Global commodity prices have fallen across the board.

The global commodities market continues to experience tug-of-war, particularly with crude oil prices reversing their upward trend and falling.

The energy commodities market declined. Source: MXV

According to the Vietnam Commodity Exchange (MXV), at closing, the MXV-Index fell slightly by nearly 0.1% to 2,226 points.

A cautious sentiment prevailed in the energy market as investors reassessed the impact of complex political developments in the Middle East.

At closing, Brent crude oil prices reversed course, falling 0.59% to $69.36 per barrel; while WTI crude oil also recorded a slight decrease of 0.16%, settling at $68.04 per barrel.

The indicators of the health of the world's largest economy released yesterday also failed to provide the market with any more optimistic signals.

The producer price index (PPI) for May mostly declined slightly; while the number of initial jobless claims increased last week.

This information has raised concerns about the macroeconomic situation in the US, leading to worries about energy consumption demand in the world's largest economy.

Meanwhile, in the industrial raw materials market, selling pressure prevailed across most key commodities in the group.

The industrial raw materials market is dominated by red. Source: MXV

According to MXV's observations, at the close of trading on June 12, the prices of both rubber commodities fell sharply.

Specifically, RSS3 rubber prices on the Osaka exchange fell by nearly 2% to $2,057 per ton, while TRS20 rubber prices on the Singapore exchange also dropped by more than 2% to $1,600 per ton.

The global rubber market continues to face downward price pressure amid concerns about weakening demand and persistently high inventory levels.

According to data from China's Customs Administration, the country's imports of natural and synthetic rubber in May reached only 607,000 tons, a decrease of 11.4% compared to the previous month.

This signals a slowdown in rubber consumption in the world's largest market, amid challenges facing the global automotive industry.

Domestically, rubber latex purchase prices at major enterprises such as Ba Ria, Phu Rieng, and MangYang are generally stable or slightly decreased, reflecting the sluggish market conditions.

The price of liquid latex fluctuates from 397-425 VND/TSC, DRC coagulated latex is at 13,500 VND/kg, while raw latex remains at 17,200-18,500 VND/kg.

Source: https://hanoimoi.vn/gia-hang-hoa-nguyen-lieu-the-gioi-dong-loat-giam-705434.html