Closing the session on April 14, the prices of oil, copper, iron, steel and rubber all increased, natural gas was still at a 13-year high, palm oil was the highest in a month, while gold and sugar turned down.

Oil prices continue to rise

Oil prices rose, when it was reported that the EU might impose a ban on Russian oil imports.

Closing the session on April 14, Brent crude oil increased by 2.92 USD, or 2.68% to 111.7 USD/barrel and West Texas Intermediate crude oil increased by 2.7 USD, or 2.59%, to 106. 95 USD/barrel. Both oils had their first weekly gain in April 2022. Over the past few weeks, oil prices have been the most volatile since June 2020.

The New York Times reports that the EU is moving towards a phased ban on Russian oil, so that Germany and other countries can look for alternative sources of supply.

Meanwhile, major global players are planning to limit purchases of crude oil and fuel from Russian state-controlled oil companies in May 2022.

Natural gas prices up 4%

U.S. natural gas prices rose 4% to a new 13-year high, driven by lower-than-normal inventories and falling U.S. natural gas production.

The price of natural gas for May 2020 futures on the New York Stock Exchange increased by 30.3 US cents to 7.3 USD/mmBTU – the highest since October 2008. For the whole week, natural gas prices increased 16% – the strongest week since August 2020.

Gold price falls

Gold prices fell after a strong dollar and rising US bond yields, but safe-haven demand, fueled by the Ukraine crisis and inflation, kept gold up for the week.

Spot gold on the LBMA fell 0.3% to $1,971.04 an ounce and gold for June 2022 on the New York Stock Exchange fell 0.5% to $1,974.9 an ounce. However, since the beginning of the week, the gold price has increased by 1.3% and has had a 2nd consecutive week of increase.

Central banks around the world are working to contain rising inflation, while the European Central Bank remains unchanged on its plan to return to stimulus measures this year, a move seen as less decisive. stronger in the face of high inflation.

The price of copper increases

Copper prices rose, boosted by expectations of increased demand after the top metal consumer – China – imposed economic stimulus measures.

Copper for three-month delivery on the London Stock Exchange rose 0.2 percent to $10,318 a tonne.

China accounts for nearly half of global copper consumption, estimated at 24 million tons, is trying to prevent the Covid-19 epidemic, which threatens economic growth and disrupts the country’s supply chain.

Steel and iron ore prices rise

Steel prices in China rose, as investors sought government stimulus measures to revive an economy hit by a sharp rise in Covid-19 cases.

On the Shanghai exchange, the price of rebar for October 10/2022 increased by 0.6% to 5,004 CNY (US$786)/ton. Hot rolled coil price increased by 0.6% to 5,160 CNY/ton. The price of stainless steel in May 2022 increased by 0.8% to 19,830 CNY/ton.

At the same time, the price of iron ore for September 2022 futures increased by 0.1% to 902 CNY/ton.

Spot price of 62% Fe iron ore to China fell $2 to $152 a tonne, consulting firm SteelHome said.

Rubber prices in Japan increase

Rubber prices in Japan increased, driven by a strong stock market and tight raw material supply.

The price of rubber for September 2022 on the Osaka floor increased by JPY 4.3, or 1.7%, to 264.0 JPY (US$2.11)/kg.

At the same time, the price of rubber for September 2022 on the Shanghai trading floor increased by 40 CNY to 13,460 CNY (US$2,114.06)/ton.

Coffee prices increased in Vietnam, unchanged in Indonesia, decreased in New York and London

Vietnam’s coffee market was quiet, buying activity was low while inventories decreased.

The price of Vietnam’s export robusta coffee (2.5% black & broken) is offered at a discount of 250-260 USD/ton compared to the July 2022 futures contract on the London Stock Exchange and compared with the deduction level. 240-250 USD/ton 1 week ago. In the domestic market, green coffee beans were sold for 40,500-41,500 VND (1.77-1.81 USD)/kg, unchanged from a week earlier.

In the first quarter of 2022, Vietnam exported 581,693 tons of coffee, up 28.3% over the same quarter last year. Coffee export turnover in the first quarter of 2022 increased by 60% to 1.3 billion USD.

In Indonesia, the price of Robusta coffee grade 4 (80 defective beans) offered for sale is at a minus 200 USD/ton compared to the July 2022 futures contract and unchanged from 1 week ago.

In March 2022, Indonesia exported 7,604.4 tons of robusta coffee, down 48.63% compared to March 2021.

In New York, the price of arabica coffee for July 2022 futures fell 1.4 US cents, or 0.6%, to $2,2375/lb, closing the previous session down 3.6%.

In London, the price of Robusta coffee for the term of July 2022 decreased by 6 USD, or 0.3%, to 2,099 USD/ton.

Sugar prices leave 5-month high

Raw sugar prices fell after hitting a five-month high in the previous session.

Raw sugar futures for May 2022 on ICE fell 0.04 US cents, or 0.2%, to 20.06 US cents/lb, after hitting a five-month high (20.51 US cents/lb). in the previous session.

At the same time, the price of white sugar for the term of May 2022 is above