Red covers the world raw material market

Closing, the MXV-Index lost 2.2% to 2,228 points.

Red dominated the energy market last week. *Source: MXV*

According to records from the Vietnam Commodity Exchange (MXV), the energy market last week witnessed red covering all 5 commodities in the group.

Notably, WTI oil price fell below the $60/barrel mark, stopping at $58.9/barrel, corresponding to a weekly decrease of about 3.25%; Brent oil price also decreased by 2.79% last week, returning to $62.73/barrel.

The decline in world oil prices last week was concentrated in the last two sessions of the week, when crude oil prices lost 5-6% of their value in just this short period of time. One of the main reasons for this decline was the US-China trade tension, which caused oil prices to fall by 4% in the trading session on October 10.

World oil prices are under further downward pressure after Israel and Hamas reached an agreement on the first phase of a peace plan on October 9, which will contribute to strengthening security and stabilizing oil supplies from the region.

This became the main driving force causing oil prices to fall by 1.5% in the trading session on October 9.

Red dominates the industrial raw materials market. *Source: MXV*

The industrial raw material group also recorded overwhelming selling pressure with 6/9 items simultaneously decreasing in price. Of which, Arabica coffee price lost 4.5% during the week, falling to 8,224 USD/ton; Robusta coffee also decreased more than 1% to 4,480 USD/ton.

According to MXV, pressure is mounting on the coffee market as investors receive positive news in trade negotiations between the US and Brazil, along with positive signals from the coffee production situation in Vietnam.

In Vietnam, according to a survey by Sucafina, coffee output in the 2025-2026 crop year is expected to reach about 29.65 million bags, up 8.3% over the previous crop year. Of which, Robusta coffee is estimated to reach about 28.34 million bags, up 7.4% over the same period last year.

The 2025-2026 crop year in the Central Highlands has begun, early-ripening coffee has had small harvests, however the harvest volume is still limited and the trading market is not yet active.

Domestic coffee prices on October 11 remained at 112,000-113,000 VND/kg, down 3,000 VND/kg compared to the same period last week.

Source: https://hanoimoi.vn/sac-do-bao-phu-thi-truong-hang-hoa-nguyen-lieu-the-gioi-719416.html