MXV-Index falls for the 7th consecutive session.

Global commodity markets weakened across the board as selling pressure increased across many sectors, particularly energy and industrial raw materials.

The MXV-Index fell for the seventh consecutive session. Source: MXV

According to the Vietnam Commodity Exchange (MXV), at the close of trading, the MXV-Index fell nearly 1.7% to 2,822 points, marking the seventh consecutive day of weakness amidst market sentiment pressured by geopolitical developments and strong profit-taking.

The market's focus during the last trading session was the sharp decline in global oil prices. WTI crude oil fell by approximately 5.6%, to $88.7 per barrel, dropping below $90 per barrel for the first time in over a month. Meanwhile, Brent crude oil fell by more than 5.3%, to below $94.3 per barrel, its lowest level since mid-April.

According to MXV, selling pressure returned to the energy market following news of de-escalation of tensions in the Middle East.

Imports of gasoline and various types of oil into Vietnam from the beginning of the year to May 15th. Source: MXV

Domestically, significant fluctuations in the international energy market are driving up Vietnam's gasoline and oil imports. According to preliminary data from the Customs Department, from the beginning of the year to mid-May, Vietnam imported more than 4.3 million tons of gasoline and oil with a total value exceeding US$4.55 billion, an increase of nearly 20.9% in volume and 85.9% in value compared to the same period last year.

The sharp increase in imports shows that domestic businesses are proactively raising their reserves to mitigate the risk of supply shortages. At the same time, this is also an important preparatory step for the nationwide rollout of E10 bioethanol fuel from June 1st.

Vietnam's coffee exports up to April 2026. Source: MXV

In the industrial raw materials group, coffee prices continued to face downward pressure due to a sharp increase in supply from Brazil during the peak harvest season. At the close of trading, July Arabica futures fell 1.5% to $5,949 per ton, while Robusta prices decreased 1.3% to $3,472 per ton.

Furthermore, the coffee market is also under pressure from Vietnam's sharply increasing export supply. In the first seven months of the 2015-2026 crop year, Vietnam's coffee exports reached approximately 1.15 million tons, a 32.3% increase compared to the same period last year.

Source: https://hanoimoi.vn/mxv-index-giam-phien-thu-7-lien-tiep-975895.html