Sejak perdagangan Kamis, 3 Februari 2022, harga minyak mentah dunia mengalami lonjakan harga, khususnya untuk harga minyak WTI kenaikan sempat mendekati zona $91/barel.

The ICDX’s CPOTR moved higher 0.44% on the past week, amidst Indonesia domestically set rules for local markets. With the Domestic Market Obligation (DMO) applied to supply the local market and also Domestic Price Obligation (DPO) which applied so the CPO sold locally must not exceed Rp 9,300.00.

The ICDX’s gold moved higher 0.78% on the past week, as higher risk sentiment pushed the gold prices. The risk aversion became the main issue and people around the world turn into gold asset to secure their portfolio.

The ICDX tin price at the beginning of this year was observed to be still in a bullish trend with the average price movement remaining above $40,000 per MT. The tight supply in the global market is the main catalyst that drives the price of this basic metal commodity.

The COFR rupiah- denominated crude oil contract ended the first week of 2022 with a substantial appreciation of 5.42% to the level of Rp 1,129,400,- per barrel. Although sentiment is mixed around the oil market, especially regarding the balance of supply and demand levels, price action tends to respond more aggressively to positively correlated issues. Among these are the development of conflicts in one of the major producing countries, namely Kazakhstan, and the potential for further reductions in oil supply in Libya, the US and Canada.

Cross Border Adjustment Mechanism merupakan aturan yang dibuat Uni Eropa untuk mengantisipasi kebocoran emisi karbon seperti ini. Secara umum, peraturan tersebut mengatur agar perusahaan Uni Eropa membeli sertifikat penurunan emisi karbon melalui pasar karbon saat mengimpor produk dari luar wilayah Uni Eropa. Jumlah sertifikat yang dibeli diperhitungkan berdasarkan perhitungan biaya terkait emisi karbon yang harus dikeluarkan dalam proses produksi barang tersebut bilamana dibuat dalam wilayah Uni Eropa.

During the week, crude palm oil (CPOTR) contracts were observed to be moving in a bullish trend and closed the week with a significant appreciation of 5.26% - closing at Rp 17,600 per kg. Taking advantage of the fundamentals again, CPO prices have rebounded after previously falling to a pessimistic level at the end of November. There is an imbalance of supply and demand levels, so the strong reason behind the price rally.

The gold contract GOLDUD closed last week's fluctuation with a little movement of 0.6% to $1,798.20 per Troy Ounce. The relatively minimal trading sentiment since last Friday made the USD and gold equally strong while the market absorbed issues related to monetary normalization as a follow-up confirmation after sentiment emerged at the Fed meeting last week and COVID’s Omicron developments.