The average of ICDX's tin price in October (until October 22) increased 7.48% compared to last month, and an increase of 71.97% compared to the average tin price at the beginning of 2021. The tight supply of tin amid strong market demand has made tin prices continue to move positively. In addition, the global energy crisis has triggered an increase in the basic cost of upstream to downstream sectors, and this condition is expected to persist at least until the end of the year.

The rupiah- denominated crude oil contract COFR closed last week with a another significant strengthening of 2.91% to the level of Rp 1,164,800 per barrel. During the week, oil was seen “comfortably” moving around its highest level since the last three years – capitalizing on key fundamentals headings that correctively affected crude oil supply levels and overall supply.

Mengutip laporan IPCC, Climate Change 2021, pengaruh manusia menyebabkan pemanasan global yang signifikan dan hal ini akan sangat bergantung pada emisi gas rumah kaca atau emisi karbon. Indonesia sendiri telah berkomitmen mengurangi emisi karbonnya.

Menanggapi urgensi akan tindakan terkait perubahan iklim global, dibutuhkan upaya yang efektif dan berskala besar. Emisi gas rumah kaca atau emisi karbon (sering disebut emisi karbon, sebab kandungan yang dominan adalah karbon dioksida) merupakan salah satu kontributor utama pemanasan global. Produksi emisi karbon tidak dapat dihindari untuk saat ini, sebab banyak sekali aktivitas penting manusia yang mengeluarkan emisi karbon. Namun, dampak dan jumlah produksinya dapat dikurangi, salah satunya melalui perdagangan karbon.

Only recorded one daily correction during the past week, the crude palm oil (CPOTR) contract finally closed the week with a weekly increase of 4.80% to the level of Rp 17,045,- per kg. The increase occurred amid a surge in demand for basic commodities such as oil, gas, and coal following expectations of a global economic recovery – which combined with other CPO fundamental factors, to form a strong price foundation.

Gas rumah kaca adalah gas yang menyerap dan memancarkan energi radiasi (energi panas) dalam kisaran inframerah termal. Tingginya gas ini di atmosfer akan menyebabkan efek rumah kaca, seperti ilustrasi berikut.

The gold contract GOLDUD closed last week's fluctuations with a slight gain of 0.68% to $1,760.20 per Troy Ounce. Gold previously started the week still under pressure after absorbing sentiment from the results of the Fed's meeting the previous week, but the losses were overcome – with the main focus still steering from the US.

Towards the end of September, the ICDX tin price was observed to reach a new record, breaking a level above $37,000 per metric ton, or up nearly 60% compared to the tin price at the beginning of 2021. The decline in global tin stocks became the main catalyst that boosted the price increase.