Vietnam Commodity Exchange (MXV) said that at the end of yesterday's trading session, April 23, the MXV-Index was flat at 2,197 points.
Energy commodity markets weaken. Source: MXV
Selling pressure dominated the energy market yesterday. In the crude oil market, information about supply from the OPEC+ group spread, causing great pressure, causing oil prices to reverse and fall sharply.
At the end of the session, Brent crude oil price decreased by 1.96% to 66.12 USD/barrel. Meanwhile, WTI crude oil contract for June delivery also recorded a decrease of 2.2% to 62.27 USD/barrel.
Previously, in May, OPEC+ “pumping” 411,000 barrels/day, three times the original plan. In April, the group also increased production by 138,000 barrels/day. These developments have raised concerns about oversupply in the market, thereby pushing oil prices down.
Metal commodity market is on the rise. Source: MXV
According to MXV, the prices of two precious metals improved in yesterday's trading session thanks to hopes of easing US-China tensions.
At the end of the session, world silver prices extended their increase by 1.95% to 33.55 USD/ounce, while platinum recovered 1.81% to 979.6 USD/ounce.
Recently, US media reported that the administration of US President Donald Trump is considering reducing tariffs on imported goods from China to about 50-60% while waiting for negotiations with Beijing.
Positive sentiment in the market was thus spread, concerns about economic recession, when the trade war caused high inflation could reduce the attractiveness of silver, platinum in the industry was significantly relieved, thereby pushing silver and platinum prices up.
In the base metals group, COMEX copper prices unexpectedly reversed when concerns about supply shortages in the US were temporarily eased. Specifically, the price of COMEX copper contracts for May delivery decreased by 0.71% to 10,678 USD/ton.
On the other hand, the price of 1.65% iron ore rose to $100.2/ton despite concerns about demand as the Chinese real estate market has yet to show clear signs of recovery.
Source: https://hanoimoi.vn/thi-truong-hang-hoa-gia-dau-dot-ngot-dao-chieu-700158.html
![[Photo] Readers line up to visit the photo exhibition and receive a special publication commemorating the 135th birthday of President Ho Chi Minh at Nhan Dan Newspaper](https://vphoto.vietnam.vn/thumb/1200x675/vietnam/resource/IMAGE/2025/5/17/85b3197fc6bd43e6a9ee4db15101005b)
![[Photo] Nearly 3,000 students moved by stories about soldiers](https://vphoto.vietnam.vn/thumb/1200x675/vietnam/resource/IMAGE/2025/5/17/21da57c8241e42438b423eaa37215e0e)
Comment (0)