Green dominates the world raw material market

According to the Vietnam Commodity Exchange (MXV), the MXV-Index increased 0.75% to 2,210 points.

Metal commodity markets increased in price across the board. Source: MXV

At the end of yesterday's trading session, all 10 metal group items increased in price. Of which, silver price continued to increase by 1.33%, to 36.59 USD/ounce, iron ore price also recovered by 0.63%, reaching 93.32 USD/ton.

The depreciation of the greenback has made USD-denominated metals more attractive to international investors, thereby triggering strong buying pressure in the precious metals market.

Silver prices are also supported by a persistent deficit. The silver market is estimated to be short 117.6 million ounces this year.

While supply is increasingly tight, demand for silver from the electrical and electronics sector continues to increase, thereby maintaining the supply-demand imbalance in the market.

The market for industrial raw materials is dominated by green.

Source: MXV

The industrial raw material market also recorded positive buying power yesterday. Notably, two sugar products in the group simultaneously weakened under pressure from the surplus of supply and demand.

Specifically, the price of sugar 11 has decreased in 9 out of the last 11 sessions, currently trading at 362 USD/ton, equivalent to a decrease of about 1.1%. In addition, the white sugar contract also decreased slightly by 0.23%, to 478 USD/ton.

The global sugar surplus has continued to weigh on sugar prices over the past three months. According to the latest forecast from the US Department of Agriculture (USDA), global sugar production in the 2025-26 crop year is expected to increase by 4.7% from the previous season to 189.3 million tonnes. The global surplus is estimated at around 41.2 million tonnes, up 7.5% from the previous year.

In the US, concerns about sugar demand were reflected in the USDA's June Sweeteners Market Report (SMD), which showed that sugar deliveries for consumption in April fell 6% year-over-year, following a slight 1.8% increase recorded in March.

Source: https://hanoimoi.vn/sac-xanh-ap-dao-tren-thi-truong-hang-hoa-nguyen-lieu-the-gioi-706969.html