed substitutes for each other.

Gold prices strengthened to $2,363 per Troy Ounce compared to the previous week due to the impact of rising expectations of interest rate cuts and rising geopolitical tensions.

Tin's performance declined by 5%, triggered by the low release of China's Manufacturing Index figures as the main global tin consumer country. China's official Manufacturing Purchasing Managers' Index (PMI) fell in April, to 50.4, versus an expansion of 50.8 in March. The market forecast is 50.3 in the reported month. The index continues to stay above the 50 mark, which separates expansion and contraction. NBS Non-Manufacturing PMI fell to 51.2 in April versus 52.2 forecast and 53.0 figure in March. But on the upbeat data front, China's Caixin Manufacturing Purchasing Managers' Index (PMI) rose to 51.4 in April, compared with an expansion of 51.1 seen in March. The figure beat market estimates of 51.0 in the reported month. China's economic conditions greatly influence fluctuations in world tin prices, so that the worsening of China's economic conditions also weighs on tin's performance

Crude oil contracts traded on ICDX were observed to move steadily and tend to strengthen above the level of $81 per barrel during the closing week ending April 26. Several positive catalysts that support oil prices include escalating tensions in the Middle East, the proposed 14th sanctions package against Russia, and bullish comments from Yellen.

CPOTR price movements experienced a decline in the week to IDR 13,327/Kg, triggered by expectations of a decline in demand weighing on CPO prices.

ICDX gold prices strengthened to $2,342.03 per Troy Ounce compared to the previous week as a series of hot US data dimmed the Federal Reserve's prospects for lowering interest rates.

ICDX tin rose by 0.99% compared to the previous week, supported by various factors such as the performance of the USD currency on the issue of the Fed's interest rate cut and also related to the weakening of tin stocks on the London Metal Exchange (LME) related to the turmoil of the Middle East conflict.