Commodity of the Day (31/10/2024)

IDXchannel

Harga batu bara dunia melemah, dibayangi rencana pembangunan pusat pembangkit listrik besar EBT di China. Harga emas melanjutkan penguatan, untuk menuju ke USD2.800. Sementara harga minyak mentah masih melaju, didorong optimisme permintaan bahan bakar di Amerika Serikat.

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00:30Because the planned development of renewable energy in China has the potential to reduce the demand for coal

00:35China 3, Gerges Renewal Group Co. plans to build a large power plant

00:39which combines wind, solar, coal and battery energy

00:43in an inexhaustible ground

00:45According to Refinitiv data, the price of Newcastle coal is recorded at 145 USD per ton

00:50or down 0.17% from the previous position

00:54The price of coal reached the highest record due to uncertainty of the US President's assessment

00:58encouraging the demand for Safe Haven asset

01:01On the other hand, investors are also waiting for economic data to get a clue about the direction of Dovet project

01:06Based on Refinitiv data at the beginning of the trading on Thursday

01:09The price of gold in the spot market was recorded at 2787.14 USD per troy ounce

01:15or up 0.04%

01:17Previously in Rabu, gold rose 0.4% to the level of 2786.19 USD per troy ounce

01:25The price of oil in Thursday morning was a sign of an increase in the optimism of the demand for coal in the United States

01:31Meanwhile, the APEC Plus report may suggest an increase in production

01:34According to Reuters, the raw oil price of the brand rose 0.5% to the level of 72.92 USD per barrel

01:40WT oil rose 0.5% to the level of 68.93 USD per barrel

01:45Previously, these two contracts rose 2% in Rabu

01:48after dropping 6% more in previous trades

01:52Thank you for watching IDX Channel

02:22Gold fell 0.26% to the level of 2793.55 USD per troy ounce

02:29Meanwhile, the CPO for the January 2025 contract

02:33increased significantly to 1.25% at Rp 4,628 per ton

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