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.

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.

Secara garis besar, industri keuangan syariah terbagi menjadi beberapa sektor diantaranya (a) sektor perbankan syariah, (b) pasar modal syariah, (c) industri keuangan non-bank syariah yang termasuk didalamnya industri asuransi, dana pensiun, lembaga pembiayaan, dan lembaga jasa keuangan lainnya, yang dalam pelaksanaannya tidak bertentangan dengan prinsip-prinsip syariah. Selanjutnya Islamic Financial Services Industry Stability Report 2021 total aset perbankan syariah secara global telah mencapai 68.2% pada akhir periode 2020 jauh lebih tinggi dibandingkan dengan asuransi syariah yang hanya mencapai 0.9%. Sedangkan pasar modal syariah mencapai setengah dari persentase perbankan syariah sebanyak 30.9%.

ICDX’s gold price experienced -1.59% lower than previous week as Fed Chairman Jerome Powell's speech hints at a hawkish tone, rising expectations for more interest rate hikes.

ICDX tin price at the close of August 26 moved up from last week to the level of $25,200.00 per tonne, the improved performance of Tin was due to the Chinese government's support for the mining sector.

The movement of ICDX crude oil contract prices throughout the third week of August was observed to move up by 1.46 percent, with a price range in the range of USD 87-90 per barrel. At the beginning of the week, prices were under pressure, weighed by the escalating tension between China and the US, which was triggered by the visit of US House of Representatives Speaker Nancy Pelosi to Taiwan (14/8), and led to fears of a resumption of the tariff war between the two world economic giants.

Price movements in CPOTR experienced an increasing trend of 4.97% to the level of RP 14360 /Kg at the close of last trade. The price increase was supported by positive sentiment from the Government of Indonesia's policy (8/8) which increased the export duty on CPO from $52 per ton to $74 per tonne which was effective from August 16 to 31, which has the potential to hold back Indonesia's CPO exports to the global market.

ICDX’s gold price ticked 0.52% higher than previous week as the release of US manufacturing activity showed slowed economic conditions and US House Of Representatives Speaker Nancy Pelosi visited Taiwan.