Commodity market: Welcoming strong buying power

Closing, the MXV-Index increased nearly 2% to 2,217 points, the industrial materials group attracted attention when leading the increase of the whole market.

The market for industrial raw materials is flourishing. Source: MXV

In the coffee market, Arabica and Robusta had an impressive week of growth. Arabica coffee prices increased by 7.31% to 8,815 USD/ton; meanwhile, Robusta coffee prices increased by 2.62% to 5,415 USD/ton.

In the domestic market, coffee prices on April 28 in Dak Lak fluctuated between 130,600 - 130,700 VND/kg, in Lam Dong it was 130,000 VND/kg, in Gia Lai it was 130,400 - 130,500 VND/kg and in Dak Nong it was 130,600 VND/kg.

Energy commodity markets weaken. Source: MXV

Meanwhile, world oil prices returned to a downward trend, despite the prospect of new trade agreements between major economies gradually showing more positive signals.

At the end of the week, Brent oil price decreased by 1.6%, down to 66.87 USD/barrel, while WTI oil decreased by 1.55%, down to 63.02 USD/barrel.

According to MXV, the market focus is on information that some OPEC+ members proposed to increase oil production in June 2025.

In the context that the OPEC+ group increased production by 138,000 barrels/day in April, the above proposal raised concerns about the risk of a global oil supply surplus, which had a strong impact on oil prices.

Source: https://hanoimoi.vn/thi-truong-hang-hoa-don-nhan-luc-mua-manh-700599.html