The price of the ICDX crude oil contract for the week ending February 3 was observed to have moved down by 6% in a week, which was triggered by anticipation of various sentiments in the market ahead of the imposition of an embargo and price limit on Russian refined petroleum products on February 5. One of the main focuses is on the steps taken by OPEC+ in an effort to maintain the stability of global energy markets.

Price movements of CPOTR increased by 1.94% in a week to the level of IDR 13,160/Kg. Price movement sentiments include optimism over the opening of China's territory which will boost China's state economy and European Union deforestation regulations.

The ICDX gold price strengthened by 0.62% compared to the previous week with the driving factor of the dollar index which weakened by -0.55% following the release of various US economic data amid expectations of a slowdown in The Fed's interest rate hike.

Indonesia memiliki banyak potensi yang mampu membuka peluang baru dalam mengembangkan industri perdagangan berjangka komoditi. Tahun 2023 yang dikabarkan akan menjadi tahun yang penuh tantangan, tentunya akan membawa Indonesia berpeluang mengambil peran sentral dalam perdagangan dan ekonomi global. The Source edisi ini juga akan membahas dampak global event 2022 bagi pergerakan harga komoditi serta peluang dan potensi transisi green energy di tahun 2023. Simak ulasan lengkapnya dalam The Source Issue 25.

The ICDX tin price strengthened by 2.39% approaching the January close supported by the depreciating dollar and China's policy support to reopen borders and Covid-19 restrictions.

Starting the year of 2023, the price of the ICDX crude oil contract was observed to have weakened by 8.45% to a price level below $80 per barrel. China's decision to lift Covid restrictions in full on January 8, was met with opposition from various countries such as the European Union (EU), the US, France, Italy, Qatar, Japan and South Korea, by requiring pre-departure Covid tests for tourists from China. This sparked concern that it would impact travel activities from China to other countries.

Price movements of CPOTR increased by 8.09% in a week to the level of IDR 14,295/Kg. The driving sentiment is partly due to hopes of recovering Chinese demand due to the opening of regions and the B35 Biodiesel program.

ICDX gold price strengthened by 0.59% compared to the previous week supported by the depreciation of the dollar index following various United States (US) economic data released which were pessimistic.