Market is mixed, MXV-Index fluctuates.

The global commodities market continues to experience a tug-of-war as buying and selling forces intertwine across different commodity groups.

The MXV-Index is moving sideways. Source: MXV

Amidst the continued strong influence of macroeconomic and geopolitical factors, the MXV-Index remained stable around 2,885 points, reflecting a clear divergence in capital flows within the market.

According to the Vietnam Commodity Exchange (MXV), industrial raw materials are a bright spot as rubber prices maintain their upward trend due to a combination of supply and demand factors and input costs. Tensions in the Middle East have not eased, keeping crude oil prices high, leading to increased costs for synthetic rubber production, thereby indirectly supporting natural rubber.

In addition, supply from key producing countries continues to decline. In Thailand, rubber production in the first quarter decreased by about 15% compared to the same period last year, while exports of standard rubber fell by as much as 23%.

Thailand's rubber exports. Source: MXV

On the demand side, China continued to play a pivotal role by maintaining stable imports, contributing to strengthening market sentiment. At the close of trading, the June TSR20 rubber futures price rose 1.65% to $2,162/ton, while RSS3 rubber increased 1.84% to $2,465/ton.

In the domestic market, rubber latex prices have shown a clear upward trend. Specifically, the price of liquid latex increased by 10-15 VND/degree, fluctuating between 470-485 VND/degree, while the price of cup latex surged to 23,000-25,000 VND/kg, reflecting strong demand from processing plants.

Conversely, metals came under downward pressure, particularly silver. At the close of trading, COMEX silver futures for May delivery fell 2.4% to $73.22 per ounce – the lowest level in about three weeks and marking the second consecutive day of declines.

Net long position in COMEX standard silver futures contracts. Source: MXV

In the domestic market, the price of 999 silver bars also adjusted in line with international trends, falling to the 2.75–2.86 million VND/ounce range before recovering slightly in the morning session of April 29.

Source: https://hanoimoi.vn/thi-truong-phan-hoa-mxv-index-giang-co-747558.html