Media R elease
MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY
Weekly
Weekly BULLETIN BULLETIN
VOLUME 611 VOLUME 611
10 NOVEMBER 2020 | NO. ISSN :2180-0448 10 NOVEMBER 2020 | NO. ISSN :2180-0448
YB DATO’ SERI MOHAMED AZMIN ALI JOINS ASEAN LEADERS TO PLEDGE FOR UNITY TO FACE TOUGH CHALLENGES AHEAD
AT THE 37
THASEAN SUMMIT AND RELATED MEETINGS
ASEAN Leaders are all set to convene at the 37th ASEAN Summit and Related Meetings, in a virtual manner, from 9 – 15 November 2020. Hosted by Vietnam who is the ASEAN Chair for 2020, Senior Minister and Minister of International Trade and Industry YB Dato’ Seri Mohamed Azmin Ali will be participating in the Summit, alongside Foreign Minister YB Datuk Seri Hishammuddin Tun Hussein. The Malaysian delegation at the virtual Summit will be led by Prime Minister YAB Tan Sri Muhyiddin Yassin.
Central to the outcome of the 37th ASEAN Summit is the signing of the Regional Comprehensive Economic Partnership (RCEP) Agreement, making this grouping the largest FTA in the world covering nearly half of the world’s population while contributing one third of the world’s GDP. The RCEP Agreement, which has been in negotiation since 2013, would enhance regional economic integration, promote the flow of investments and strengthen global supply chains.
With ASEAN Member States still battling the COVID-19 pandemic, the Summit will therefore be an ideal platform to discuss ways and means to deal with the health and economic challenges.
Under the theme “Cohesive and Responsive”, Member States will also focus on how best to enhance unity, cooperation and solidarity towards regional economic integration.
Prior to the Leaders’ Summit, the Economic Ministers will convene at the ASEAN Economic Community (AEC) Council Meeting and discuss tangible solutions and the way forward to support the recovery of the regional economy by keeping markets open for trade and investment. In this regard, the proposed ASEAN Comprehensive Recovery Framework (ACRF)
and its implementation plan, will be submitted for the ASEAN Leaders’ endorsement at the Summit. According to Dato’ Seri Azmin Ali, “Our expectation is for the ACRF to be implemented so as to provide sustainable solutions to economic recovery made all the more imperative because of COVID-19.”
The meetings will also feature customary Summits with ASEAN Dialogue Partners, namely the 23rd ASEAN-China Summit, the 23rd ASEAN-Japan Summit, the 21st ASEAN-ROK Summit, the 8th ASEAN-US Summit, the ASEAN- New Zealand Leaders’ Summit, the 2nd ASEAN- Australia Leaders’ Summit, the 23rd ASEAN Plus Three Summit, the 15th East Asia Summit, the 11th ASEAN-UN Summit, and the 17th ASEAN India Summit. These Summits with Dialogue Partners are expected to advance further cooperation in multiple areas, with emphasis on stretching trade relations especially amidst the COVID-19 pandemic.
The 2020 ASEAN Business Investment Summit (BIS) is also scheduled to take place in conjunction with the 37th ASEAN Summit, with the theme “Digital ASEAN: Sustainable and Inclusive.” The 2020 ASEAN BIS is expected to host not only the ASEAN Leaders and Dialogue Partners, but also ASEAN and global CEOs, prominent decision makers, think tanks as well as thought leaders. The 2020 ASEAN BIS will culminate with the ASEAN Business Award event which will honour excellent businesses across the region, in particular, enterprises that have shown the spirit to overcome challenges in these trying times.
MINISTRY OF INTERNATIONAL TRADE & INDUSTRY 8 NOVEMBER 2020
MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala Lumpur
Mala ysia Sta tistics
The Industrial Production Index (IPI) increased 1.0 per cent in September 2020 as compared to the same month of the previous year. The increment of IPI in September 2020 was driven by the positive growth of 4.3 per cent in Manufacturing index. Meanwhile the Mining and Electricity index recorded the decrease of 9.6 per cent and 2.1 per cent respectively.
SEPTEMBER 2020
Source: Department of Statistics, Malaysia Note:
Percentage refers to the change in Month-on-Month (MoM) and Year-on-Year (YoY)
Mala ysia Sta tistics
Note:
Percentage refers to the change in Month-on-Month (MoM) and Year-on-Year (YoY)
MONTHLY MANUFACTURING STATISTICS, MALAYSIA SEPTEMBER 2020
• Malaysia’s Manufacturing sales in September 2020 stood at RM121.2 billion, grew 3.7 per cent as compared to RM116.8 billion reported a year ago . The year-on-year increase in September 2020 was driven by Transport Equipment & Other Manufactures Products (14.3%), Food, Beverages & Tobacco Products (14.2%) and Electrical &
Electronics Products (7.2%).
• Total employees engaged in the Manufacturing sector in September 2020 was 2,197,970 persons, a decrease of 2.3 per cent as compared to 2,248,761 persons in September 2019.
• Salaries & wages paid amounted to RM7,217.0 million, contracted by 1.7 per cent or RM124.3 million in September 2020 as against the same month of the preceding year. Meanwhile, salaries & wages paid in September 2020 increased by 1.5 per cent (RM104.4 million) as compared to August 2020.
MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala Lumpur
Mala ysia Sta tistics
Source: Department of Statistics, Malaysia
THIRD QUARTER OF 2020
Principal Statistics of Labour Force, Malaysia, Third Quarter (Q3) 2019, Second Quarter (Q2) 2020 & Third Quarter (Q3) 2020
Labour force increased 1.1 per cent to 15.84 million persons while employed persons decreased by 0.4 per cent to 15.10 million persons as compared to the third quarter of 2019.
Quarter-on-quarter, labour force and employed persons inclined 1.1 per cent and 1.4 per cent respectively as against previous quarter.
Labour force participation rate (LFPR) in the third quarter of 2020 rose 0.3 percentage points to 68.4 per cent from 68.1 per cent in second quarter of 2020. The employment-to- population ratio increased by 0.6 per cent to 65.2 per cent as compared to second quarter 2020. Meanwhile during this quarter outside labour force stood at 31.6 per cent.
The unemployment rate dropped 0.4 percentage points quarter-on-quarter to 4.7 per cent as the number of unemployed persons reduced by 46.8 thousand to record 745.0 thousand persons.
Notes:
Working age population : All persons aged between 15 to 64 years who are either in the labour force or outside the labour force.
Labour force: All persons in the working age who are either employed or unemployed.
Employed; All persons who,at any time during the reference week worked at least one hour for pay, profit or family gain either as employers, employees, own ccount workers or unpaid family workers.
Unemployed: All persons who did not work during the reference week and are classified into two groups that are actively unemployed and inactively unemployed.
Outside labour force : All persons not classified as employed or unemployed are classified as outside labour force.
This category consists of housewives, students (including those going for further studies), retirees, disabled person and those not interested in looking for jobs.
Mala ysia Sta tistics
Source: Department of Statistics, Malaysia
MAIN INDICATOR BY SEx, MALAYSIA, THIRD QUARTER (Q3) 2019 SECOND QUARTER (Q2) 2020 & THIRD QUARTER (Q3) 2020
In this quarter, the employment to population ratio for male increased 0.3 percentage points to 76.7 per cent while for female rose 0.8 percentage points to 52.7 per cent as compared to the second quarter of 2020.
EMPLOYED PERSONS BY SkILL LEvEL,MALAYSIA,
SECOND QUARTER (Q2) 2020 & THIRD QUARTER (Q3) 2020
The semi-skilled workers dominated the labour market by 58.5 per cent followed by skilled workers (29.1%) and low-skilled workers (12.4%) in the third quarter of 2020.
The number of skilled workers increased by 13.0 thousand persons to 4.39 million persons as compared to 4.26 million persons in the second quarter of 2020.
Meanwhile, the composition of low-skilled workers also increased from 12.3 per cent in second quarter of 2020 to 12.4 per cent in third quarter of 2020.
MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala Lumpur
Mala ysia Sta tistics
SERVICES PRODUCER PRICE INDEX THIRD QUARTER OF 2020
The Services Producer Price Index (SPPI) for the third quarter of 2020 increased 0.6 per cent to 110.3 as compared to 109.6 in the same quarter of the preceding year.
The main sub-sectors that contributed to the increase were Transportation (1.7%), Real Estate Activities (1.7%), Accommodation and Food & Beverage Service Activities (1.5%), Health (1.3%) and Education (0.8%).
However, the index for Arts, Entertainment & Recreation and Information &
Communication decreased by 1.4 per cent and 0.1 per cent respectively. Index for Professional remained unchanged.
Source: Department of Statistics, Malaysia Note:
YoY : Year-on-Year QoQ: Quarter on Quarter
world largest exporters of wire of refined copper, with a maximum cross-sectional dimension
of <= 6 mm
Sources: https://www.trademap.org/index.aspx Notes:
-HS740819 -% refer to share in world exports
In 2019, Malaysia’s export of Wire of refi ned copper, with a maximum cross-sectional dimension of <= 6 mm recorded US$ 514.31 Million which was 14.3% share of the world exports
top five malaysia export destinations
INDIA | US$ 373.67m
2
3
4
5
SINGAPORE | US$ 73.98m VIET NAM | US$ 13.60m
CHINESE TAIPEI | US$ 12.62m
PHILIPPINES | US$ 11.86m
MALAYSIA US$ 514.31m
14.3%
1 1
TURKEY US$ 356.00m
9.9%
2
2 US$ 340.95m GERMANY 9.5%
3 3
THAILAND US$ 340.44m
9.5%
4
4 US$ 321.97m R.O.KOREA 6.2 %
5 5
1
MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala Lumpur
1
MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
Number and FOB Value of PCO as at 01 November 2020 Weekly / Monthly/ Annually
0 10,000 20,000 30,000 40,000 50,000 60,000 70,000
30 31 32 33 34 35 36 37 38 39 40 41 42 43 44
2020 Total No of CO
TOTAL BILATERAL TOTAL REGIONAL
0.0 2,000.0 4,000.0 6,000.0 8,000.0 10,000.0 12,000.0 14,000.0 16,000.0 18,000.0
30 31 32 33 34 35 36 37 38 39 40 41 42 43 44
RM mil.
2020 Total FOB (RM mil)
TOTAL BILATERAL TOTAL REGIONAL
0 100,000 200,000 300,000 400,000 500,000 600,000 700,000 800,000 900,000 1,000,000
2012 2013 2014 2015 2016 2017 2018 2019 2020
(Jan-Sep) Total No of CO
TOTAL BILATERAL TOTAL REGIONAL
0.0 50,000.0 100,000.0 150,000.0 200,000.0 250,000.0 300,000.0 350,000.0 400,000.0
Jan Feb Mar Apr May June Jul Aug Sep
RM mil.
2020 Total FOB (RM mil)
TOTAL BILATERAL TOTAL REGIONAL 0
10,000 20,000 30,000 40,000 50,000 60,000
Jan Feb Mar Apr May June Jul Aug Sep
2020 Total No of CO
TOTAL BILATERAL TOTAL REGIONAL
0.0 100,000.0 200,000.0 300,000.0 400,000.0 500,000.0 600,000.0
2012 2013 2014 2015 2016 2017 2018 2019 2020
(Jan-Sep)
RM mil.
Total FOB (RM mil)
TOTAL BILATERAL TOTAL REGIONAL
Weekly
Annually Monthly
Note: *Provisional Data Source: Ministry of International Trade and Industry, Malaysia
Sale s V alu e
Regional FTA
Number and Value of Preferential Certificates of Origin (PCOs)
-100 0 100 200 300 400 500 600 700 800 900
0 10 20 30 40 50 60 70 80
16 Aug 23 Aug 30 Aug 6 Sep 13 Sep 20 Sep 27 Sep 4 Oct 11 Oct 18 Oct 25 Oct 1 Nov No. of Certificate of Origin
RM mil.
Generalised System of Preferences (GSP)
Total FOB (RM mil.) Total CO
Note: The preference giving countries under the GSP scheme are Liechtenstein, the Russian Federation, Japan, Switzerland, Belarus, Kazakhstan and Norway.
0 5,000 10,000 15,000 20,000 25,000 30,000 35,000
0 2,000 4,000 6,000 8,000 10,000 12,000 14,000
16 Aug 23 Aug 30 Aug 6 Sep 13 Sep 20 Sep 27 Sep 4 Oct 11 Oct 18 Oct 25 Oct 1 Nov No. of Certificate of Origin
RM mil.
ASEAN Trade in Goods Agreement (ATIGA)
Total FOB (RM mil.) Total CO
0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000
0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500
16 Aug 23 Aug 30 Aug 6 Sep 13 Sep 20 Sep 27 Sep 4 Oct 11 Oct 18 Oct 25 Oct 1 Nov No. of Certificate of Origin
RM mil.
ASEAN-China Free Trade Agreement (ACFTA)
Total FOB (RM mil.) Total CO
0 500 1,000 1,500 2,000 2,500 3,000 3,500
0 200 400 600 800 1,000 1,200
16 Aug 23 Aug 30 Aug 6 Sep 13 Sep 20 Sep 27 Sep 4 Oct 11 Oct 18 Oct 25 Oct 1 Nov No. of Certificate of Origin
RM mil.
ASEAN-Korea Free Trade Agreement (AKFTA)
Total FOB (RM mil.) Total CO
0 200 400 600 800 1,000 1,200
0 100 200 300 400 500 600
16 Aug 23 Aug 30 Aug 6 Sep 13 Sep 20 Sep 27 Sep 4 Oct 11 Oct 18 Oct 25 Oct 1 Nov No. of Certificate of Origin
RM mil.
ASEAN-Japan Comprehensive Economic Partnership (AJCEP)
Total FOB (RM mil.) Total CO
0 500 1,000 1,500 2,000 2,500
0 100 200 300 400 500 600 700
16 Aug 23 Aug 30 Aug 6 Sep 13 Sep 20 Sep 27 Sep 4 Oct 11 Oct 18 Oct 25 Oct 1 Nov No. of Certificate of Origin
RM mil.
ASEAN-India Free Trade Agreement (AIFTA)
Total FOB (RM mil.) Total CO
0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000
0 1,000 2,000 3,000 4,000 5,000 6,000
16 Aug 23 Aug 30 Aug 6 Sep 13 Sep 20 Sep 27 Sep 4 Oct 11 Oct 18 Oct 25 Oct 1 Nov No. of Certificate of Origin
RM mil.
ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA)
Total FOB (RM mil.) Total CO
0 1 2 3 4 5 6 7
0 0 0 0 0 1 1 1 1
16 Aug 23 Aug 30 Aug 6 Sep 13 Sep 20 Sep 27 Sep 4 Oct 11 Oct 18 Oct 25 Oct 1 Nov No. of Certificate of Origin
RM mil.
ASEAN-Hong Kong, China Free Trade Agreement (AHKFTA)
Total FOB (RM mil.) Total CO
Note: *Provisional Data Source: Ministry of International Trade and Industry, Malaysia
MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala Lumpur
3
MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
Number and Value of Preferential Certificates of Origin (PCOs)
Note: *Provisional Data Source: Ministry of International Trade and Industry, Malaysia
0 1,000 2,000 3,000 4,000 5,000 6,000 7,000
0 200 400 600 800 1,000 1,200
16 Aug 23 Aug 30 Aug 6 Sep 13 Sep 20 Sep 27 Sep 4 Oct 11 Oct 18 Oct 25 Oct 1 Nov No. of Certificate of Origin
RM mil.
Malaysia-Japan Economic Partnership Agreement (MJEPA)
Total FOB (RM mil.) Total CO
0 200 400 600 800 1,000 1,200
0 50 100 150 200 250 300 350 400
16 Aug 23 Aug 30 Aug 6 Sep 13 Sep 20 Sep 27 Sep 4 Oct 11 Oct 18 Oct 25 Oct 1 Nov No. of Certificate of Origin
RM mil.
Malaysia-Pakistan Closer Economic Partnership Agreement (MPCEPA)
Total FOB (RM mil.) Total CO
0 2 4 6 8 10 12
0.00 0.10 0.20 0.30 0.40 0.50 0.60 0.70
16 Aug 23 Aug 30 Aug 6 Sep 13 Sep 20 Sep 27 Sep 4 Oct 11 Oct 18 Oct 25 Oct 1 Nov No. of Certificate of Origin
RM mil.
Malaysia-New Zealand Free Trade Agreement (MNZFTA)
Total FOB (RM mil.) Total CO
0 50 100 150 200 250
0 5 10 15 20 25 30 35 40 45
16 Aug 23 Aug 30 Aug 6 Sep 13 Sep 20 Sep 27 Sep 4 Oct 11 Oct 18 Oct 25 Oct 1 Nov No. of Certificate of Origin
RM mil.
Malaysia-Chile Free Trade Agreement (MCFTA)
Total FOB (RM mil.) Total CO
0 200 400 600 800 1,000 1,200 1,400 1,600
0 50 100 150 200 250 300 350 400
16 Aug 23 Aug 30 Aug 6 Sep 13 Sep 20 Sep 27 Sep 4 Oct 11 Oct 18 Oct 25 Oct 1 Nov No. of Certificate of Origin
RM mil.
Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA)
Total FOB (RM mil.) Total CO
0 200 400 600 800 1,000 1,200 1,400
0 50 100 150 200 250
16 Aug 23 Aug 30 Aug 6 Sep 13 Sep 20 Sep 27 Sep 4 Oct 11 Oct 18 Oct 25 Oct 1 Nov No. of Certificate of Origin
RM mil.
Malaysia-Australia Free Trade Agreement (MAFTA)
Total FOB (RM mil.) Total CO
0 200 400 600 800 1,000 1,200
0 200 400 600 800 1,000 1,200
16 Aug 23 Aug 30 Aug 6 Sep 13 Sep 20 Sep 27 Sep 4 Oct 11 Oct 18 Oct 25 Oct 1 Nov No. of Certificate of Origin
RM mil.
Malaysia-Turkey Free Trade Agreement (MTFTA)
Total FOB (RM mil.) Total CO
Malaysian Ringgit Exchange Rate with Selected Countries, January 2019 - October 2020
Source : Bank Negara Malaysia
US Dollar
Euro
South Korean Won
Pound Sterling
Australian Dollar
Brunei Dollar
4.1161
4.0746
4.3553
4.1507
4.06 4.11 4.16 4.21 4.26 4.31 4.36 4.41
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
2019 2020
RM
USD 1 = RM
4.7037
4.5321
4.9537
4.8876
4.50 4.55 4.60 4.65 4.70 4.75 4.80 4.85 4.90 4.95 5.00
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct
2019 2020
RM
EUR 1 = RM
0.3670
0.3461
0.3627
0.34 0.34 0.35 0.35 0.36 0.36 0.37 0.37
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct
2019 2020
RM
KRW 100 = RM
5.3068
5.0895
5.4980
5.3884
5.00 5.10 5.20 5.30 5.40 5.50 5.60
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct
2019 2020
RM
GBP 1 = RM
2.9415
2.6729
3.0110 2.9619
2.50 2.60 2.70 2.80 2.90 3.00 3.10
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct
2019 2020
RM
AUD 1 = RM
3.0350
2.9959
3.0671 3.0548
2.95 2.97 2.99 3.01 3.03 3.05 3.07 3.09
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct
2019 2020
RM
BND 1 = RM
MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala Lumpur
5
MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
Commodity Prices
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Iron and Steel Industry Federation, and Bloomberg.
Notes: All figures have been rounded to the nearest decimal point * Refer to % change from the previous week’s price i Average price in the year except otherwise indicated
3.4 %*
US$300.0 (low)
%*
US$320.0 (high)
6 Nov 2020
9.4%*
US$50.8
1.3%*
US$1,424.1 RUBBER SMR 20 -per MT-
7.6%*
US$1,551.5
COCOA SMC 2 -per MT-
COAL -per MT-
SUGAR -per lbs-
3.8%*
US$14.9
SCRAP IRON HMS -per MT-
Average Price 2019 i : US$1,414.6 Average Price 2019 i : US$1,592.4 Average Price 2019 i : US¢12.4
Average Price 2019 i : US$316.9 (high) Average Price 2019 i : US$291.6(low) Average Price 2019 i : US$56.5
Domestic Prices
6 Nov 2020
Steel Bars (per MT)
RM2,080 – RM2,180 Billets
(per MT) RM1,900- RM1,950
6 Nov 2020 6 Nov 2020 6 Nov 2020
6 Nov 2020
5.3%*
US$39.5
CRUDE PETROLEUM (BRENT) -per bbl-
6 Nov 2020
CRUDE PALM OIL -per MT-
5.7%*
US$826.5
6 Nov 2020
17 May 2019 : US$72.2
Highest
2019/2020 03 Jan 2020 : US$68.6
24 Apr 2020 : US$21.4 09 Aug 2019 : US$54.5
Lowest 2019/2020
27 Dec 2019 : US$794.5
Highest
2019/2020 6 Nov 2020 : US$826.5
8 May 2020 : US$473.0 26 Jul 2019 : US$488.5
Lowest 2019/2020 Average Price 2019 i : US$64.2 Average Price 2019 i : US$557.1
Commodity Price Trends
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Pepper Board, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.
1,484.3 1,491.2 1,621.5
1,569.8
1,629.31,637.3
1,520.2 1,488.8
1,444.2 1,507.3
1,443.3 1,424.1
1,200 1,250 1,300 1,350 1,400 1,450 1,500 1,550 1,600 1,650 1,700
21 Aug 28 Aug 4 Sep 11 Sep 18 Sep 25 Sep 2 Oct 9 Oct 16 Oct 23 Oct 30 Oct 6 Nov 2020
US$/mt
Cocoa
1,320.5
1,356.0 1,357.5 1,341.5
1,374.0 1,406.0
1,367.0 1,425.5
1,515.5 1,645.0
1,678.5
1,551.5
1,290 1,340 1,390 1,440 1,490 1,540 1,590 1,640 1,690 1,740
21 Aug 28 Aug 4 Sep 11 Sep 18 Sep 25 Sep 2 Oct 9 Oct 16 Oct 23 Oct 30 Oct 6 Nov 2020
US$/mt
Rubber SMR 20
42.3 43.0
39.8
37.3 41.1
40.3
37.1
40.6 40.9 39.9
35.8 37.1 44.4
45.1
42.7
39.8 43.2
41.9
39.3
42.9 42.9
41.8
37.5 39.5
34 36 38 40 42 44 46 48
21 Aug 28 Aug 4 Sep 11 Sep 18 Sep 25 Sep 2 Oct 9 Oct 16 Oct 23 Oct 30 Oct 6 Nov 2020
US$/bbl
Crude Petroleum
Crude Petroleum (WTI)/bbl Crude Petroleum (Brent)/bbl
12.8 12.6
11.9 12.6
13.4 13.5 13.6 14.2 14.4
14.7 14.4
14.9
11.0 11.5 12.0 12.5 13.0 13.5 14.0 14.5 15.0 15.5
21 Aug 28 Aug 4 Sep 11 Sep 18 Sep 25 Sep 2 Oct 9 Oct 16 Oct 23 Oct 30 Oct 6 Nov 2020
US¢/lbs
Sugar
666.9 676.6 703.2
691.7 739.8
690.8 682.9
724.3 722.2 735.4
781.8 826.5
600 650 700 750 800 850
21 Aug 28 Aug 4 Sep 11 Sep 18 Sep 25 Sep 2 Oct 9 Oct 16 Oct 23 Oct 30 Oct 6 Nov 2020
US$/mt
Crude Palm Oil
2,384 2,399 2,4002,416 2,4102,427 2,404
2,356
2,258
2,175
2,127 2,122 2,129
2,050.0 2,100.0 2,150.0 2,200.0 2,250.0 2,300.0 2,350.0 2,400.0 2,450.0
14 Aug 21 Aug 28 Aug 4 Sep 11 Sep 18 Sep 25 Sep 2 Oct 9 Oct 16 Oct 23 Oct 30 Oct 6 Nov 2020
US$/mt
Pepper
MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala Lumpur
Tel:+603-8000 8000 Fax: +603-6202 9446
7
MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
26.7 27.6
26.7 26.927.1
23.1 24.0
25.1 24.4 24.7
23.6 25.7
18.0 20.0 22.0 24.0 26.0 28.0 30.0
21 Aug 28 Aug 4 Sep 11 Sep 18 Sep 25 Sep 2 Oct 9 Oct 16 Oct 23 Oct 30 Oct 6 Nov 2020
US$/oz
Silver
61.9 62.9
61.9 62.6 62.7
59.8 61.2
61.8 61.3 61.2
60.5 62.4
56.0 57.0 58.0 59.0 60.0 61.0 62.0 63.0 64.0
21 Aug 28 Aug 4 Sep 11 Sep 18 Sep 25 Sep 2 Oct 9 Oct 16 Oct 23 Oct 30 Oct 6 Nov 2020
US$/g
Gold
Sources: Ministry of International Trade and Industry Malaysia, , Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.
2,052 2,026 2,030 1,939 1,920 1,854 1,863 1,871
1,845 1,781 1,756 1,797 1,741 1,754 1,726 1,775 1,771 1,773 1,688 1,611 1,460 1,466 1,569 1,644 1,737 1,744 1,806
1,300 1,400 1,500 1,600 1,700 1,800 1,900 2,000 2,100
Aug Sep Oct Nov Dec
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Jan Feb Mar Apr May Jun Jul Aug Sep Oct
2018 2019 2020
US$/ tonne
Aluminium
6,051 6,051 6,220 6,196 6,075 5,939 6,300 6,439 6,438 6,018 5,882 5,941 5,709 5,759 5,757 5,860 6,077 6,031 5,688 5,183 5,058 5,240 5,755 6,372 6,499 6,705 6,714
4,000 4,500 5,000 5,500 6,000 6,500 7,000
Aug Sep Oct
Nov Dec
Jan Feb Mar Apr May Jun Jul Aug Sep Oct
Nov Dec
Jan Feb Mar Apr May Jun Jul Aug Sep Oct
2018 2019 2020
US$/ tonne
Copper
13,411 12,510 12,315 11,240 10,835 11,523 12,685 13,026 12,773 12,016 11,944 13,546 15,749 17,657 17,046 15,172 13,829 13,507 12,716 11,846 11,804 12,180 12,
727 13,
402 14,538 14,857 15,239
7,000 9,000 11,000 13,000 15,000 17,000 19,000
Aug Sep Oct
Nov Dec
Jan Feb Mar Apr May Jun Jul Aug Sep Oct
Nov Dec
Jan Feb Mar Apr May Jun Jul Aug Sep Oct
2018 2019 2020
US$/ tonne
Nickel
Commodity Price Trends
67.15 68.44 73.41 73.26 69.15 76.16 88.22 86.47 93.70 100.15 108.94120.24 93.07 93.08 88.53 84.98 92.
65 95.
76 87.68 88.99 84.73 93.65 103.30 108.52 121.07 123.75 119.78
50.0 60.0 70.0 80.0 90.0 100.0 110.0 120.0 130.0
Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct
2018 2019 2020
US$/dmtu
Iron Ore
926.1 940.0
898.2 939.6938.5
842.0 891.4 894.3
869.3 906.7
848.4 899.4
800.0 820.0 840.0 860.0 880.0 900.0 920.0 940.0 960.0 980.0 1,000.0
21 Aug 28 Aug 4 Sep 11 Sep 18 Sep 25 Sep 2 Oct 9 Oct 16 Oct 23 Oct 30 Oct 6 Nov 2020
US$/oz
Platinum
310.0 310.0 310.0 310.0 310.0 320.0 320.0
310.0 310.0 310.0 320.0 320.0
290.0 290.0 290.0 290.0 290.0 300.0 300.0
285.0 285.0 285.0 290.0 300.0
230 240 250 260 270 280 290 300 310 320 330
21 Aug 28 Aug 4 Sep 11 Sep 18 Sep 25 Sep 2 Oct 9 Oct 16 Oct 23 Oct 30 Oct 6 Nov 2020
US$/mt
Scrap Iron Scrap Iron/MT (High) Scrap Iron/MT(Low)
48.7 49.0
51.4 51.7 52.0 52.4
56.4 57.6 57.0 56.7
56.1
50.8
47 49 51 53 55 57 59
21 Aug 28 Aug 4 Sep 11 Sep 18 Sep 25 Sep 2 Oct 9 Oct 16 Oct 23 Oct 30 Oct 6 Nov 2020
US$/t
Coal
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https://www.miti.gov.my/index.php/pages/view/industry4WRD?mid=559#tab_547_2202
ALL Y OU NEED T O KNO W ...
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ALL Y OU NEED T O KNO W ...
Announcements We are doing things differently in today's world. MITI, through our agency, MATRADE HQ, is organising a virtual exhibition, the first-of-its-kind in Malaysia, called #MyAPEC2020 Exhibition, in conjunction with Malaysia hosting the @APEC 2020. The virtual exhibition, scheduled for Sept 1 to Dec 31, will showcase products and services from Malaysia and other APEC - Asia-Pacific Economic Cooperation member economies. The virtual exhibition is a great platform for APEC economies to expand their outreach and can be accessed through myapec2020.matrade.gov.my or the APEC portal and Matrade website.
MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala Lumpur
Announcements
Announcements
MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala Lumpur
Announcements
For more information, kindly click the following links:
https://www.myapec2020.my/en/
For more information, please contact :
Bagi sebarang pertanyaan berkaitan MITI seperti operasi sektor ekonomi atau amalan BDR/WFH sila hubungi talian hotline MITI seperti di atas.
03-6200 0468 / 69 / 57 allaki@miti.gov.my
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MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala Lumpur
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Our Heartfelt Condolences...
HAPPY DEEPAvALI
FROM ALL OF US AT MITI & AGENCIES