Commodity Market Summary Report for the Week of September 14, 2026 - September 20, 2026

The global commodity market during the week of September 14, 2026, to September 20, 2026, witnessed a clear divergence, with a slight upward trend in the energy and precious metals sectors, as investor sentiment focused on the United Nations General Assembly in the United States. With nearly 130 heads of state gathering to discuss "hot" topics such as the Ukraine conflict, artificial intelligence, and energy security, the prices of strategic commodities like crude oil and gold maintained a steady upward momentum. In Vietnam, the appeal to U.S. investors is growing, creating a positive foundation for domestic commodity trading and financial activities, despite fluctuations in land management and personnel in certain localities such as Lam Dong or Quang Ninh.

GROUP: Agricultural Products

Arabica coffee prices led the gains in the agricultural sector this week, closing on September 20 at 280.50 UScents/lb, equivalent to approximately 160.9 million VND/ton. The 1.19% increase compared to the previous session reflects concerns over long-term supply and exchange rate volatility. Meanwhile, other commodities in the group remained stable:

• Rubber: Recorded a price of 238.20 JPY/kg (approximately 52.1 million VND/ton), a slight increase of 0.29%. The rubber market is awaiting new signals regarding global tire industry demand.
• Sugar and Cocoa: Maintained low volatility. Sugar reached 17.36 UScents/lb (+0.17%) and Cocoa reached 5,327.00 USD/mt (+0.05%).
• Soybeans and Corn: Soybean prices closed the week at 1,303.50 UScents/bu (+0.04%), while corn reached 527.50 UScents/bu (+0.05%).

Key drivers: The stability of the agricultural group was partly due to the progress of harvests in key regions. However, information regarding the review of the national cadastral map in Vietnam before September 30 and agricultural land management issues in Lam Dong are causing domestic exporters to be more cautious in planning their raw material sourcing.

Outlook for next week: Agricultural prices are forecast to continue moving sideways. Attention will be directed toward periodic inventory reports and weather developments in South America.

GROUP: Metals

Precious metals continued to serve as a safe haven as global Gold prices touched the 4,383.40 USD/toz threshold on September 20, 2026, equivalent to over 137.5 million VND/tael. With a 0.88% increase, gold is reacting directly to the geopolitical uncertainties discussed at the UN session. Other items in the group also recorded gains:

• Silver: Rose strongly by 1.27%, reaching 66.24 USD/toz.
• Zinc: A bright spot in the base metals group with a 1.16% increase, reaching 3,933.80 USD/mt.
• Copper and Aluminum: Copper rose slightly by 0.36% to 661.50 UScents/lb, while Aluminum remained stable at 3,296.50 USD/mt.

Key drivers: Investment demand in Vietnam from U.S. enterprises is increasing, particularly in the technology and finance sectors, boosting demand for precious and industrial metals. Additionally, news regarding the search for Warren Buffett's successor at Berkshire Hathaway has sparked discussions about the shift in global capital flows, indirectly impacting metal prices.

Outlook for next week: The metals group may maintain its upward momentum if messages from the UN Conference continue to emphasize conflict and inflation risks.

GROUP: Energy

Brent crude oil prices remained firm above the 100 USD mark, closing the week at 103.87 USD/bbl (approximately 2.7 million VND/barrel) on September 20. WTI crude oil also rose 0.77%, reaching 100.30 USD/bbl. US natural gas recorded 2.91 USD/mmbtu, an increase of 0.48%.

• Coal: Reached 144.00 USD/mt, a slight increase of 0.45%.

Key drivers: Energy issues are a focal point on the agenda of nearly 130 heads of state meeting in the U.S. Concerns over energy security for the upcoming winter and the war in Ukraine continue to be the main support for oil prices. In Vietnam, the implementation of major tourism infrastructure projects in Quang Ninh (Yen Tu, Ha Long, Van Don) is also increasing expectations for domestic energy consumption.

Outlook for next week: The energy market will fluctuate strongly based on statements from world leaders regarding embargo policies or production support.

GROUP: Food

Beef prices in the international market recorded stability at a high level, reaching 352.90 BRL/kg on September 20, 2026. Meanwhile, other food commodities saw slight fluctuations:

• Chicken: Rose 0.24%, reaching 8.31 BRL/kg.
• Pork: Reached 78.10 UScents/lbs, a slight increase of 0.06%.

Key drivers: Stable logistics and animal feed costs (soybeans, corn) have kept meat prices from experiencing unusual volatility. However, in the domestic Vietnamese market, consumer and investor sentiment is being affected by real estate legal issues (such as the FLC Quang Ninh project) and new urban management policies, which are altering spending structures for premium food products.

Outlook for next week: Food prices are not expected to see any breakthroughs, depending primarily on the purchasing power of the Chinese market and Brazil's export policies.

Notable commodities of the week

The most notable commodities this week were Arabica Coffee and Silver, with increases of 1.19% and 1.27%, respectively. This rise reflects the trend of capital shifting toward assets with high liquidity and sustainable value in a world facing many changes in financial leadership (Warren Buffett) and high-level political summits.

Forecast and recommendations for next week (September 21, 2026 - September 27, 2026)

Trend forecast:

• Energy: Continued slight upward trend due to geopolitical pressure from the UN session.
• Metals: Gold and Silver may see a slight correction after reaching weekly highs, but will remain at elevated levels.
• Agricultural products: Coffee prices may face profit-taking pressure.

Risk factors to monitor:

• Geopolitics: New decisions regarding the Ukraine conflict from heads of state in the U.S.
• Domestic policy: The review of cadastral data and the enforcement of the Urban Development Law in Vietnam will affect the sentiment of commodity production and trading enterprises.
• Technology: The development of AI and new technology products (such as the iPhone 18 Pro) may impact the demand for rare metals in the long term.

Recommendation: Vietnamese enterprises should leverage the appeal to U.S. investors to expand capital mobilization channels. For commodity investors, caution is advised regarding chasing long positions in the precious metals group, and close observation of signals from the global energy market is recommended.