The Vietnam Commodity Exchange (MXV) said that at the close of yesterday's trading session (July 1), selling pressure dominated, pushing the MXV-Index down more than 0.1% to 2,195 points.
The market for industrial raw materials has seen a general price decrease. Source: MXV
The industrial raw material market attracted attention when most of the products decreased in price. In particular, the prices of two coffee products recorded a divergent trend.
While Robusta coffee prices increased by more than 1.1% to $3,660/ton, Arabica coffee prices continued to lose more than 2.7% to $6,436/ton.
Energy commodity market has positive buying power. Source: MXV
The energy market continued to fluctuate yesterday. In particular, there was positive buying pressure for two crude oil products.
At the end of the session, Brent crude oil prices edged up slightly to $67.11 per barrel, an increase of 0.55%. Similarly, WTI crude oil prices also increased by 0.52% to $65.45 per barrel.
This increase mainly comes from investors' expectations on global energy demand in the coming time, especially in China.
The recovery of the world's second-largest economy , which is also the world's second-largest oil consumer, is expected to boost energy demand in the coming time.
On the other hand, oil prices continue to be under pressure from the possibility of a sharp increase in supply from OPEC+ as well as concerns about economic instability after July 9.
Source: https://hanoimoi.vn/gia-dau-wti-quay-dau-tang-thi-truong-ca-phe-phan-hoa-707768.html
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