VOLUME 571 VOLUME 571
MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY
Weekly
BULLETIN BULLETIN
29 January 2020 | NO. ISSN : 2180-0448
Media Release
MITI Minister’s Participation in World Economic Forum 2020 and WTO Informal Ministerial Gathering
25 January 2020, Davos-Klosters, Switzerland
YB Datuk Darell Leiking is currently in Davos-Klosters, Switzerland representing Malaysia at the World Economic Forum (WEF) Annual Meeting 2020, taking place from 21 – 24 January 2020.
“Stakeholders for a Cohesive and Sustainable World” is this year’s central theme of the WEF Annual Meeting.
The Minister met with Mr. Justin Wood, the Head of the Asia Pacific Region and Member of the Executive Committee of WEF in which they discussed opportunities and collaboration that WEF could offer to Malaysia, including support to Malaysia as the host of APEC 2020.
On 21 January 2020, the Minister had a bilateral meeting with H.E. Dr. Mohammad Ibrahim Shtayyeh, Prime Minister of Palestine, focusing on bilateral trade and investment issues concerning both countries.
The Prime Minister of Palestine and the Minister also spoke on the Pilgrimage Tourism which Palestine has interest to offer to all believers of faiths.
WEF also provided an opportunity for the Minister to meet his counterparts, H.E. Guy Parmelin, Minister of Economic Affairs of Switzerland, H.E. Ruhsar Pekcan, Minister of Trade, Turkey, H.E. Rodrigo Yañez Vice Minister of Trade, Chile, H.E. Yoo Myung-Hee, Trade Minister of Republic of Korea Venue and H.E Ebrahim Patel, Minister of Trade of South Africa. Bilateral trade issues including strengthening bilateral trade between Malaysia and both countries were at the centre of their discussions.
The Minister also met with several key representatives from multinational companies such as ABB Ltd, Dassault Systemes, DP World, Standard Chartered, Novartis Oncology, Tyson Food, AIRBUS, FESTO AG, Jumeirah Group and Yidu Cloud where they exchanged views on ways to strengthen existing business and investments as well as exploring further opportunities in Malaysia.
As a speaker during the 4
thBelt & Road Davos Forum, The Minister reiterated Malaysia’s strong commitment to the Belt and Road Initiative (BRI) and emphasised the important role of the Belt and Road Initiative in enhancing cooperation and prosperity of all countries involved, particularly in the region.
YB Minister was under international media spotlight where he had interview sessions with CNBC and
Bloomberg Asia. During his interview with CNBC, he spoke about Malaysia's views and positions amidst
MITI Weekly Bulletin | www.miti.gov.my
the trade conflict between China and the United States, Malaysia's trade relations with China, progress of the Regional Comprehensive Economic Partnership (RCEP), Malaysia's relationship with India and key challenges in realising trade through closer cooperation among nations. He assured Bloomberg Asia that he was confident that China would continue to buy Malaysia’s palm oil and expressed his confidence in Malaysia's strong trade relationship with India.
On 24 January 2020, YB Minister also attended the Informal World Trade Organisation (WTO) Ministerial Gathering that was held on the sidelines of WEF 2020. The WTO Ministers were invited to address key priorities for the 12
thWTO Ministerial Conference (MC12) scheduled for June 2020, including WTO reforms, and also the agenda on the United Nation’s Sustainable Development Goals. Malaysia expressed her commitments to fair and equitable multilateral trading system and generating shared prosperity for all its Members.
WEF, an independent international organisation for public-private cooperation was established
five (5) decades ago with a mission to improve the economic state of the world. The annual meeting, generally held in January, gathers the world’s top business leaders, politicians, academicians and leaders of the society to discuss major global issues affecting the world’s economy and to brainstorm suggestions and plans to address those challenges. An estimated of more than 2,500 participants including approximately 300 Head of States/Governments and government representatives and 1,500 global corporate leaders attended the event.
Ministry of International Trade and Industry 25 January 2020
Media Release
Final Determination of an Anti-Dumping Investigation Concerning Imports of Steel Concrete Reinforcing Bar Originating or Exported
From The Republic of Singapore and the Republic of Turkey
On 26 April 2019, the Government of Malaysia initiated an anti-dumping investigation based on a petition filed by the Malaysia Steel Association representing domestic producers of steel concrete reinforcing bar (subject merchandise) in accordance with the Countervailing and Anti-Dumping Duties Act 1993 and Countervailing and Anti-Dumping Duties Regulation 1994. The petitioner alleged that subject merchandise originating or exported from the Republic of Singapore (Singapore) and the Republic of Turkey (Turkey) are being imported into Malaysia at a price lower than the selling price in their respective domestic markets, causing material injury to the domestic industry in Malaysia producing the like product.
The Government of Malaysia has concluded the anti-dumping investigation concerning imports of steel concrete reinforcing bar from Singapore and Turkey and decided to impose final affirmative anti- dumping duties as follows:
Republic of Singapore Republic of Turkey
Natsteel Holdings Pte Ltd 4.97% Colakoglu Metalurji A.S. Nil Others 17.65% Diler Iron and Steel Co. Inc. 3.62
Others 20.09%
The Royal Malaysian Customs Department will enforce the collection of anti-dumping duties on imports of steel concrete reinforcing bar from the alleged countries and this measure will be effective for five (5) years, from 22 January 2020 to 21 January 2025.
With the imposition of anti-dumping duties on imports of subject merchandise from the alleged countries, it is expected that the issue of unfair trade practices will be addressed. Interested parties, such as local producers, importers, foreign producers/exporters and associations related to the investigation can have access to the non-confidential version of the public report on the Final Determination by submitting a written request to:
Director
Trade Practices Section
Ministry of International Trade and Industry (MITI)
Level 9, Menara MITI, No. 7, Jalan Sultan Haji Ahmad Shah 50480 Kuala Lumpur, MALAYSIA
Telephone Number : (603) 6208 4631/4632/4641/4647 Facsimile Number : (603) 6211 4429
E-mail address : alltps@miti.gov.my
Ministry of International Trade and Industry22 January 2020
Malaysia Statistics
Source: Department of Statistics, Malaysia
Consumer Price Index (CPI) 2019 (2010=100)
552 products in the basket
CPI increased 0.7%
from 120.7 to 121.5 in 2019
Durable Goods 97.9, 0.2%
CPI by consumer products categories
Semi-durable Goods 95.4, 1.9%
Non-durable Goods
123.0, 0.7% Services 125.6, 2.0%
CPI for main groups
Housing, Water, Electricity, Gas &
Other Fuels
121.3,1.9%
Food &
Non-Alcoholic Beverages
133.1,1.7%
Alcoholic Beverages &
Tobacco
167.8, 1.5%Education 119.7, 1.4%
Furnishings, Household
Equipment & RoutineHousehold Maintenance
116.4, 1.4%
Restaurants &
Hotels
131.8,1.2%
Recreation
Services & Culture
111.8,
0.7%
Health 122.7, 0.7%
Communication
96.4, 0.4% Miscellaneous Goods & Services
113.0,
0.4%
Clothing &
Footwear
94.3,2.0%
Transport 114.0, 1.9%
Specimen
21,800 outletsfrom 137 price
collection locations
17,000 retail outlets in states of
Peninsular Malaysia
from 97 locations 2,500 outlets in Sabah from 21 locations
2,300 outlets
in Sarawak from
19 locations
MITI Weekly Bulletin | www.miti.gov.my
Malaysia Statistics
Leading Index, November 2019
Annual growth rate of Leading Index (smoothed) and business cycle (grey shaded area), Jan-Nov 2019
Source: Department of Statistics, Malaysia
Sustainable Development Goals Indicators
Cluster 4: Environment & Natural Resources
Indicator 13.1.1:
Number of deaths, missing persons and directly affected persons attributed to disasters per 100,000 population
SUMMARY FINDING
Source: Department of Statistics, Malaysia
Table 13.1:
Number of deaths, missing persons and directly affected persons attributed to disasters, 2016 and 2017
The number of deaths attributed by disasters per 100,000 population increased by 26 persons to 31 persons in 2017 as compared to 2016 (5 persons). Affected persons attributed by disaster also increased to 177,862 persons in 2017 as compared to 40,090 persons in 2016.
Goal 6: Clean Water & Sanitation Goal 7: Affordable & Clean Energy
Goal 12: Responsible Consumption & Productivity
In 2017, Kelantan recorded the highest number of affected persons, 61,647 persons followed by Terengganu (34,966 persons) and Johor (17,533 persons). Meanwhile, W.P. Labuan stated the lowest number of the affected persons with 131 persons and no affected person attributed to disasters in W.P. Putrajaya.
Table 13.2:
Number of directly affected persons attributed to disasters, 2017
Goal 13: Climate Action
Goal 14: Life Below Water
Goal 15: Life on Land
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Be part of something BIG?
Come and join us, be a volunteer for APEC 2020!
For more information about the volunteer program, kindly click the following link:
https://www.miti.gov.my/index.php/pages/view/5657?mid=626
Sources: Ministry of International Trade and Industry
International Statistics
MITI Weekly Bulletin | www.miti.gov.my
Merchandise Trade Statistics
World largest exports of Looped pile fabrics, knitted or crocheted (excluding of cotton
or man-made fibres)*
1
MALAYSIA US$44.8m
42.9%
2
SINGAPORE US$33.7m
32.2%
3
CHINA US$4.8m
4.6%
4
TAIPEI US$4.3m
4.1%
5
ITALY US$2.8m
2.7%
Top Five Malaysia Export Destinations
INDONESIA 1
US$31.15m
CAMBODIA 2
US$9.47m
VIET NAM 3
US$3.53m
INDIA 4
US$0.40m
CHINA 5
US$0.15m
Notes:
-*HS600129
-% refer to share in world exports
In 2018, Malaysia’s export of Looped pile fabrics, knitted or crocheted (excluding of cotton or man- made fibres) recorded US$44.8 million with 42.9%
Sources: https://www.trademap.org/index.aspx
Principle which requires developed countries to undertake higher reduction compared to developing countries.
Less Than Full Reciprocity:
Long Products:
Long products include hot rolled bar, cold rolled or drawn bar, rebar, railway rails, wire, rope (stranded wire), woven cloth of steel wire, shapes (sections) such as U, I, or H sections, and may also include ingots from continuous casting, including blooms and billets. Fabricated structural units, such bridge sections are also classed as long products. Long products find general use in construction industries, and in capital goods sectors.
Exclusion List- Terms that only apply to carriage by vessel
Marine- restricted:
Metalworking machinery consists of metal cutting and metal forming/shaping machinery.
Machine Tools:
Market Access:
Market access for goods in the WTO means the conditions, tariff and non-tariff measures, agreed by members for the entry of specific goods into their markets.
Material Handling Equipment:
Machines for movement, handling, storage and retrieval of materials such as cranes, conveyance equipment, auto/storage/retrieval systems and material handling equipment for manufacturing processes.
G L O S S A R Y
Source: http://www.miti.gov.my /index.php/glossary
Term used for heads of APEC member economies participating in the annual Informal Sessions of the APEC Economic Leaders’ Meetings (AELM). Terminology is in accordance with the common principle of APEC which refers to APEC participants as member economies, instead of sovereign nations.
Leaders:
Refers to those who, during the reference week, are in the 15 - 64 years age group (in completed years at last birthday) and who are either employed or unemployed.
Labour Force: Lead Shepard:
The head of a working group under the Steering Committee on Economic and Technical Cooperation (SCE) of APEC, within some SCE fora this position is called Chair. This is to differentiate with Convenor, who is the Chair of a forum under the Committee on Trade and Investment (CTI).
Corrupt, thieving government, in which the politicians and bureaucrats in charge use the powers of the state to feather their own nests.
Kleptocracy:
A term used for an official member of APEC. Members taking part in APEC activities do so as economic entitites rather than as sovereign states. Currently, APEC comprises 21 member economies: Australia; Brunei Darussalam; Canada; Chile; People’s Republic of China; Hong Kong, China; Indonesia; Japan; Republic of Korea; Malaysia; Mexico; New Zealand; Papua New Guinea; Peru; the Philippines; Russia; Singapore; Chinese Taipei; Thailand; the United States; and Viet Nam.
Member Economies:
A theory that states that during periods of recession or economic downturn, consumers will eschew purchases of big-ticket luxury items and seek material solace in smaller indulgences, such as premium lipstick instead of fur coat.
Lipstick Effect:
• Domestic: subsequent transportation beyond pre-
carriage
• International: transportation from the point of departure on the seller’s side to the arrival pint on the buyer’s side
Main Carriage:
Addition of a certain number of percentage points to the applied rate of the unbound tariff line in order to establish the base rate. Current proposal is for mark-up of 30.
Mark-up Approach:
Minamata Convention:
A global treaty to protect human health and the environment from the adverse effects of mercury.
The moratorium on new membership, effective through 2010, was agreed between APEC Leaders in 1997 in order to give APEC a period in which to lay firm foundations for the future given the considerable number of members (21).
Moratorium:
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Number and Value of Preferential Certificates of Origin (PCOs)
Note: *Provisional Data Source: Ministry of International Trade and Industry, Malaysia
0 20 40 60 80 100 120 140 160
0 5 10 15 20 25 30 35 40 45 50
3 Nov 10 Nov 17 Nov 24 Nov 1 Dec 8 Dec 15 Dec 22 Dec 29 Dec 5 Jan 12 Jan 19 Jan No. of Certificate of Origin
RM mil.
Generalised System of Preferences (GSP)
Total FOB (RM mil.) Total CO 0
1,000 2,000 3,000 4,000 5,000 6,000
0 500 1,000 1,500 2,000 2,500 3,000 3,500
3 Nov 10 Nov 17 Nov 24 Nov 1 Dec 8 Dec 15 Dec 22 Dec 29 Dec 5 Jan 12 Jan 19 Jan No. of Certificate of Origin
RM mil.
ASEAN Trade in Goods Agreement (ATIGA)
Total FOB (RM mil.) Total CO
0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500
0 2,000 4,000 6,000 8,000 10,000 12,000
3 Nov 10 Nov 17 Nov 24 Nov 1 Dec 8 Dec 15 Dec 22 Dec 29 Dec 5 Jan 12 Jan 19 Jan No. of Certificate of Origin
RM mil.
ASEAN-China Free Trade Agreement (ACFTA)
Total FOB (RM mil.) Total CO
0 200 400 600 800 1,000 1,200
0 50 100 150 200 250 300 350 400
3 Nov 10 Nov 17 Nov 24 Nov 1 Dec 8 Dec 15 Dec 22 Dec 29 Dec 5 Jan 12 Jan 19 Jan No. of Certificate of Origin
RM mil.
ASEAN-Korea Free Trade Agreement (AKFTA)
Total FOB (RM mil.) Total CO
0 50 100 150 200 250 300 350
0 20 40 60 80 100 120 140 160
3 Nov 10 Nov 17 Nov 24 Nov 1 Dec 8 Dec 15 Dec 22 Dec 29 Dec 5 Jan 12 Jan 19 Jan No. of Certificate of Origin
RM mil.
ASEAN-Japan Comprehensive Economic Partnership (AJCEP)
Total FOB (RM mil.) Total CO
0 100 200 300 400 500 600 700 800 900
0 50 100 150 200 250 300 350
3 Nov 10 Nov 17 Nov 24 Nov 1 Dec 8 Dec 15 Dec 22 Dec 29 Dec 5 Jan 12 Jan 19 Jan No. of Certificate of Origin
RM mil.
ASEAN-India Free Trade Agreement (AIFTA)
Total FOB (RM mil.) Total CO
0 200 400 600 800 1,000 1,200
0 100 200 300 400 500 600
3 Nov 10 Nov 17 Nov 24 Nov 1 Dec 8 Dec 15 Dec 22 Dec 29 Dec 5 Jan 12 Jan 19 Jan No. of Certificate of Origin
RM mil.
ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA)
Total FOB (RM mil.) Total CO
0 200 400 600 800 1,000 1,200
0 50 100 150 200 250 300 350
3 Nov 10 Nov 17 Nov 24 Nov 1 Dec 8 Dec 15 Dec 22 Dec 29 Dec 5 Jan 12 Jan 19 Jan No. of Certificate of Origin
RM mil.
Malaysia-Japan Economic Partnership Agreement (MJEPA)
Total FOB (RM mil.) Total CO
0 50 100 150 200 250
0 20 40 60 80 100 120 140 160
3 Nov 10 Nov 17 Nov 24 Nov 1 Dec 8 Dec 15 Dec 22 Dec 29 Dec 5 Jan 12 Jan 19 Jan No. of Certificate of Origin
RM mil.
Malaysia-Pakistan Closer Economic Partnership Agreement (MPCEPA)
Total FOB (RM mil.) Total CO
0 1 2 3 4 5 6 7 8
0.00 0.05 0.10 0.15 0.20 0.25 0.30 0.35 0.40 0.45 0.50
3 Nov 10 Nov 17 Nov 24 Nov 1 Dec 8 Dec 15 Dec 22 Dec 29 Dec 5 Jan 12 Jan 19 Jan No. of Certificate of Origin
RM mil.
Malaysia-New Zealand Free Trade Agreement (MNZFTA)
Total FOB (RM mil.) Total CO
0 10 20 30 40 50 60 70 80
0 10 20 30 40 50 60 70 80 90 100
3 Nov 10 Nov 17 Nov 24 Nov 1 Dec 8 Dec 15 Dec 22 Dec 29 Dec 5 Jan 12 Jan 19 Jan No. of Certificate of Origin
RM mil.
Malaysia-Chile Free Trade Agreement (MCFTA)
Total FOB (RM mil.) Total CO
0 50 100 150 200 250 300 350 400 450
0 20 40 60 80 100 120
3 Nov 10 Nov 17 Nov 24 Nov 1 Dec 8 Dec 15 Dec 22 Dec 29 Dec 5 Jan 12 Jan 19 Jan No. of Certificate of Origin
RM mil.
Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA)
Total FOB (RM mil.) Total CO
0 100 200 300 400 500 600 700
0 10 20 30 40 50 60
3 Nov 10 Nov 17 Nov 24 Nov 1 Dec 8 Dec 15 Dec 22 Dec 29 Dec 5 Jan 12 Jan 19 Jan No. of Certificate of Origin
RM mil.
Malaysia-Australia Free Trade Agreement (MAFTA)
Total FOB (RM mil.) Total CO
0 50 100 150 200 250 300 350 400
0 20 40 60 80 100 120 140 160 180
3 Nov 10 Nov 17 Nov 24 Nov 1 Dec 8 Dec 15 Dec 22 Dec 29 Dec 5 Jan 12 Jan 19 Jan No. of Certificate of Origin
RM mil.
Malaysia-Turkey Free Trade Agreement (MTFTA)
Total FOB (RM mil.) Total CO
Note: *Provisional Data Source: Ministry of International Trade and Industry, Malaysia
MITI Weekly Bulletin | www.miti.gov.my
Sale s V alu e
Source : Bank Negara Malaysia
Malaysian Ringgit Exchange Rate with Selected Countries, January 2018 - December 2019
US Dollar
Canadian Dollar
New Zealand Dollar
Swiss Franc
Saudi Riyal
Myanmar Kyat
3.9578
3.8862
4.1881
4.1485
3.70 3.75 3.80 3.85 3.90 3.95 4.00 4.05 4.10 4.15 4.20 4.25
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2018 2019
RM
USD 1 = RM
3.1806
3.0211
3.1987
3.1480
2.90 2.95 3.00 3.05 3.10 3.15 3.20 3.25
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2018 2019
RM
CAD 1 = RM
2.8676
2.6527 2.7333
2.60 2.65 2.70 2.75 2.80 2.85 2.90
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2018 2019
RM
NZD 1 = RM
4.1069
3.9775
4.2802
4.2174
3.80 3.85 3.90 3.95 4.00 4.05 4.10 4.15 4.20 4.25 4.30 4.35
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2018 2019
RM
CHF 1 = RM
105.5322
103.6265
111.6587
110.6070
98.0 100.0 102.0 104.0 106.0 108.0 110.0 112.0 114.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2018 2019
RM
SAR 100 = RM
0.2940 0.2948
0.2628
0.2768
0.250 0.255 0.260 0.265 0.270 0.275 0.280 0.285 0.290 0.295 0.300
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2018 2019
RM
MMK 100 = RM
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$280.0 (low)
%*
US$300.0 (high)
24 January 2020 6.4%*
US$60.7
%*
US$45.6
2.7%*
US$1,826.8
Commodity Prices
CRUDE PETROLEUM (BRENT) -per bbl-
24 January 2020
CRUDE PALM OIL -per MT-
0.4%*
US$734.2
24 January 2020
RUBBER SMR 20 -per MT-
3.5%*
US$1,470.5
COCOA SMC 2 -per MT-
COAL -per MT-
SUGAR -per lbs-
0.4%*
US$14.4
SCRAP IRON HMS -per MT-
17 May 2019 : US$72.2
Highest
2019/2020
03 Jan 2020 : US$68.6
24 Jan 2020 : US$60.7 09 Aug 2019 : US$54.5
Lowest 2019/2020
27 Dec 2019 : US$794.5
Highest
2019/2020
10 Jan 2020 : US$761.9
17 Jan 2020 : US$731.4 26 Jul 2019 : US$488.5
Lowest 2019/2020 Average Price 2019
i: US$64.2 Average Price 2019
i: US$557.1
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$56.5
Domestic Prices
24 January 2020
Steel Bars
(per MT)
RM2,100– RM2,250
Billets
(per MT) RM1,750 - RM1,850
24 January
2020 24 January
2020 24 January
2020
24 January 2020
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Commodity Price Trends
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Pepper Board, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.
1,651.1 1,741.2
1,751.4
1,684.1 1,663.7
1,623.8
1,515.5 1,512.8
1,652.6 1,659.3 1,778.5
1,826.8
1,500 1,550 1,600 1,650 1,700 1,750 1,800 1,850 1,900
8 Nov 15 Nov 22 Nov 29 Nov 6 Dec 13 Dec 20 Dec 27 Dec 03 Jan 10 Jan 17 Jan 24 Jan
2019 2020
US$/mt
Cocoa
1,976
1,936
1,881 1,879 1,858
1,840 1,841
2,098
1,859 1,867
1,876 1,875
1,800.0 1,850.0 1,900.0 1,950.0 2,000.0 2,050.0 2,100.0 2,150.0
8 Nov 15 Nov 22 Nov 29 Nov 6 Dec 13 Dec 20 Dec 27 Dec 03 Jan 10 Jan 17 Jan 24 Jan 2020
US$/mt
Pepper
1,355.0 1,364.0 1,414.0
1,401.5 1,490.0
1,499.5
1,442.0
1,449.5 1,484.5 1,492.5
1,524.5
1,470.5
1,320 1,370 1,420 1,470 1,520 1,570
8 Nov 15 Nov 22 Nov 29 Nov 6 Dec 13 Dec 20 Dec 27 Dec 03 Jan 10 Jan 17 Jan 24 Jan
2019 2020
US$/mt
Rubber SMR 20
57.2 57.7 57.8 55.2
59.2 60.1 60.4 61.7 63.1
59.0 58.5
54.2 62.5 63.3 63.4
62.4 64.4 65.2
66.1
68.2 68.6
65.0 64.9
60.7
40 45 50 55 60 65 70 75
8 Nov 15 Nov 22 Nov 29 Nov 6 Dec 13 Dec 20 Dec 27 Dec 03 Jan 10 Jan 17 Jan 24 Jan
2019 2020
US$/bbl
Crude Petroleum
Crude Petroleum (WTI)/bbl Crude Petroleum (Brent)/bbl
585.7 597.2
621.3 637.2
662.1
687.6 695.6 724.3
745.6 761.9
731.4 734.2
485 535 585 635 685 735 785
8 Nov 15 Nov 22 Nov 29 Nov 6 Dec 13 Dec 20 Dec 27 Dec 03 Jan 10 Jan 17 Jan 24 Jan
2019 2020
US$/mt
Crude Palm Oil
12.6
12.7 12.8 12.9 13.2
13.5 13.5 13.5 13.3
14.1
14.5 14.4
11.8 12.3 12.8 13.3 13.8 14.3 14.8
8 Nov 15 Nov 22 Nov 29 Nov 6 Dec 13 Dec 20 Dec 27 Dec 03 Jan 10 Jan 17 Jan 24 Jan
2019 2020
US¢/lbs
Sugar
16.8 16.9 17.0 17.1
16.6
17.0 17.2
17.9
18.2 18.1 18.1 18.1
16.2 16.7 17.2 17.7 18.2 18.7
8 Nov 15 Nov 22 Nov 29 Nov 6 Dec 13 Dec 20 Dec 27 Dec 03 Jan 10 Jan 17 Jan 24 Jan
2019 2020
US$/oz
Silver
47.1 47.2
47.1 46.9 46.9 47.2 47.6
48.6
49.8 50.0 50.1 50.3
46.0 46.5 47.0 47.5 48.0 48.5 49.0 49.5 50.0 50.5 51.0
8 Nov 15 Nov 22 Nov 29 Nov 6 Dec 13 Dec 20 Dec 27 Dec 03 Jan 10 Jan 17 Jan 24 Jan
2019 2020
US$/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.
2,255 2,300 2,238 2,082 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
1,400 1,500 1,600 1,700 1,800 1,900 2,000 2,100 2,200 2,300 2,400
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2018 2019
US$/ tonne
Aluminium
6,852 6,825 6,966 6,251 6,051 6,051 6,220 6,196 6,075 5,939 6,300 6,439 6,438 6,018 5,882 5,941 5,709 5,759 5,757 5,860 6,077
4,000 4,500 5,000 5,500 6,000 6,500 7,000 7,500
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2018 2019
US$/ tonne
Copper
13,938 14,366 15,106 13,794 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
7,000 9,000 11,000 13,000 15,000 17,000 19,000
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2018 2019
US$/ tonne
Nickel
Commodity Price Trends
65.75 66.10 65.04 64.56 67.15 68.44 73.41 73.26 69.15 76.16 88.22 86.47 93.70 100.15 108.94 120.24 93.07 93.08 88.53 84.98 92.65
50.0 60.0 70.0 80.0 90.0 100.0 110.0 120.0 130.0
AprMay Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar AprMay Jun Jul Aug Sep Oct Nov Dec
2018 2019
US$/dmtu
Iron Ore
893.1
894.5 892.6 900.4 898.9 928.8
913.8 950.4
990.3 986.0
1024.8
1010.6
880.0 900.0 920.0 940.0 960.0 980.0 1,000.0 1,020.0 1,040.0
8 Nov 15 Nov 22 Nov 29 Nov 6 Dec 13 Dec 20 Dec 27 Dec 03 Jan 10 Jan 17 Jan 24 Jan
2019 2020
US$/oz
Platinum
280.0 280.0 280.0 300.0
310.0 320.0
300.0 300.0 300.0 300.0 300.0 300.0
260.0 260.0 265.0
280.0 285.0 290.0
280.0 280.0 280.0 290.0
280.0 280.0
200 220 240 260 280 300 320 340
8 Nov 15 Nov 22 Nov 29 Nov 6 Dec 13 Dec 20 Dec 27 Dec 03 Jan 10 Jan 17 Jan 24 Jan 2020
US$/mt
Scrap Iron
Scrap Iron/MT (High) Scrap Iron/MT(Low)43.8 43.8 43.8 46.1
45.6 45.6 45.6 45.6 45.6 45.6 45.6 45.6
43 44 44 45 45 46 46 47 47
8 Nov 15 Nov 22 Nov 29 Nov 6 Dec 13 Dec 20 Dec 27 Dec 03 Jan 10 Jan 17 Jan 24 Jan
2019 2020
US$/t
Coal
MITI Weekly Bulletin | www.miti.gov.my MITI Weekly Bulletin | www.miti.gov.my
All you need to know...
MITI PROGRAMMES
MITI Minister’s Participation in World Economic Forum 2020 and WTO Informal Ministerial Gathering
21-25 January 2020, Davos-Klosters, Switzerland
All you need to know...
For more information, kindly click the following links:
https://www.miti.gov.my/index.php/pages/view/industry4WRD?mid=559#tab_547_2202
MITI Weekly Bulletin | www.miti.gov.my
All you need to know...
For more information, kindly click the following links:
https://www.miti.gov.my/index.php/pages/view/industry4WRD
For more information, kindly click the following links:
http://www.miti.gov.my/index.php/pages/view/4761 For more information, kindly click the following links:
https://www.miti.gov.my/index.php/pages/view/aki?mid=535
For more information, kindly click the following links:
https://bit.ly/2MyIPFt
For information, kindly click
https://fta.miti.gov.my/index.php/pages/view/69?mid=27
Date Venue Topic
14 February MITI HQ
Introduction to FTAs Introduction to Preferential
Certificate of Origin (PCO) 11 March MITI Perak
8 April MITI HQ 10 June MITI Johor 24 June MITI HQ 15 July MITI Penang 12 August MITI HQ 2 September MITI Kelantan 14 October MITI HQ 4 November MITI Pahang
Tentative Schedule
for MITI Pocket Talks 2020
MITI Weekly Bulletin | www.miti.gov.my
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