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Weekly Report
Thursday, 27 June 2024
Publication
The price of crude oil contracts traded on ICDX throughout the week ending June 21 was observed to move steadily and closed slightly higher by 0.05%. Some of the sentiments that became the focus of the market include the geopolitical situation in the Middle East, especially regarding the war in the Gaza Strip and the escalation of tensions between Israel and Hezbollah, economic growth in China, and expectations of US interest rate policies.
Weekly Report
Wednesday, 19 June 2024
Publication
The CPOTR price movement decreased within a week to IDR 11,495/Kg due to the decline in prices of other vegetable oils. When the price of soybean oil is cheaper, the profits from using CPO are reduced because these two commodities can replace each other. Additionally, the release of increasing and decreasing Malaysian CPO production put pressure on prices.
Weekly Report
Gold price weakened to a figure of $2291 compared with Sunday Then consequence uncertainty and volatility market, although expectations will pruning ethnic group interest by the American central bank which was followed by a cooling trend global economy as well level request still gold classified is at a high level guard price gold .
Weekly Report
Wednesday, 29 May 2024
Publication
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.
Weekly Report
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.
Weekly Report
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.
Weekly Report
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
Weekly Report
Tuesday, 30 April 2024
Publication
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.
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