The price of the ICDX oil contract closed down almost 3 percent for the week ending April 28, weighed down by sentiment from negative statements made by the IEA, the potential for an easing of the Ukrainian conflict after China's involvement for the first time in mediating the conflict between Ukraine and Russia. In addition, Aramco's projected lower selling price for its June delivery to Asia also weighed on further price movements.

Sebagai negara produsen berbagai komoditas unggulan dunia, Indonesia tentunya memiliki peran strategis dalam perekonomian dunia. Bagaimana peran sentral Indonesia dalam berbagai komoditas unggulan seperti Crude Palm Oil (CPO) dan timah? Simak ulasan lengkapnya dalam The Source Issue 26.

The CPOTR price movement increased by 1.50% in a week to a level of IDR 13,915/Kg due to plans to add workers to oil palm plantations in Sarawak and reports of a decrease in Malaysian palm oil inventories which supported the strengthening of CPO prices.

The ICDX gold price jumped by 0.63% compared to the previous week as the International Monetary Funds (IMF) projecting more pessimistic global growth and US inflation data encouraging the US central bank may halt its policy after one more rate hike.

ICDX tin price movement weakened by 3.61% in a week to a level of 26,170. burdened byconcerns about rising US inflation. In addition, the lack of demand also depressed the price of tin.

The price of the ICDX crude oil contract in the last week of March 2023 was observed to have strengthened by 4% supported by several positive sentiments, including fears of tighter supply in the market due to disruptions in the Kurdistan region, signs of increased demand by China, and optimistic signals ahead of the OPEC+ meeting.

CPOTR price movement decreased by 1.19% in a week to the IDR 12850/Kg level due to the impact of concerns about the banking industry which also affected CPO prices so that this turmoil is still a concern of the market and is feared to trigger a global banking crisis. In addition, CPO prices were dragged down by the decline in other vegetable oils such as soybean oil and sunflower seeds because CPO prices tended to follow the movements of other vegetable oils

The ICDX gold price jumped by 3.52% compared to the previous week, influenced by economic uncertainty due to the US banking crisis that spread to the European region supporting demand for gold as a safe-haven asset.