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Bulletin
Monday, 31 October 2022
Publication
Di era ini, teknologi memegang peranan penting dalam kehidupan manusia, termasuk juga dalam upaya penurunan emisi karbon. Inovasi teknologi hijau menjadi salah satu solusi untuk mendukung upaya tersebut. Isu konflik geopolitik Eropa dan ketidakpastian ekonomi global juga masih menjadi katalis dari pergerakan harga komoditi dari awal tahun hingga menjelang akhir tahun.
Weekly Report
ICDX tin price weakened towards the close of October and was observed to move around $22,000 per ton in line with the strengthening of the US dollar causing tin prices to fall sharply. The strengthening of the US dollar makes dollar-priced tin seem expensive for holders of other currencies.
Weekly Report
Thursday, 20 October 2022
Publication
The ICDX Crude Oil contract price in the week fell almost 6 percent for the week ended October 14, triggered by the re-escalation of Covid infections in China. Data released by China's Ministry of Culture and Tourism showed that travel activity during the week-long National Day holiday starting on October 1 decreased by 18.2% from a year ago.
Weekly Report
Price movements in CPOTR are experiencing an increase of 4.41% in a week to the level of IDR10,660/Kg. In the circulating news according to the average estimate of six trading company dealers, the country of India carried out Imports of Indonesian and Malaysian palm oil in September to the highest level in a year with an estimated 21% jump from last month to 1.2 million tonne, the highest compared to the same month last year, due to strong demand ahead of the festival season added to the positive catalyst in vegetable market. In addition, Rajesh Patel, Managing Partner at GGN Research assessed that “palm oil is almost $300 per tonne cheaper than rival soybean oil for September delivery, so it is common for refiners to increase purchases.” Rajesh added “Projections for this October, India's palm oil imports will remain strong, around one million tonnes, as steep discounts continue.” Larger purchases could help Indonesia's top producer trim swelling inventories and help to push CPO prices further.
Weekly Report
ICDX gold prices rose by 2.46% compared to the previous week, supported by the retreat of dollar index and the referendum conducted by Russia on the territory of Ukraine triggering tensions between the two countries.
Weekly Report
Wednesday, 28 September 2022
Publication
ICDX tin prices strengthened near the close of September and were seen moving back around the level of $23,000 per tonne in line with the Chinese government's plan to announce infrastructure projects worth 1.8 trillion yuan (US$ 257 billion), a national policy to revive slowing economic growth due to Covid-19 pandemic.
Weekly Report
Thursday, 22 September 2022
Publication
Crude oil prices were observed to be bearish with a decline of 1.7% for the week ending September 16. The situation in China remains a major weighing on the sentiment, travel activity carried out during China's 3-day Mid-Autumn Festival fell by more than a third compared to last year.
Weekly Report
Price movements on CPOTR experienced a downward trend of 9.97% to the level of IDR 10.835/Kg. In the news circulating, China has again implemented a regional lockdown due to China’s zero Covid policy implementation. Major cities such as Shenzhen in the south and Dalian in the northeast have also stepped up Covid restrictions this week, ranging from work-from-home requirements to the closure of entertainment businesses in some districts. This can disrupt demand because China is one of the world's largest CPO consumers.
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