Oil prices fall
Oil prices fell in the last trading session of April in a volatile trading atmosphere, in which the price of US heating oil sometimes plummeted, more than 20%.
The price of US heating oil for May delivery, which represents diesel prices, jumped to a record high of $5.8595 per gallon before falling to just $4.4067 per gallon. The spike in diesel futures prices was due to investors worried about tight supply globally following the outbreak of conflict between Russia and Ukraine.
Brent oil futures for June ended this session down 12 US cents to 107.14 dollars per barrel, for May term – due on April 29 – up 1.75 dollars to 109.34 dollars per barrel. West Texas Intermediate (WTI) oil prices fell 67 cents to $104.69 a barrel, as traders sold broad-based energy contracts.
For the whole week, Brent and WTI prices both increased, and for the whole month of April, they increased for the 5th consecutive month, with Brent this month up 1.3%, while WTI gained 4.4%.
Gold up more than 1%
Gold price increased 1% in session on April 29 due to the decrease of USD, but overall in April decreased because investors bet on the US Federal Reserve will tighten monetary policy.
Spot gold ended up 0.9 percent higher at $1,911.14 an ounce, but overall, it fell 1.4 percent in April, the first decline since January 2022.
Gold futures for June 2022 rose 1.1% to $1,911.70 per ounce.
The Dollar Index fell 0.7%, after hitting a 20-year high in the previous session (April 28), making gold less expensive for buyers in other currencies, which is why caused the gold price to increase in the last session of the week.
The price of copper increases
Copper prices recovered in the last session of the week after the world’s top metal consumer – China – pledged more support for its ‘ailing’ economy and the dollar fell from a 20-year high. year, but for the whole month of April, this metal still fell the most since September 2021.
Three-month copper futures on the London Metal Exchange (LME) ended up 0.8 percent higher at $9,780 a tonne, down more than 5% for the whole month.
China’s Politburo has pledged to add measures to boost economic growth to revive the struggling economy.
Iron ore soars
China’s iron ore futures rose for a fourth straight session on expectations that demand would pick up after Beijing pledged to step up policy support to stabilize the economy.
Iron ore prices on the Dalian Commodity Exchange rose 4.2 percent to 870 yuan ($132.05) a tonne at the close of trading.
The price of rebar for October delivery on the Shanghai Futures Exchange also increased by 1.6% at 4,910 yuan/ton; Hot rolled coil increased 1.5% to 4,996 yuan/ton.
The price of stainless steel for June delivery on the Shanghai Exchange fell 0.6% to 19,360 yuan/ton on Friday.
Gas reduction
Gas prices in both Europe and Asia fell in the last session due to ample supplies and the waning impact of Russia stopping gas exports to Poland and Bulgaria.
On the Dutch gas market, the TTF gas contract for June delivery fell 2.70 euros to 99.00 euros/megawatt hour (MWh); The weekly contract contract fell 10.78 euros to 99.50 euros/MWh.
In the UK market, the weekly contract also fell 9.00 pence to 120.00 pence/therm.
On Thursday, the European Commission warned Russian gas buyers that they could be in breach of sanctions by converting gas payments into Russian rubles, as officials in the region battled to clarify the EU’s position on Moscow’s payment plan, which has caused disagreement within the bloc.
Spot prices of liquefied natural gas (LNG) in Asia also fell later this week as Asian import demand softened, following a brief rise earlier this week as Russian supplies headed to Poland. and Bulgaria stopped.
Industry sources said that the average LNG price for June delivery in Northeast Asia is estimated at $23.50/mmBtu, down $1.90, or 7.5% from last week.
The highest cotton for nearly 11 years
Cotton prices on the New York Stock Exchange increased for the second week in a row due to stable operations of factories while forecasting supply would be scarce due to adverse weather.
Cotton contract for delivery in July 2022 ended the last session up 1.19 cents, or 0.81%, to 148.87 cents/lb; price traded in the range 144.44 – 151.1 cents/lb.
For the whole week, prices increased by 9.7%, the biggest increase since July, and for the whole month of April, it increased by 12.2%.
Wheat fell, corn and soybeans flat
U.S. wheat prices fell to 3-week lows, the biggest drop in winter hard-crust contracts, after showers in key U.S. growing areas increased the moisture needed for crops. tree.
Corn prices were flat at the end of the session, after spiking to a near 10-year high for the third day in a row on fears that rain and cool weather will continue to delay planting in the region. midwestern United States.
Soybean prices were also flat at the close, after rising early in the session.
The Chicago soft red winter wheat contract for July term ended 30 cents down at $10.55-3/4 per bushel, while the winter hard red wheat also fell 35 cents to 11. 06-1/4 USD/bushel. Both contracts are at their lowest levels since April 8.
The price of US corn for July delivery ended this session unchanged at 8.13-1/2 USD/bushel, after once reaching 8.24-1/2 USD/bushel.
Soybean prices for July delivery were also firm at 16.84-3/4 USD/bushel.
Coffee rose
The price of arabica coffee for July delivery ended up 4.5 cents, or 2.1%, to $2,221/lb.
Dealers said exporters in the top producer – Brazil – were cautious in selling, even as the Brazilian currency weakened.
Robusta coffee delivered in July this session also increased by 18 USD, or 0.9%, to 2,107 USD/ton.
Prices of some key items on the morning of April 30:
