Commodity market:

After a volatile week, global commodity markets opened the new week in positive territory across all four commodity groups.

According to the Vietnam Commodity Exchange (MXV), the return of capital helped the MXV-Index rise 1.2% to 2,275 points.

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

Notably, the prices of both sugar commodities recovered after a period of intense volatility, while iron ore prices bucked the trend, extending their decline for a third consecutive session.

At the close of trading on October 20th, the industrial raw materials market recorded positive buying pressure across most key commodities. In particular, sugar prices saw a slight recovery after the volatile previous week. At closing, raw sugar prices rose by over 1.4% to $346.5 per ton, while white sugar edged up 1.8% to $447 per ton.

Sugar prices recover. Source: MXV

According to MXV's assessment, stable demand continues to be the main support for sugar prices. However, world sugar prices are likely to remain under pressure due to continued high global supply.

In the domestic market, sugar prices on October 20th showed a disparity between regions. In the Central region, brown sugar was offered at around 16,400 - 16,500 VND/kg. Prices in the South were higher, fluctuating between 17,600 - 17,800 VND/kg, while the Southwestern region traded around 17,400 - 17,500 VND/kg.

At the factory, the asking prices continued their downward trend. Accordingly, Lam Son brown sugar is currently being offered at 19,000 VND/kg, while Nghe An RS sugar is trading at 17,300 VND/kg.

Iron ore prices extended their decline for a third consecutive session. Source: MXV.

Meanwhile, yesterday's session saw a dominant green trend in the metals market, with 8 out of 10 commodities experiencing strong gains. Iron ore prices, however, continued their downward trend, falling nearly 0.4% to $103.53 per ton, marking the third consecutive day of decline.

Domestically, steel prices have stabilized after the upward adjustment at the beginning of September. This morning, CB240 coiled steel is trading around 13.5 million VND/ton, while D10 CB300 ribbed steel bars are fluctuating at 13.1 million VND/ton.

Thanks to sustained construction and public investment activities, domestic consumption remains relatively strong, ensuring price balance. However, iron and steel exports are facing difficulties as many major markets increase trade protection measures.

According to data from the Customs Department, in the first half of October (from October 1st to 15th), 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