Commodity of the Day (29/11/2024)

IDXchannel

Harga batu bara stagnan dipicu transisi energi China ke EBT yang semakin masif. Harga emas dunia melemah tipis, bersamaan kemungkinan indeks dolar Amerika Serikat masih berada di level tinggi. Sementara harga minyak mentah menguat, di tengah ketidakpastian gencatan senjata Israel dan Hizbullah.

Transcript

00:00The price of coal is stagnant at the peak of China's energy transition to the EBT, which is getting more and more massive.

00:11The world's gold price has fallen sharply, while the US dollar index is still at a high level.

00:18Meanwhile, the price of crude oil is strengthening amid the uncertainty of the agreement between Israel and Hezbollah.

00:26The price of coal is stagnant at the peak of China's energy transition to the EBT, which is getting more and more massive.

00:36Quoted from oilprice.com, the portion of electricity generation in China that comes from coal has fallen below 60%,

00:42from the total for the first time since the beginning of the year.

00:46Quoted from the definitive price of the December coal contract of Ashwan Ice Newcastle on Thursday,

00:51stagnant at US$138 per ton.

00:55This position is the lowest since September 19, 2024.

01:02The world's gold price has fallen sharply, while the US dollar index is still at a high level.

01:09Quoted from Kidco News, Calvin Wong, a senior market analyst in Rwanda,

01:14said that even though the trend of gold's long-term rise is still maintained,

01:17the price is still trapped in the mid-term correctional cycle.

01:21The definitive price of the world's gold on Thursday was 0.2%, to US$2,640.96 per troy ounce.

01:30Meanwhile, on Friday morning, the price of gold fell by 0.08%, to US$2,638.87 per troy ounce.

01:40The price of crude oil in the sports market tends to strengthen.

01:44There must be an accusation that the arms race has been broken between Israel and Sebulol.

01:49In addition, OPEC-class also postpones the meeting on December 5 from the beginning of December 1,

01:54which is likely to increase production cuts.

01:57On Friday morning, the price of brand oil rose by 0.47%, to US$73.17 per barrel.

02:05Meanwhile, the price of WTI China oil rose by 0.45%, to US$69.03 per barrel.

02:12This is a source for Adekster.

02:34The price of nickel rose significantly, to US$1.17 per barrel, to US$20,318 per ton.

02:44The price of gold rose by 1.26%, to US$2,364 per troy ounce.

02:51Meanwhile, the CPO for the February 2025 contract rose by 0.17%, to US$3,916 per ton.

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