According to the Vietnam Commodity Exchange (MXV), at closing, the MXV-Index decreased slightly by 0.2% to 2,164 points.

Metal commodity market recovers. Source: MXV

The first trading session of the week saw prices of 8/10 metal items increase simultaneously. The main driving force came from concerns about tight supply and signs of recovering demand in the Chinese market.

For the precious metals group, silver prices continued to maintain their upward momentum, closing at $32.17/ounce, up 0.81% from the previous session. Platinum prices also increased by 1.37%, reaching $957.5/ounce.

The precious metals group continued to benefit as the US dollar index fell another 0.46% to 99.64 points. The weakening of the US dollar makes precious metals priced in this currency more attractive to international investors, thereby stimulating buying power.

In the base metals market, copper prices jumped 2.27% to $10,197 a tonne amid concerns about supply shortages as smelters without mines face a shortage of concentrates.

Meanwhile, iron ore prices received support to recover thanks to clear signs of improvement in demand, causing the price of this commodity to recover 1.04% to reach 98.13 USD/ton.

Energy commodity market increased slightly. Source: MXV

According to MXV, oil prices started the new week with a slight increase thanks to positive signals about oil demand in China. At the end of the trading session, Brent oil prices increased slightly by 0.19% to 64.88 USD/barrel. WTI oil prices also climbed to 61.53 USD/barrel, corresponding to an increase of 0.05%.

The main driver behind the recent surge in oil prices is investors' strong expectations for the Chinese market - the world's largest oil consumer.

According to data from the General Administration of Customs of China, crude oil imports in March reached 51.41 million tons, equivalent to about 12.1 million barrels/day, setting the highest level since August 2023.

Notably, this figure increased sharply compared to the same period last year and far exceeded the average of the first two months of the year, showing that China's oil import demand is recovering impressively and continues to be an important supporting factor for oil prices in the international market.

Source: https://hanoimoi.vn/thi-truong-hang-hoa-luc-ban-quay-lai-chiem-uu-the-698962.html