Commodity Market: Buying Power Prevails

Data from the Vietnam Commodity Exchange (MXV) shows that buying power dominated last trading week.

Closing, the MXV-Index increased 0.8% to 2,248 points, extending the increase to the second consecutive week.

Buying power dominates the market of industrial raw materials. Source: MXV

Closing the trading week from July 14 to 20, the industrial raw materials market witnessed overwhelming buying power with 8/9 items.

Of which, Arabica coffee prices skyrocketed nearly 6% to 6,693 USD/ton, while Robusta coffee prices also recorded an increase of more than 4% to 3,348 USD/ton.

Low inventories have made Brazil’s coffee export outlook for the 2025–2026 crop year challenging, with the country’s export volume estimated to be between 34 and 41.4 million bags, down 8.75% to 25% from the previous crop year’s 45.59 million bags, according to MXV.

In addition, last week saw a sharp increase in the net buying position of hedge funds in the Arabica coffee derivatives market, with an increase of 8.75% to 21,809 contracts. This development contributed significantly to the significant recovery of Arabica coffee prices during the week.

MXV believes that this week, world coffee prices will push domestic coffee prices up in the first sessions of the week due to increased hoarding in the US before the reciprocal tax takes effect. Depending on the tariff developments and supply in Brazil, coffee prices will continue to increase or reverse and weaken by the end of the week.

Green and red colors intertwine in the energy commodity market.

Source: MXV

Meanwhile, the energy market recorded clear divergence.

Brent crude oil prices have fallen below the $70/barrel threshold again, stopping at $69.28/barrel, corresponding to a weekly decrease of 1.53%. Similarly, WTI crude oil prices also recorded a weekly decrease of about 1.62%, down to $67.34/barrel.

Concerns about geopolitical volatility, the situation in the Middle East heating up again, global trade tensions due to US tariff policies as well as the prospect of oversupply for the rest of this year, are factors affecting oil prices.

Source: https://hanoimoi.vn/thi-truong-hang-hoa-luc-mua-chiem-uu-the-709799.html