The market was quiet on Thanksgiving Day.

Global commodity markets were relatively quiet on Thanksgiving Day in the US.

According to the Vietnam Commodity Exchange (MXV), despite low liquidity, some key commodities such as Robusta coffee and Brent crude oil still recorded positive buying interest, thereby pushing the MXV-Index up slightly by 0.04% to 2,326 points at market close.

4 out of 9 industrial raw materials items are temporarily suspended from trading. Source: MXV

In the industrial raw materials group, despite 4 out of 9 items temporarily suspending trading, Robusta coffee prices still recorded an increase of nearly 0.6%, reaching $4,539 per ton.

Adverse weather conditions in the Central Highlands continue to be a significant factor supporting coffee prices. Historic floods occurring during the peak harvest season have damaged large areas of coffee plantations, causing trees to fall and making it difficult for farmers to harvest.

In addition, the EU's decision to postpone the implementation of the Anti-Deforestation Regulation (EUDR) until the end of 2026 provides further psychological support for coffee prices in the short term.

In the domestic market, the price of bulk green coffee beans on November 27th adjusted slightly to 111,000–112,000 VND/kg, but purchasing power remained very weak as farmers and dealers maintained a hoarding mentality, hoping for a strong price recovery.

3 out of 5 energy commodities are temporarily closed for trading. Source: MXV

In the energy sector, Brent crude oil prices rose more than 0.5%, to $63.39 per barrel. Expectations of a swift interest rate cut by the Federal Reserve (FED) continue to be a key supporting factor, weakening the USD and driving capital flows into dollar-denominated assets such as crude oil.

In addition, the lack of clear progress in the geopolitical situation between Russia and Ukraine has led some traders to close their short positions.

Supply from Russia narrowed as oil product exports fell sharply in the first half of November, while many oil tankers were forced to wait for more than a week due to the impact of new sanctions.

The market is currently closely monitoring the OPEC+ meeting, which is expected to maintain production cuts into 2026, thereby contributing to price stability.

Source: https://hanoimoi.vn/thi-truong-tram-lang-ngay-le-ta-on-724978.html