Cocoa prices plunged more than 6%, while the COMEX currency recovered nearly 1%.

The commodities market on December 15th saw selling pressure prevail. Cocoa prices fell sharply due to improved supply, while copper prices rose nearly 1% thanks to a weaker USD.

According to data from the Vietnam Commodity Exchange (MXV), the global raw materials market saw dominant selling pressure during the trading session on December 15th. Most notably, cocoa prices fell, while the COMEX currency recovered after weakening at the end of last week.

Industrial raw materials are under strong selling pressure.

Cocoa prices have fallen by more than 6%.

At the close of trading, cocoa prices recorded a sharp decline of 6.4% , falling to $5,876 per ton. According to MXV, this decline stemmed from the easing of supply concerns while global demand showed no signs of improvement.

On the supply side, cocoa arrivals at Ivory Coast ports in the week ending December 14th reached 91,000 tonnes, up from 85,000 tonnes the previous week. Cumulatively since the start of the 2025-2026 crop year, total shipments to ports have reached 894,000 tonnes, nearly matching the 895,000 tonnes of the same period last year.

Weather conditions also play a significant role. Higher-than-average rainfall in Ivory Coast and Ghana has hampered drying, but is expected to support yields later in the season. A forecast of drier weather over the weekend is expected to facilitate harvesting.

Source: MXV

Meanwhile, global cocoa demand remains weak. Third-quarter cocoa grinding figures show a significant decline: grinding output in Asia fell 17% to a nine-year low, and in Europe fell 4.8% to a ten-year low. In North America, although grinding output increased 3.2%, this increase does not reflect a substantial improvement in demand.

The metals market is experiencing mixed performance.

Copper prices recovered by nearly 1%.

In contrast to industrial raw materials, copper prices on the COMEX exchange recovered nearly 1% on December 15th, reaching $11,931 per ton. This recovery was supported by several factors.

First, the USD Index fell 0.11% to 98.29 points, making USD-denominated commodities like the Vietnamese dong more attractive to international investors. This stimulated buying activity during the session.

Source: MXV

Secondly, the market is concerned about the possibility of Washington imposing import tariffs on refined copper. This risk has fueled stockpiling, as evidenced by copper inventories at LME (UK) warehouses falling by nearly 40% since the beginning of the year, while inventories at COMEX (US) have surged from around 84,700 tonnes to over 410,000 tonnes.

However, the upward momentum in copper prices was limited by disappointing economic data from China. According to the National Bureau of Statistics of China, industrial production in November increased by only 4.8%, a slowdown compared to October. Retail sales also increased by only 1.3%, the lowest level in three years. These signals indicate a slowdown in both production and consumption, dampening the short-term outlook for copper demand.

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Source: https://baonghean.vn/gia-ca-cao-lao-doc-hon-6-dong-comex-phuc-hoi-gan-1-10315311.html