Commodity market:

According to the Vietnam Commodity Exchange (MXV), the return of cash flow helped the MXV-Index increase by 1.2% to 2,275 points.

The MXV-Index increased 1.2% to 2,275 points. Source: MXV

Notably, the prices of two sugar products recovered after a period of strong fluctuations, while iron ore prices went against the trend, extending the decline to the third consecutive session.

At the end of the trading session on October 20, the industrial raw materials market recorded positive buying power on most key commodities in the group. In particular, two sugar commodities recorded a slight recovery after the previous volatile week. At the close, raw sugar price 11 increased by more than 1.4% to 346.5 USD/ton, while white sugar increased by 1.8% to 447 USD/ton.

According to MXV, stable demand continues to be the main support for sugar prices. However, world sugar prices are likely to remain under pressure as global supply remains high.

In the domestic market, sugar prices in the trading session on October 20 showed a difference between regions. In the Central region, yellow sugar was offered for sale at around 16,400 - 16,500 VND/kg. Sugar prices in the South were higher, fluctuating at 17,600 - 17,800 VND/kg, while the Southwest traded around 17,400 - 17,500 VND/kg.

At the factory, the offered price continues to decrease. Accordingly, Lam Son yellow sugar is currently offered at 19,000 VND/kg, while RS Nghe An sugar is traded at 17,300 VND/kg.

Iron ore prices extended their decline to the third consecutive session. Source: MXV.

Meanwhile, yesterday's session saw green dominate the metal market with 8 out of 10 commodities increasing sharply. Of which, iron ore prices continued to weaken as they continued to fall nearly 0.4% to 103.53 USD/ton, marking the third consecutive session of decline.

Domestically, domestic steel prices have stabilized after an upward adjustment in early September. This morning, CB240 coil steel prices were trading around VND13.5 million/ton, while D10 CB300 rebar prices fluctuated at VND13.1 million/ton.

Thanks to well-maintained construction and public investment activities, domestic consumption remains at a relatively good level, ensuring price balance. However, iron and steel exports are facing difficulties as many major markets increase trade defense measures.

According to the Customs Department, in the first half of October (from October 1 to 15), iron and steel imports reached nearly 701,500 tons, an increase of about 12% compared to the second half of September; meanwhile, exports decreased sharply by about 50%, from 473,000 tons to about 236,440 tons.

Source: https://hanoimoi.vn/thi-truong-hang-hoa-ca-4-nhom-hang-khoi-sac-720382.html