MXV-Index reaches its highest level since the end of September.

Overwhelming buying pressure pushed the MXV-Index to its highest level since the end of September.

The global commodities market started the week in positive territory, led by gains in the energy sector, pushing the MXV-Index up nearly 0.2% to 2,283 points.

Energy commodities markets turned green again. Source: MXV

According to the Vietnam Commodity Exchange (MXV), the energy market has turned green again. Brent crude oil prices returned to $65.47 per barrel, representing a 1.46% increase; while WTI crude oil prices also recorded a 1.33% recovery, climbing to $61.69 per barrel.

As expected by the market, the Organization of Petroleum Exporting Countries and its allies (OPEC+) officially announced last weekend its decision to increase oil production by 137,000 barrels per day in November after an online meeting of eight key member countries. However, the market had anticipated this move by OPEC+, so this increase did not put much pressure on oil prices.

The metals market is clearly segmented. Source: MXV

Meanwhile, the metals market shows a clear divergence between precious metals and base metals. Platinum prices have climbed to their highest level in 13 years amid increasingly severe supply shortages. Specifically, platinum prices edged up by more than 1%, reaching $1,659 per ounce.

According to the World Platinum Investment Council (WPIC), global platinum production in 2025 is projected to decline by nearly 6%, to 5.4 million ounces – the lowest level in four years.

In South Africa alone, which accounts for over 70% of the world's production, expected output is only 3.9 million ounces, the lowest in 25 years, excluding periods of disruption due to strikes or technical problems.

The weakening supply coupled with rising demand is making platinum a focal point for commodity investors.

Source: https://hanoimoi.vn/mxv-index-len-dinh-cao-nhat-ke-tu-cuoi-thang-9-718680.html