World commodity markets regain recovery

After three consecutive sessions in the red, the world raw material market has regained its momentum. The MXV-Index increased by more than 0.6% to 2,273 points.

The market for industrial raw materials is mixed with green and red. Source: MXV

Closing the trading session, the industrial raw material market continued with mixed developments. Among them, the strong recovery of two coffee products stood out.

Specifically, Robusta coffee prices increased by more than 4.8% to 4,403 USD/ton while Arabica coffee prices also recorded an increase of more than 2.4%, reaching 8,463 USD/ton.

According to the Vietnam Commodity Exchange (MXV), concerns about weather developments in the Central Highlands and Brazil were said to be the main factors driving the increase in coffee prices in yesterday's session.

In Vietnam, heavy rains from Typhoon Bualoi flooded farms and roads in several coffee-producing regions, making cultivation difficult. Meanwhile, in Brazil, hot and dry weather is expected to prevail in the coming days, raising concerns about the crucial flowering stage of the 2026 crop.

Aside from weather factors, the long-term outlook for the coffee market remains buoyed by tight supplies.

Energy commodity markets have mixed developments. Source: MXV

The energy market yesterday also recorded relatively mixed developments. In particular, world crude oil prices continued to decline for the third consecutive session.

Specifically, Brent oil price fell to its lowest level since early June, at 65.35 USD/barrel, corresponding to a decrease of about 1.03%; while WTI oil price also closed the session with a decrease of 0.95%, stopping at 61.78 USD/barrel - the lowest level since late May.

The latest weekly report from the US Energy Information Administration (EIA) has further reinforced the downward momentum of oil prices amid a global oversupply. Specifically, US commercial crude oil reserves in the week ending September 26 increased by nearly 1.8 million barrels, exceeding forecasts of an increase of about 1-1.5 million barrels.

At the same time, the US Institute for Supply Management (ISM) announced that the manufacturing PMI index in September continued to remain below the 50-point threshold, along with the ADP employment report that the US lost about 32,000 non-agricultural jobs in September. This increased investors' concerns about the health of the world's largest economy and the accompanying energy demand.

Source: https://hanoimoi.vn/thi-truong-hang-hoa-the-gioi-lay-lai-nhip-phuc-hoi-718116.html