malaysia looking forward to welcoming china in …

23
MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala Lumpur Tel:+603-8000 8000 Fax: +603-6202 9446 MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY Weekly Weekly BULLETIN BULLETIN VOLUME 656 VOLUME 656 21 September 2021 | NO. ISSN :2180-0448 21 September 2021 | NO. ISSN :2180-0448 Media Release MALAYSIA LOOKING FORWARD TO WELCOMING CHINA IN MALAYSIA LOOKING FORWARD TO WELCOMING CHINA IN CPTPP AS EARLY AS NEXT YEAR CPTPP AS EARLY AS NEXT YEAR As one of the pioneer members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Malaysia is looking forward to welcoming economic powerhouse China into the fold, anticipated to be as early as next year. "The Ministry of International Trade and Industry (MITI), Malaysia is particularly encouraged with the recent move by China to formally apply for accession into the CPTPP,” the Ministry responded to Bernama’s query on China’s decision. In February this year, the United Kingdom became the first country outside the Asia Pacific belt to formally request for accession into the CPTPP. Within a span of seven months, it is indeed interesting to see that CPTPP has received another accession request, demonstrating the significant value of this agreement and its attraction to countries within and beyond the Asia Pacific region. Widely regarded as the gold standard for regional trade agreements, CPTPP offers immense economic opportunities for both Malaysia and China. "With the ongoing domestic efforts setting Malaysia right on track towards ratification, and the possible commencement of China’s accession negotiations with the CPTPP membership next year, MITI is confident that bilateral trade and investment ties between Malaysia and China will grow to greater heights in the near future,” it said. The CPTPP is a trade agreement among Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. Malaysia is currently on track in ratifying the CPTPP, pending a detailed and clear mandate from the Cabinet, MITI had said recently. MITI senior director of strategic negotiations division Arividya Arimuthu said the current administration had made it clear that the government will continue with trade and business-friendly policies and is open to mutually beneficial free trade agreements (FTAs). "Our ambitious timeline is to get the Cabinet's directive on where we are heading with regard to the CPTPP by the end of this year, but otherwise, we are looking at the first quarter of 2022 (1Q22),” he said BERNAMA 19 SEPTEMBER 2021

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Page 1: MALAYSIA LOOKING FORWARD TO WELCOMING CHINA IN …

MITI WEEKLY BULLETTIN1

MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala LumpurTel:+603-8000 8000 Fax: +603-6202 9446

MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY

WeeklyWeekly BULLETINBULLETINVOLUME 656VOLUME 656

21 September 2021 | NO. ISSN :2180-044821 September 2021 | NO. ISSN :2180-0448

Me

dia

Re

lea

se

MALAYSIA LOOKING FORWARD TO WELCOMING CHINA IN MALAYSIA LOOKING FORWARD TO WELCOMING CHINA IN CPTPP AS EARLY AS NEXT YEARCPTPP AS EARLY AS NEXT YEAR

As one of the pioneer members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Malaysia is looking forward to welcoming economic powerhouse China into the fold, anticipated to be as early as next year.

"The Ministry of International Trade and Industry (MITI), Malaysia is particularly encouraged with the recent move by China to formally apply for accession into the CPTPP,” the Ministry responded to Bernama’s query on China’s decision.

In February this year, the United Kingdom became the first country outside the Asia Pacific belt to formally request for accession into the CPTPP.

Within a span of seven months, it is indeed interesting to see that CPTPP has received another accession request, demonstrating the significant value of this agreement and its attraction to countries within and beyond the Asia Pacific region.

Widely regarded as the gold standard for regional trade agreements, CPTPP offers immense economic opportunities for both Malaysia and China.

"With the ongoing domestic efforts setting Malaysia right on track towards ratification, and the possible commencement of China’s accession negotiations with the CPTPP membership next year, MITI is confident that bilateral trade and investment ties between Malaysia and China will grow to greater heights in the near future,” it said.

The CPTPP is a trade agreement among Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.

Malaysia is currently on track in ratifying the CPTPP, pending a detailed and clear mandate from the Cabinet, MITI had said recently.

MITI senior director of strategic negotiations division Arividya Arimuthu said the current administration had made it clear that the government will continue with trade and business-friendly policies and is open to mutually beneficial free trade agreements (FTAs).

"Our ambitious timeline is to get the Cabinet's directive on where we are heading with regard to the CPTPP by the end of this year, but otherwise, we are looking at the first quarter of 2022 (1Q22),” he said

BERNAMA19 SEPTEMBER 2021

Page 2: MALAYSIA LOOKING FORWARD TO WELCOMING CHINA IN …

MITI WEEKLY BULLETTIN2

MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala LumpurTel:+603-8000 8000 Fax: +603-6202 9446

Ma

lays

ia S

tati

stic

sFOREIGN AFFILIATES IN MALAYSIA, 2020FOREIGN AFFILIATES IN MALAYSIA, 2020

Page 3: MALAYSIA LOOKING FORWARD TO WELCOMING CHINA IN …

MITI WEEKLY BULLETTIN3

MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala LumpurTel:+603-8000 8000 Fax: +603-6202 9446

Ma

lays

ia S

tati

stic

sMALAYSIA AFFILIATES ABROAD, 2019MALAYSIA AFFILIATES ABROAD, 2019

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MITI WEEKLY BULLETTIN4

MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala LumpurTel:+603-8000 8000 Fax: +603-6202 9446

Ma

lays

ia S

tati

stic

sRUBBER STATISTICS, JULY 2021RUBBER STATISTICS, JULY 2021

Page 5: MALAYSIA LOOKING FORWARD TO WELCOMING CHINA IN …

MITI WEEKLY BULLETTIN5

MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala LumpurTel:+603-8000 8000 Fax: +603-6202 9446

Source: https://www.trademap.org/index.aspx

Inte

rnat

ion

al M

erc

ha

nd

ise

Tra

de

In 2020, Malaysia’s export of World largest exporter of Glass fibre threads “chopped strands”, cut into lengths <= 50 mm recorded US$ 306.3 million which was 27.8% share

of the world exports.

WORLD LARGEST EXPORTERS OF GLASS FIBRE THREADS “CHOPPED STRANDS”, CUT INTO LENGTHS <= 50 MM

MALAYSIA’S TOP EXPORT DESTINATIONSMALAYSIA’S TOP EXPORT DESTINATIONS

MALAYSIAUS$ 306.3m

27.8%

BELGIUMUS$ 191.3m

17.4%

P.R.CHINAUS$ 121.9m

11.1%

NETHERLANDSUS$ 106.7m

9.7%

FRANCEUS$ 95.7m

8.7%

Notes: -*HS701911 -% refer to share in world exports

USAUS$ 40.68m

JapanUS$ 35.27m

P.R.ChinaUS$ 38.32m

GermanyUS$ 33.27m

R.O.KoreaUS$ 27.99m

12

3

4

5

Page 6: MALAYSIA LOOKING FORWARD TO WELCOMING CHINA IN …

MITI WEEKLY BULLETTIN6

MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala LumpurTel:+603-8000 8000 Fax: +603-6202 9446

Inte

rnat

ion

al R

ep

ort

Source: Trade & Development Report 2021, UNCTAD

GLOBAL ECONOMY IMPACTGLOBAL ECONOMY IMPACTWorld Output Level, 2016 - 2022World Output Level, 2016 - 2022

Economic Impact of GFC* 2009 - 2010 vs Covid-19, 2020 -2021Economic Impact of GFC* 2009 - 2010 vs Covid-19, 2020 -2021

*GFC : Global FInancial Crisis

Page 7: MALAYSIA LOOKING FORWARD TO WELCOMING CHINA IN …

MITI WEEKLY BULLETTIN7

MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala LumpurTel:+603-8000 8000 Fax: +603-6202 9446

Number and FOB Value of PCO as at 12 September 2021Weekly / Monthly/ Annually

0

2,000

4,000

6,000

8,000

10,000

12,000

27 Jun 4 Jul 11 Jul 18 Jul 25 Jul 1 Aug 8 Aug 15 Aug 22 Aug 29 Aug 5 Sep 12 Sep

2021

No. o

f Cer

tifica

te o

f Orig

in

Total CO by Scheme

AANZFTA AIFTA AJCEP ATIGA ACFTA AKFTA MICECA MNZFTA

MCFTA MAFTA MJEPA MPCEPA GSP MTFTA AHKFTA

0

2,000

4,000

6,000

8,000

10,000

12,000

26 27 28 29 30 31 32 33 34 35 36 37

2021

Total No of CO

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

Total No of CO

TOTAL BILATERAL TOTAL REGIONAL

0

10,000

20,000

30,000

40,000

50,000

60,000

Jan

Feb

Ma

r

Ap

r

Ma

y

Jun

Jul

Au

g

Sep

Oct

No

v

De

c

Jan

Feb

Ma

r

Ap

r

Ma

y

Jun

Jul

Au

g

2020 2021

Total No of CO

TOTAL BILATERAL TOTAL REGIONAL

Weekly

AnnuallyMonthly

Note: *Provisional DataSource: Ministry of International Trade and Industry, Malaysia

Weekly TotalScheme

Page 8: MALAYSIA LOOKING FORWARD TO WELCOMING CHINA IN …

MITI WEEKLY BULLETTIN8

MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala LumpurTel:+603-8000 8000 Fax: +603-6202 9446

Regional FTANumber of Preferential Certificates of Origin (PCOs) as at 12 September 2021

0

5

10

15

20

25

30

35

40

45

50

27 Ju

n

4 Jul

11 Ju

l

18 Ju

l

25 Ju

l

1 Aug

8 Aug

15 A

ug

22 A

ug

29 A

ug

5 Sep

12 Se

p

2021

No. o

f Cer

tifica

te o

f Orig

in

Generalised System of Preferences (GSP)

Note: The preference giving countries under the GSP scheme are Liechtenstein, the Russian Federation, Japan, Switzerland, Belarus, Kazakhstan, Norway and Cambodia

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

27 Ju

n

4 Ju

l

11 Ju

l

18 Ju

l

25 Ju

l

1 Au

g

8 Au

g

15 A

ug

22 A

ug

29 A

ug

5 Se

p

12 Se

p2021

No. o

f Cer

tifica

te o

f Orig

in

ASEAN Trade in Goods Agreement (ATIGA)

0

500

1,000

1,500

2,000

2,500

27 Ju

n

4 Jul

11 Ju

l

18 Ju

l

25 Ju

l

1 Aug

8 Aug

15 A

ug

22 A

ug

29 A

ug

5 Sep

12 Se

p

2021

No. o

f Cer

tifica

te o

f Orig

in

ASEAN-China Free Trade Agreement (ACFTA)

0

100

200

300

400

500

600

700

800

27 Ju

n

4 Ju

l

11 Ju

l

18 Ju

l

25 Ju

l

1 Au

g

8 Au

g

15 A

ug

22 A

ug

29 A

ug

5 Se

p

12 Se

p

2021

No. o

f Cer

tifica

te o

f Orig

in

ASEAN-Korea Free Trade Agreement (AKFTA)

0

50

100

150

200

250

300

27 Ju

n

4 Jul

11 Ju

l

18 Ju

l

25 Ju

l

1 Aug

8 Aug

15 A

ug

22 A

ug

29 A

ug

5 Sep

12 Se

p

2021

No. o

f Cer

tifica

te o

f Orig

in

ASEAN-Japan Comprehensive Economic Partnership (AJCEP)

0

100

200

300

400

500

600

700

800

900

27 Ju

n

4 Ju

l

11 Ju

l

18 Ju

l

25 Ju

l

1 Au

g

8 Au

g

15 A

ug

22 A

ug

29 A

ug

5 Se

p

12 Se

p

2021

No. o

f Cer

tifica

te o

f Orig

in

ASEAN-India Free Trade Agreement (AIFTA)

0

100

200

300

400

500

600

700

800

900

1,000

27 Ju

n

4 Jul

11 Ju

l

18 Ju

l

25 Ju

l

1 Aug

8 Aug

15 A

ug

22 A

ug

29 A

ug

5 Sep

12 Se

p

2021

No. o

f Cer

tifica

te o

f Orig

in

ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA)

0

1

2

3

4

5

6

7

8

27 Ju

n

4 Ju

l

11 Ju

l

18 Ju

l

25 Ju

l

1 Au

g

8 Au

g

15 A

ug

22 A

ug

29 A

ug

5 Se

p

12 Se

p

2021

No. o

f Cer

tifica

te o

f Orig

in

ASEAN-Hong Kong, China Free Trade Agreement (AHKFTA)

Note: *Provisional DataSource: Ministry of International Trade and Industry, Malaysia

Page 9: MALAYSIA LOOKING FORWARD TO WELCOMING CHINA IN …

MITI WEEKLY BULLETTIN9

MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala LumpurTel:+603-8000 8000 Fax: +603-6202 9446

Bilateral FTANumber of Preferential Certificates of Origin (PCOs)as at 12 September 2021

Note: *Provisional DataSource: Ministry of International Trade and Industry, Malaysia

0

100

200

300

400

500

600

700

800

27 Ju

n

4 Jul

11 Ju

l

18 Ju

l

25 Ju

l

1 Aug

8 Aug

15 A

ug

22 A

ug

29 A

ug

5 Sep

12 Se

p

2021

No. o

f Cer

tifica

te o

f Orig

in

Malaysia-Japan Economic Partnership Agreement (MJEPA)

0

20

40

60

80

100

120

140

160

180

200

27 Ju

n

4 Ju

l

11 Ju

l

18 Ju

l

25 Ju

l

1 Au

g

8 Au

g

15 A

ug

22 A

ug

29 A

ug

5 Se

p

12 Se

p

2021

No. o

f Cer

tifica

te o

f Orig

in

Malaysia-Pakistan Closer Economic Partnership Agreement (MPCEPA)

0.00

0.50

1.00

1.50

2.00

2.50

3.00

3.50

4.00

4.50

27 Ju

n

4 Jul

11 Ju

l

18 Ju

l

25 Ju

l

1 Aug

8 Aug

15 A

ug

22 A

ug

29 A

ug

5 Sep

12 Se

p

2021

No. o

f Cer

tifica

te o

f Orig

in

Malaysia-New Zealand Free Trade Agreement (MNZFTA)

0

10

20

30

40

50

60

70

80

90

100

27 Ju

n

4 Ju

l

11 Ju

l

18 Ju

l

25 Ju

l

1 Au

g

8 Au

g

15 A

ug

22 A

ug

29 A

ug

5 Se

p

12 Se

p

2021

No. o

f Cer

tifica

te o

f Orig

in

Malaysia-Chile Free Trade Agreement (MCFTA)

0

50

100

150

200

250

300

27 Ju

n

4 Jul

11 Ju

l

18 Ju

l

25 Ju

l

1 Aug

8 Aug

15 A

ug

22 A

ug

29 A

ug

5 Sep

12 Se

p

2021

No. o

f Cer

tifica

te o

f Orig

in

Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA)

0

50

100

150

200

250

300

350

27 Ju

n

4 Ju

l

11 Ju

l

18 Ju

l

25 Ju

l

1 Au

g

8 Au

g

15 A

ug

22 A

ug

29 A

ug

5 Se

p

12 Se

p

2021

No. o

f Cer

tifica

te o

f Orig

in

Malaysia-Australia Free Trade Agreement (MAFTA)

0

50

100

150

200

250

300

350

27 Ju

n

4 Jul

11 Ju

l

18 Ju

l

25 Ju

l

1 Aug

8 Aug

15 A

ug

22 A

ug

29 A

ug

5 Sep

12 Se

p

2021

No. o

f Cer

tifica

te o

f Orig

in

Malaysia-Turkey Free Trade Agreement (MTFTA)

Page 10: MALAYSIA LOOKING FORWARD TO WELCOMING CHINA IN …

MITI WEEKLY BULLETTIN10

MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala LumpurTel:+603-8000 8000 Fax: +603-6202 9446

Malaysian Ringgit Exchange Rate with Selected Countries,January 2020 - Aug 2021

Source : Bank Negara Malaysia

US Dollar

Philippine Peso

Vietnamese Dong

Hong Kong Dollar

Indonesian Rupiah

Indian Rupee

4.0797

4.3553

4.0369

4.2253

4.01

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

2020 2021

RM

USD 1 = RM

8.0282

8.6299

8.4136

7.70

7.80

7.90

8.00

8.10

8.20

8.30

8.40

8.50

8.60

8.70

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug

2020 2021

RM

PHP 100 = RM

0.0176

0.0186

0.0175

0.0185

0.0174

0.0176

0.0178

0.0180

0.0182

0.0184

0.0186

0.0188

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug

2020 2021

RM

VND 100 = RM

52.4788

56.1859

52.0700

54.2834

51.50

52.00

52.50

53.00

53.50

54.00

54.50

55.00

55.50

56.00

56.50

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug

2020 2021

RM

HKD 100 = RM

0.0297

0.0276

0.0302

0.0294

0.027

0.028

0.028

0.029

0.029

0.030

0.030

0.031

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug

2020 2021

RM

IDR 100 = RM

5.7224

5.8234

5.5075

5.6936

5.40

5.45

5.50

5.55

5.60

5.65

5.70

5.75

5.80

5.85

5.90

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug

2020 2021

RM

INR 100 = RM

Page 11: MALAYSIA LOOKING FORWARD TO WELCOMING CHINA IN …

MITI WEEKLY BULLETTIN11

MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala LumpurTel:+603-8000 8000 Fax: +603-6202 9446

1.4%*US$168.5

1.4%*US$1,082.5

3.2%*US$1,662.0

SUGAR -per lbs-

1.8%*US$19.9

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

%*US$450.0

(low)

%*US$450.0

(high)17 Sep 2021

0.7%* US$1,636.7

RUBBER SMR 20 -per MT- COCOA SMC 2 -per MT-

COAL -per MT- SCRAP IRON HMS -per MT-

Average Price 2020 i : US$1,333.4 Average Price 2020 i : US$1,576.6 Average Price 2020 i : US¢12.9

Average Price 2020 i : US$307.9 (high)Average Price 2020 i : US$284.7 (low)Average Price 2020 i : US$47.7

Domestic Prices17 Sep 2021

Steel Bars(per MT)

RM3,100 – RM3,250

Billets(per MT)

RM2,700- RM2,900

17 Sep 2021 17 Sep 2021 17 Sep 2021

17 Sep 2021

3.3%*US$75.3

CRUDE PETROLEUM (BRENT) -per bbl-

17 Sep 2021

CRUDE PALM OIL -per MT-

17 Sep 2021

03 Jan 2020 : US$68.6

Highest2020/2021

30 Jul 2021 : US$76.3

15 Jan 2021 : US$55.124 Apr 2020 : US$21.4

Lowest2020/2021

24 Dec 2020 : US$944.2

Highest2020/2021

7 May 2021 : US$1,156.0

18 Jun 2021 : US$844.6 8 May 2020 : US$473.0

Lowest2020/2021

Average Price 2020 i : US$43.5 Average Price 2020i : US$668.3

Page 12: MALAYSIA LOOKING FORWARD TO WELCOMING CHINA IN …

MITI WEEKLY BULLETTIN12

MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala LumpurTel:+603-8000 8000 Fax: +603-6202 9446

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.

1,435.1 1,445.1 1,434.4

1,432.5

1,518.7 1,516.9

1,576.0

1,610.41,621.4

1,643.4 1,648.01,636.7

1,400

1,450

1,500

1,550

1,600

1,650

2 Jul 9 Jul 16 Jul 23 Jul 30 Jul 6 Aug 13 Aug 20 Aug 27 Aug 3 Sep 10 Sep 17 Sep

2021

US$/

mt

Cocoa

1,573.5

1,626.5

1,670.0

1,656.0

1,708.5

1,726.0

1,749.51,740.5

1,645.51,635.5

1,611.0

1,662.0

1,550

1,600

1,650

1,700

1,750

1,800

2 Jul 9 Jul 16 Jul 23 Jul 30 Jul 6 Aug 13 Aug 20 Aug 27 Aug 3 Sep 10 Sep 17 Sep

2021

US$

/mt

Rubber SMR 20

75.2 74.6

71.8 72.1

74.0

68.3 68.4

62.3

68.769.3 69.7

72.0

76.275.6

73.6 74.1

76.3

70.7 70.6

65.2

72.7 72.672.9

75.3

55.0

60.0

65.0

70.0

75.0

80.0

2 Jul 9 Jul 16 Jul 23 Jul 30 Jul 6 Aug 13 Aug 20 Aug 27 Aug 3 Sep 10 Sep 17 Sep

2021

US$/

bbl

Crude Petroleum

Crude Petroleum (WTI)/bbl Crude Petroleum (Brent)/bbl

18.2

17.3

17.7

18.2

17.9

18.7

20.0

19.6

20.0

19.619.5

19.9

17.0

17.5

18.0

18.5

19.0

19.5

20.0

20.5

2 Jul 9 Jul 16 Jul 23 Jul 30 Jul 6 Aug 13 Aug 20 Aug 27 Aug 3 Sep 10 Sep 17 Sep

2021

US¢

/lbs

Sugar

946.0955.6

1,008.3

1,061.1

1,092.1

1,066.1

1,082.8

1,058.5

1,088.8 1,091.7

1,098.3 1,082.5

900

950

1,000

1,050

1,100

1,150

2 Jul 9 Jul 16 Jul 23 Jul 30 Jul 6 Aug 13 Aug 20 Aug 27 Aug 3 Sep 10 Sep 17 Sep

2021

US$

/mt

Crude Palm Oil

3,506 3,487

3,6053,671

4,187

4,4474,512

4,660

4,8234,906 4,919 4,886

3,300.0

3,500.0

3,700.0

3,900.0

4,100.0

4,300.0

4,500.0

4,700.0

4,900.0

5,100.0

2 Jul 9 Jul 16 Jul 23 Jul 30 Jul 6 Aug 13 Aug 20 Aug 27 Aug 3 Sep 10 Sep 17 Sep

2021

US$/

mt

Pepper

Page 13: MALAYSIA LOOKING FORWARD TO WELCOMING CHINA IN …

MITI WEEKLY BULLETTIN13

MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala LumpurTel:+603-8000 8000 Fax: +603-6202 9446

26.5

26.2

25.8

25.2

25.5

24.3

23.8

23.1

24.1

24.8

23.9

22.3

22.0

22.5

23.0

23.5

24.0

24.5

25.0

25.5

26.0

26.5

27.0

2 Jul 9 Jul 16 Jul 23 Jul 30 Jul 6 Aug 13 Aug 20 Aug 27 Aug 3 Sep 10 Sep 17 Sep

2021

US$

/oz

Silver

57.4

58.1

58.7

57.9

58.7

56.7

57.0 57.2

57.8

58.6

57.7

56.5

56.0

56.5

57.0

57.5

58.0

58.5

59.0

59.5

60.0

2 Jul 9 Jul 16 Jul 23 Jul 30 Jul 6 Aug 13 Aug 20 Aug 27 Aug 3 Sep 10 Sep 17 Sep

2021

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.

1,77

3

1,68

8

1,61

1

1,46

0 1,

466 1,

569 1,

644 1,

737

1,74

4

1,80

6

1,93

5 2,01

5

2,00

4 2,07

9 2,19

0

2,31

9

2,43

4

2,44

7

2,49

8 2,60

3

1,300

1,500

1,700

1,900

2,100

2,300

2,500

2,700

Jan

Feb

Mar

Ap

r

May Jun

Jul

Au

g

Sep

Oct

No

v

Dec Jan

Feb

Mar

Ap

r

May Jun

Jul

Au

g

2020 2021

US$

/ to

nn

e

Aluminium

6,03

1

5,68

8

5,18

3

5,05

8 5,

240

5,75

5 6,

372

6,49

9

6,70

5 6,

714 7,

069

7,77

2 7,

972 8,

471 8,

988 9,32

5

10,1

62

9,63

2 9,

451

9,37

0

4,000

5,000

6,000

7,000

8,000

9,000

10,000

11,000

Jan

Feb

Mar

Apr

May Jun Jul

Aug Se

p

Oct

Nov

Dec Jan

Feb

Mar

Apr

May Jun Jul

Aug

2020 2021

US$

/ to

nne

Copper

13

,50

7

12

,71

6

11

,84

6

11

,80

4

12

,18

0

12

,72

7

13

,40

2

14

,53

8

14

,85

7

15

,23

9

15

,80

8

16

,82

3

17

,86

3

18

,58

4

16

,40

7

16

,52

1

17

,57

7

17

,98

0

18

,81

9

19

,14

1

7,000

9,000

11,000

13,000

15,000

17,000

19,000

21,000

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug

2020 2021

US$

/ to

nn

e

Nickel

Commodity Price Trends

95

.76

87

.68

88

.99

84

.73

93

.65

10

3.3

0

10

8.5

2 12

1.0

71

23

.75

11

9.7

8

12

4.3

6

15

5.4

3 16

9.6

3

16

3.8

0

16

8.1

8 17

9.8

3

20

7.7

2

21

4.4

3

21

4.1

4

16

2.1

6

50.0

70.0

90.0

110.0

130.0

150.0

170.0

190.0

210.0

230.0

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug

2020 2021

US

$/d

mtu

Iron Ore

1,087.7 1,095.7

1,108.5

1,061.4 1,048.4

972.2

1026.0

994.21006.5

1021.6

956.5

930.6

900.0

950.0

1,000.0

1,050.0

1,100.0

1,150.0

1,200.0

2 Jul 9 Jul 16 Jul 23 Jul 30 Jul 6 Aug 13 Aug 20 Aug 27 Aug 3 Sep 10 Sep 17 Sep

2021

US

$/o

z

Platinum

534.0 534.0

510.0 510.0

500.0

480.0 480.0

450.0 450.0 450.0 450.0 450.0

524.0524.0

485.0 485.0 480.0

460.0 460.0450.0 450.0 450.0 450.0 450.0

390.0

410.0

430.0

450.0

470.0

490.0

510.0

530.0

550.0

570.0

590.0

2 Jul 9 Jul 16 Jul 23 Jul 30 Jul 6 Aug 13 Aug 20 Aug 27 Aug 3 Sep 10 Sep 17 Sep

US

$/m

t

Scrap Iron Scrap Iron/MT (High) Scrap Iron/MT(Low)

123.6126.8

132.6 132.3 132.9

143.9

149.7

144.5149.0

165.2

170.9168.5

100.0

110.0

120.0

130.0

140.0

150.0

160.0

170.0

180.0

2 Jul 9 Jul 16 Jul 23 Jul 30 Jul 6 Aug 13 Aug 20 Aug 27 Aug 3 Sep 10 Sep 17 Sep

2021

US

$/t

Coal

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PIKAS PIKAS(PROGRAM IMMUNISASI KERJASAMA AWAM DAN SWASTA)(PROGRAM IMMUNISASI KERJASAMA AWAM DAN SWASTA)

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