Commodity market: MXV-Index extends its growth streak

Buying power continued to dominate the world raw material market, the MXV-Index extended its increase to the third consecutive session, up more than 0.5% to 2,239 points.

The market for industrial raw materials is covered in green.

Source: MXV

According to the Vietnam Commodity Exchange (MXV), at the end of yesterday's trading session, green continued to cover the industrial raw material group, in which coffee was the focus when attracting strong investment capital. Arabica coffee prices increased by 1.3% to 8,529 USD/ton, while Robusta jumped by 2.4% to 4,477 USD/ton.

According to MXV, the lack of rain in Brazil just before the flowering stage of coffee trees is putting great pressure on the prospects of the 2026 crop. This has increased investors' concerns about medium-term supply, thereby supporting prices.

In addition, the trade situation also contributed to the impact on the market. Notably, a report from the Brazilian Coffee and Cocoa Association (Cecafé) said that the country exported only 3.1 million bags of coffee in August, down 17.5% compared to the same period in 2024; the cumulative first 8 months of the year also decreased by more than 20% compared to last year.

Domestically, trading activities have also become more active. Some export enterprises have begun to offer to buy new crop coffee at 107,000 - 108,000 VND/kg, for delivery from mid-December, with a deposit of about 2.7 million VND/ton.

The purchase price of raw coffee beans increased by VND1,000/kg this morning, fluctuating around VND114,500 - 115,600/kg. However, the transaction volume is still limited due to the small remaining old inventory.

Green covers most items in the metal group. Source: MXV

The metal market also maintained its green color, with 9/10 items increasing in price. Notably, the COMEX copper contract for December delivery closed up 1.06% to $10,180.94/ton, marking the third consecutive recovery session after a series of declines at the beginning of the month.

The rise in copper prices is underpinned by both supply and demand factors. On the supply side, an incident at the Grasberg mine (Indonesia) - one of the world's largest mining complexes - forced Freeport-McMoRan to temporarily suspend operations, raising concerns about disruptions to global supply.

Grasberg currently supplies an average of more than 770,000 tonnes of copper and 1.4 million ounces of gold per year, so any disruption there would have a major impact on the market.

Source: https://hanoimoi.vn/thi-truong-hang-hoa-mxv-index-noi-dai-chuoi-tang-715704.html