Commodities Market: Sugar Prices Slip, Metal Prices Weaken

The Vietnam Commodity Exchange (MXV) said that at closing, the MXV-Index decreased 0.92% to 2,197 points.

The market for industrial raw materials is in red. Source: MXV

Closing the trading session on May 22, the industrial raw materials market witnessed red covering 8/9 items in the group.

Of which, the price of sugar 11 decreased by 1.69% to 383.6 USD/ton, the price of white sugar also lost 1.93% to 488 USD/ton. According to MXV, the low price of sugar in recent times is mainly due to concerns about excess supply in the international market.

According to the US Department of Agriculture (USDA), global sugar production in the 2025-2026 crop year is expected to reach 189.3 million tons, up 4.73% from the previous crop year, while demand will increase by only 1.4% to 177.9 million tons. Thus, the market is estimated to have a surplus of up to 11.4 million tons, after a surplus of 5.3 million tons in the 2024-2025 crop year.

Meanwhile, demand is showing a clear decline, typically with imports of sugar and sugar products in the US in the first three months of the year falling sharply to 1.03 million tons, down 18% over the same period last year.

The metal commodity market is "red hot". Source: MXV

According to MXV, the metal market also did not escape the general trend when witnessing red covering most prices of key commodities.

At the end of the trading session, silver price reversed and decreased by 1.27% to 33.22 USD/ounce while platinum price also fell by 0.34%, back to 1,080 USD/ounce.

Precious metals prices came under pressure as the US dollar index recovered from three sessions of decline, rising 0.4% to 99.96 points. US Treasury bond yields, although slightly adjusted during the session, still increased by about 50 basis points since the beginning of May, thereby strengthening the attractiveness of the USD.

A stronger greenback makes dollar-denominated commodities such as precious metals more expensive for international investors, reducing demand and putting pressure on prices.

For the base metals group, COMEX copper prices continued to increase slightly by 0.16% to 10,316 USD/ton. In contrast, iron ore prices turned down by 0.63% to 98.25 USD/ton.

Source: https://hanoimoi.vn/thi-truong-hang-hoa-gia-duong-truot-doc-gia-kim-loai-suy-yeu-703219.html