Commodity Market Summary Report: June 08, 2026

The global commodity market during the week of June 08 to June 14, 2026, recorded mixed fluctuations, heavily influenced by geopolitical tensions in the Middle East and macroeconomic policy adjustments. The most significant highlight came from the Energy sector, with a strong recovery in crude oil prices due to concerns over maritime security in the Strait of Hormuz, alongside the relative stability of the Agricultural sector thanks to biotechnological advancements from China. In Vietnam, market sentiment was also impacted by forecasts of volatile USD exchange rates and the roadmap for tightening banking transactions starting in 2026.

SECTOR: Energy

Crude oil prices recorded the most impressive growth over the past week, directly reflecting instability in geopolitical hotspots. Specifically, Brent crude rose 3.38% to 87.33 USD/bbl, while WTI crude also increased 3.23% to reach 84.88 USD/bbl on June 14, 2026.

Causes: Concerns that the Strait of Hormuz may not return to its pre-war state of stability have fueled hoarding sentiment and pushed oil prices higher. Additionally, major explosions causing casualties in energy-sensitive areas have increased the risk of supply disruptions.
Natural Gas and Coal: US Natural Gas rose slightly by 1.07% to 3.12 USD/mmbtu, while Coal maintained a steady growth momentum of 1.88%, reaching 148.90 USD/mt due to the booming demand for electricity to power production and AI technology.
Outlook for next week: Energy prices are forecast to remain anchored at high levels if signals from the Middle East show no signs of cooling down.

SECTOR: Metals

The precious and industrial metals market maintained a positive trend, with Platinum and Copper being standout performers. Platinum recorded a strong gain of 3.06%, closing the week at 1,764.55 USD/toz. Copper also rose 0.98% to 651.35 UScents/lb.

Causes: The structural economic shift in China, where top billionaires are now focusing on technology and AI rather than real estate, has boosted demand for rare and conductive metals. In Vietnam, the acceleration of strategic infrastructure projects such as the Ben Thuy 3 bridge, the Western expressway, and T&T Group's projects in Bac Ninh has also created long-term expectations for steel and copper consumption.
Gold: Gold prices remained stable at 4,222.00 USD/toz (equivalent to approximately 133.9 million VND/tael), a slight increase of 0.22% as investors continue to view it as a safe-haven asset against USD exchange rate fluctuations.
Outlook for next week: The industrial metals group may continue to rise slightly thanks to support from public investment projects in Vietnam and the recovery of technology manufacturing in China.

SECTOR: Agriculture

Agricultural prices performed stably with a narrow fluctuation range, except for Cocoa and Rice, which saw decent gains. Cocoa rose 1.84% to 3,868.00 USD/mt, while global Rice increased 1.35% to reach 12.04 USD/CWT.

Causes: News of China successfully creating a hybrid fruit between lychee and longan has stirred the produce market, promising to solve future fruit supply shortages. However, traditional commodities such as Rubber (224.40 JPY/kg, +0.81%) and Arabica Coffee (253.40 UScents/lb, +1.26%) only saw slight increases as supply from Southeast Asian countries, including Vietnam, remains well-controlled.
Corn and Soybeans: Corn rose 0.37% to reach 413.27 UScents/bu. Soybeans increased slightly by 0.14% to 1,113.50 UScents/bu. The market is closely monitoring weather conditions to assess new crop yields.
Outlook for next week: The stable trend will continue; however, attention should be paid to sea freight costs, which may rise in line with oil prices, impacting the prices of Vietnam's agricultural exports.

SECTOR: Food

Prices for livestock food products remained sideways, reflecting that domestic and international consumer demand has not seen any breakthroughs. The pork market rose slightly by 0.85% to 97.45 USD/lbs.

Causes: Food and beverage rankings recorded a decline in scores for major chains such as Highlands, Starbucks, and Phuc Long, indicating a shift in consumer spending habits. This has somewhat restrained the price increase of input food ingredients.
Outlook for next week: Food prices are expected to remain largely unchanged unless there are new disease outbreaks or logistics supply chain disruptions.

Most notable commodities of the week

Brent Crude (+3.38%): The commodity with the most impressive gain due to geopolitical risks in the Strait of Hormuz.
Platinum (+3.06%): Rose strongly due to expectations of a boom in the technology and green manufacturing sectors.
Arabica Coffee (253.40 UScents/lb): Maintained a record high price, putting pressure on beverage processing businesses in Vietnam.

Forecast and recommendations for next week (June 15, 2026 – June 21, 2026)

Trend forecast: The Energy sector will remain the focal point with the potential for sharp volatility based on war-related news. The Metals sector may benefit from policies promoting infrastructure in Vietnam (HCMC flood prevention projects, bridge and expressway construction). Agriculture will maintain its stable momentum but caution is needed regarding logistics costs.

Recommendations for businesses and investors:

Exchange rate risk management: With the USD exchange rate forecast to experience significant volatility between now and the end of 2026, businesses importing raw materials need to have appropriate hedging plans in place.
Monitor banking policies: Take note of the roadmap for suspending withdrawal/transfer transactions in certain cases starting from 2026 to proactively manage cash flow plans.
Leverage infrastructure: Construction material businesses should closely follow the progress of key projects in the Mekong Delta and the Southeast region to optimize supply plans.