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Weekly Report
Price movements in CPOTR experienced a downward trend of 5.72% to the level of IDR 13,350 /Kg at the close of last trade, one of the triggers was the increase in Indonesian CPO stocks in June 2022, in this case the government carried out extra efforts to immediately cut domestic supplies and support the price of Fresh Fruit Bunches (FFB) which had fallen due to Indonesia's CPO export ban at the end of last May. In the news circulating, the official from the Ministry of Energy and Mineral Resources Dadan Kusdiana said that Indonesia will increase the content of palm oil-based fuel in its biodiesel to 35% known as B35 which will start on July 20. This is expected to absorb the swelling domestic supply of CPO and help increase the selling price of FFB so that farmers do not lose out.
Weekly Report
ICDX gold prices moved 3.6% lower compared to the previous week with prices moving lower after a 75 basis point increase in interest rates in July by the Fed weakened the appeal of the safe-haven metal.
Weekly Report
Thursday, 07 July 2022
Publication
The price of ICDX tin at the end of June moved down from last week to the level of $27,850 per tonne. Tin's deteriorating performance was caused by fears of a global recession triggered by aggressive interest rate hikes by the Fed and followed by central banks in other countries. negative for the tin market. The increase in interest rates is seen by investors as being able to put a brake on the pace of world economic growth, and it is feared that it will cut global demand for tin.
Weekly Report
Friday, 01 July 2022
Publication
Oil prices for the week ending June 24 closed nearly 3 percent. Some of the negatives that hinder prices include the European Union (EU) plan to implement further sanctions on Russia, where this topic will also be the main topic of discussion at the G7 meeting which will take place from 26 - 28 June 2022.
Weekly Report
Thursday, 23 June 2022
Publication
CPOTR price fell 9.18% to Rp 18440/Kg at the close of trading last week. Prices for CPO decreased for a full week in the third week of June, triggered by the sentiment that more Indonesian CPO exporters were getting export approvals, in addition, the Indonesian government issued an export acceleration policy that took effect on June 13, 2022. This makes the supply of CPO from Indonesia to the global market is increasing.
Weekly Report
Wednesday, 15 June 2022
Publication
ICDX gold price moved 1.6% higher compared to the previous week with prices moving up after concerns over economic growth made the safe-haven metal's appeal increased.
Weekly Report
The movement of ICDX oil prices was observed to have strengthened almost 3% in a week, supported by tight supply amid rising demand. On the supply side, the impact of the EU embargo has the potential to reduce Russian oil production to further decline when the ban begins. From the demand side, the optimism that China's economy would recover also boosted the demand for fuel from the world's biggest oil importer.
Weekly Report
Thursday, 02 June 2022
Publication
ICDX tin prices nearing the close of May were seen moving steadily close to the level of $40,000 per tonne in line with the China plan to lift the Covid curb in the financial hub city of Shanghai from June 1. China is the world's first largest producer and consumer of tin, and the city of Shanghai itself ranks first as the largest contributor to China's economy.
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