Emas termasuk barang komoditas pertambangan dari kelompok logam mulia yang mempunyai fisik nyata, mempunyai nilai berharga dan mudah diperjualbelikan secara langsung maupun tidak langsung. Menurut sejarahnya, emas secara tradisional digunakan sebagai mata uang primer yang berperan dalam sektor ekonomi yang penting di berbagai negara.

The trend of tin prices on ICDX began to move steadily with a downward trend entering the fourth week of August, however, if compared on a monthly basis, the average price of tin during August traded on ICDX was in the range of USD 35,640 per tonne or 4 percent higher than the average price in July. The highest price of tin on ICDX in August reached USD 36,615 per tonne and the lowest level touched USD 34,870 per ton.

The COFR crude oil contract closed last week's fluctuation with a significant correction of 8.64% to the level of Rp 976,900 per barrel. Still a major catalyst of pressure, price consolidation in the bearish zone weighed down by a potential increase in oil supplies from the US as well as a spike in the spread of Covid-19 globally triggering new restrictions and lockdowns that negatively impacted fuel demand.

The COFR crude oil contract closed last week's fluctuations with a slight increase of 0.83% to Rp 1,045,600 per barrel. The narrow movement of crude oil last week occurred on the back of a tug of war of positive and negative sentiment absorbed by the market which is very sensitive to the stability of global oil supply and demand levels.

Menteri Keuangan Sri Mulyani Indrawati (12/8) memprediksi pertumbuhan ekonomi Indonesia di kuartal III-2021 akan berada di rentang batas bawah 4% dan batas atas 5,7% year on year (yoy). Hal ini tidak lepas dari pemulihan ekonomi yang berlangsung sepanjang kuartal sebelumnya. Badan Pusat Statistik (BPS) melaporkan pertumbuhan ekonomi pada kuartal II-2021 sebesar 7,07% yoy.

“I think it’s the future for our financial system because it correlates with this development of digital economy,” Russia’s central bank governor, Elvira Nabiullina, said in June 2021.

Commodity price forecasts are widely used by businesses, governments and investors. In countries where one or a few commodities account for a large part of tax revenue (e.g., oil and mineral exporters), price forecasts often determine next year’s budget.

The price of tin traded on ICDX was observed to show a bullish trend throughout 2021, where the price of tin which was around $21,000 at the beginning of the year continued to climb up to penetrate the level above $35,000 at the close of the 1st semester of 2021. In terms of volume, tin exports carried out through ICDX also show positive performance. The total export volume in the first semester of this year reached 12,866.93 metric tons, an increase of 202 percent compared to the second semester of last year.