Commodity of the Day (07/12/2023)

IDXchannel

Harga batu bara akhirnya bangkit dengan rebound signifikan dan berhasil menembus level psikologis di USD140 per ton. Harga emas mencoba bangkit setelah  koreksi dalam 2%, sementara harga minyak mentah masih tertekan, terutama WTI yang sudah meninggalkan level USD70 per berel.

Transcript

00:00 We move on to the commodity news. The price of coal has finally rebounded significantly

00:05 and managed to pass the physical level at US$140 per ton.

00:09 The price of coal has tried to rise after a correction of 2%,

00:13 while crude oil prices are still high, especially WTI, which has left the US$70 per barrel.

00:25 The price of gold in the spot market has rebounded and continued to rise in previous trades.

00:31 After a two-day downturn, gold prices have rebounded in anticipation of the US labor market data.

00:36 In the trade of copper, the price of gold in the spot market has closed at 0.27%,

00:41 at a position of US$2,024.89 per troy ounce.

00:46 While in our trade in the morning, the price of gold in the spot market moved higher,

00:50 rising 0.01% at US$2,025.04 per troy ounce.

00:55 The good news also comes from the price of coal,

01:04 with a significant rise in the psychological level at US$140 per ton.

01:08 This strengthening occurs as the world's commitment to reduce the use of fossil fuels,

01:13 which is due to a shortage of energy community chain.

01:17 In addition, the energy community's demand to carry out the cold season also made a price jump,

01:21 pointing to the definitive price of the ice newcastle coal contract in January,

01:25 closed at US$142 per ton, or 5.58% lower than the trade of copper at the spot.

01:31 Meanwhile, the price of crude oil in the world is open for compact trading on Thursday.

01:43 The price of WTI crude oil is opened to a weakening of 0.14%, at US$69.28 per barrel.

01:49 The price of brand crude oil is opened to a weakening of 0.23%, at US$74.47 per barrel.

01:56 Previously in the trade of copper, WTI was closed at US$4.07 per barrel,

02:00 and brand was closed at US$3.76 per barrel.

02:02 The price of crude oil dropped by almost 4% to the lowest level since June,

02:06 because US data shows a rise in gasoline supply greater than estimated,

02:10 from various sources for IDX Channel.

02:14 [The latest news]

02:17 And how is the latest movement of the price of a number of commodities

02:20 that was successfully collected by our team,

02:23 where the movement of WTI crude oil is strengthening at 0.55%,

02:26 but still traded at less than US$70 per barrel,

02:30 precisely at US$69.78 per barrel.

02:34 Nickel is strengthening at 0.50%, at US$16,224 per ton.

02:39 Copper is weakening, at 0.07%, at US$2046.45 per ton.

02:45 While CPO is still weakening at 0.21%, at US$3711 per ton.

02:53 [The latest news]

02:56 [BEEP]

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