Selling pressure still dominates raw material markets

The world raw material market is clearly differentiated, selling pressure remains in the industrial raw material group, while the metal group shows signs of recovery thanks to technical buying pressure.

At the end of the session, the MXV-Index decreased 0.34% to 2,306 points.

Selling pressure remains in the industrial materials group . Source: MXV

According to the Vietnam Commodity Exchange (MXV), Malaysian palm oil prices continued to extend their decline into the third consecutive session. The price of Malaysian palm oil futures for December delivery continued to lose another 1.24% to 1,022 USD/ton.

Strong supply amid somewhat weak demand has become a factor putting pressure on palm oil prices.

In Indonesia, palm oil production in 2025 is forecast to increase by up to 10% to 56-57 million tonnes thanks to favorable weather conditions and attractive prices, according to the Indonesian Palm Oil Association (GAPKI). Malaysia – the world’s second-largest producer – also recorded a 10.77% increase in production from October 1 to 20 compared to the same period last month, raising concerns about inventory.

Meanwhile, palm oil imports of the European Union (EU) and China decreased by 20% and more than 30% respectively compared to the same period last year due to the impact of renewable energy policies and weaker food processing demand.

Silver prices recovered after two consecutive sessions of weakness. Source: MXV

In the metals market, silver prices recovered strongly after two consecutive sessions of decline, when the December futures contract increased 1.18% to 47.32 USD/ounce.

According to MXV, this development was mainly supported by the weakening USD and the expectation that the US Federal Reserve (FED) will further lower interest rates at the upcoming policy meeting. The Dollar Index (DXY) fell another 0.12% to 98.67 points, making the precious metal more attractive to investors holding other currencies.

However, MXV assessed that the recovery of silver prices may only be short-term technical, when the "safe haven" sentiment is reduced due to signs of cooling in US-China trade relations.

In the short term, the raw material market is likely to remain under pressure from supply-demand fluctuations and cautious speculative cash flow before the FED announces its interest rate decision.

Source: https://hanoimoi.vn/ap-luc-ban-van-bao-trum-thi-truong-hang-hoa-nguyen-lieu-721360.html