According to the Vietnam Commodity Exchange (MXV), despite low liquidity, some key commodities such as Robusta coffee and Brent oil still recorded positive buying power, thereby pulling the MXV-Index up slightly by 0.04% to 2,326 points when the market closed.
4/9 industrial raw material products are temporarily suspended from trading. Source: MXV
In the group of industrial materials, although 4/9 items temporarily stopped trading, Robusta coffee price still recorded an increase of nearly 0.6%, to 4,539 USD/ton.
Adverse weather conditions in the Central Highlands continue to be an important factor supporting coffee prices. Historic floods occurring during the peak harvest period have damaged many coffee areas, causing trees to fall off their roots and farmers to have difficulty collecting.
In addition, the EU's decision to postpone the implementation of the EU Deforestation Regulation (EUDR) until the end of 2026 creates more psychological support for coffee prices in the short term.
In the domestic market, the price of raw coffee beans on November 27 slightly adjusted to 111,000-112,000 VND/kg, but purchasing power remained very weak as farmers and agents maintained a hoarding mentality, hoping that prices would recover strongly.
3/5 energy group items temporarily suspended trading. Source: MXV
In the energy group, Brent crude oil prices increased by more than 0.5% to 63.39 USD/barrel. Expectations that the US Federal Reserve (FED) will soon lower interest rates continued to be an important supporting factor, weakening the USD and promoting cash flow into assets priced in the greenback such as crude oil.
In addition, the lack of clear progress in the Russia-Ukraine geopolitical situation forced some traders to close short positions.
Supply from Russia narrowed as oil product exports fell sharply in the first half of November, while many oil tankers had to wait at anchor for more than a week due to the impact of new sanctions.
The market is closely watching the OPEC+ meeting, which is expected to maintain production cuts until 2026, thereby contributing to stabilizing prices.
Source: https://hanoimoi.vn/thi-truong-tram-lang-ngay-le-ta-on-724978.html
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