Commodity market shakes strongly, MXV-Index increases points

The raw material market opened December with strong fluctuations, when divergence occurred across most commodity groups.

According to the Vietnam Commodity Exchange (MXV), buying pressure at the end of the session helped the MXV-Index increase by more than 0.7%, to 2,384 points, approaching the 2,400-point zone - a threshold considered important in the short term.

Oil prices recover as supply risks increase. Source: MXV

In the energy group, oil prices rebounded thanks to many signs of tightening supply. At the end of the session, WTI oil increased by more than 1.3% to 59.3 USD/barrel; Brent oil increased by 0.16% to 63.3 USD/barrel.

MXV said the recovery was mainly due to new geopolitical risks. Tensions between the US and Venezuela also contributed to the price increase.

At the same time, OPEC+ maintaining a cut of about 3.24 million barrels/day in the first quarter of 2026 continues to create an important support zone for oil prices.

However, pressure to adjust remains as Kuwait increases heavy crude offerings and Saudi Arabia is likely to cut its official selling prices to the Asian market.

Sugar market drops dramatically. Source: MXV

On the other hand, industrial raw materials are under pressure to fall sharply, especially sugar. At the close, raw sugar lost nearly 3% to 325 USD/ton; white sugar fell more than 3.3% to 421 USD/ton.

According to MXV, the main reason comes from the prospect of a global oversupply. The world is forecast to have a surplus of more than 1.63 million tons in the 2025–2026 crop year.

Output is expected to rise by over 3% as Brazil, India and China all report positive production levels. In contrast, demand is expected to increase by only 0.6%, causing the supply-demand balance to continue to be strongly skewed.

In the domestic market, prices are slightly decreasing, around 16,700 - 16,900 VND/kg.

Source: https://hanoimoi.vn/thi-truong-hang-hoa-rung-lac-manh-mxv-index-tang-diem-725377.html