Green dominates the world raw material market

According to the Vietnam Commodity Exchange (MXV), the MXV-Index rose 0.75% to 2,210 points.

The metal commodity market saw a widespread price increase. Source: MXV

At the close of yesterday's trading session, all 10 metal commodities saw price increases. Specifically, silver continued to rise by 1.33%, reaching $36.59 per ounce, while iron ore prices rebounded by 0.63%, reaching $93.32 per ton.

The depreciation of the US dollar has made USD-denominated metals more attractive to international investors, thereby triggering strong buying in the precious metals market.

In addition, silver prices are being supported by a prolonged deficit. It is estimated that the silver market will face a shortfall of up to 117.6 million ounces this year.

While supply is becoming increasingly tight, demand for silver from the electrical and electronics sectors continues to rise, thus perpetuating the supply-demand imbalance in the market.

The market for industrial raw materials is dominated by green (indicating price increases).

Source: MXV

The industrial raw materials market also saw positive buying activity yesterday. Notably, both sugar products in the group weakened simultaneously due to pressure from a supply-demand surplus.

Specifically, the price of sugar 11 has fallen in 9 out of the last 11 trading sessions, currently trading at $362/ton, equivalent to a decrease of approximately 1.1%. In addition, the white sugar contract also decreased slightly by 0.23%, to $478/ton.

The global sugar supply-demand surplus has continued to put pressure on sugar prices over the past three months. According to the latest forecast from the US Department of Agriculture (USDA), global sugar production in the 2025-2026 crop year is expected to increase by 4.7% compared to the previous year, reaching 189.3 million tons. The global surplus is estimated at approximately 41.2 million tons, up 7.5% from the previous year.

In the U.S., concerns about sugar demand were reflected in the USDA's June Sweetener Market Report (SMD), which showed that sugar shipments for consumption in April were down 6% year-on-year, following a slight 1.8% increase in March.

Source: https://hanoimoi.vn/sac-xanh-ap-dao-tren-thi-truong-hang-hoa-nguyen-lieu-the-gioi-706969.html