BULLETIN

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VOLUME 593 VOLUME 593

MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY

Weekly

BULLETIN BULLETIN

7 July 2020 | NO. ISSN : 2180-0448

Malaysia Statistics

PRODUCER PRICE INDEX (PPI) MALAYSIA

PPI Local Production May 2020 decreased 5.5% as compared to May 2019

April 2020

-2.7%

Month-on-Month

-0.2%

April 2020

-5.1%

Year-on-Year

-5.5%

PPI by sector

Month-on-Month Agriculture, forestry &

fishing

Mining

Electricity & gas supply

Water Supply Manufacturing

5.5%

0.2%

-0.8%

-1.1%

-52.7%

-4.5%

-0.3%

-0.8%

-0.3%

-16.6%

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Malaysia Statistics

MITI Weekly Bulletin | www.miti.gov.my MITI Weekly Bulletin | www.miti.gov.my

PPI BY STAGE OF PROCESSING

PPI SELECTED COUNTRIES

2020

-0.8%

USA

UK

ROK

PRC

THAILAND

TAIWAN

-1.4%

-1.7%

-3.7%

-4.8%

-11.6%

-1.2%

-0.7%

-1.7%

-3.1%

-4.3%

-10.8%

MAY

Year-on-Year change Month-on-Month change

APRIL

Source: Department of Statistics, Malaysia

Source: https://tradingeconomics.com/

Crude materials for further processing

Intermediate materials, supplies& components

Finished goods

Total

3.4%

-0.5%

-1.1%

-0.2%

-0.9%

0.2%

-5.5%

-26.6%

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Malaysia Statistics

MALAYSIA'S PRODUCTIVITY PERFORMANCE ECONOMIC AND PRODUCTIVITY

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Malaysia Statistics

MAIN SECTORS LABOUR

PRODUCTIVITY PERFORMANCE

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International Report

Current forecasts suggest that the coronavirus (COVID-19) global recession will be the deepest since World War II, with the largest fraction of economies experiencing declines in per capita output since 1870. Output of emerging market and developing economies

(EMDEs) is expected to contract in 2020 for the first time in at least 60 years.

UNDERSTANDING THE DEPTH OF THE 2020 GLOBAL RECESSION

Source:https://blogs.worldbank.org/opendata/understanding-depth-2020-global-recession-5-charts

The global economy has experienced 14 global recessions since 1870: in 1876, 1885, 1893, 1908, 1914, 1917-21, 1930- 32, 1938, 1945-46, 1975, 1982, 1991, 2009, and 2020. The COVID-19 recession will be the deepest since 1945-46, and more than twice as deep as the recession associated with the 2007-09 global financial crisis

Global per capita GDP growth

Economies with contractions in per capita GDP

In 2020, the highest share of economies will experience contractions in annual per capita gross domestic product (GDP) since 1870. The share will be more than 90%

higher than the proportion at the height of the Great Depression of 1930-32.

Declines in per capita output in all EMDE regions

Although the magnitude will vary across EMDE regions, current projections indicate that five out of six are projected to fall into outright recession. The majority of EMDE regions will experience the lowest growth in at least 60 years, and all of them will see declines in regional per capita output for the first time during a global recession

EAP - East Asia and Pacific ECA - Europe and Central Asia LAC - Latin America and the Caribbean MNA -Middle East and North Africa SAR -South Asia Region

SSA -Sub-Saharan Africa

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Sale s V alu e

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

0 5 10 15 20 25 30 35

12 Apr 19 Apr 26 Apr 3 May 10 May 17 May 24 May 31 May 7 Jun 14 Jun 21 Jun 28 Jun 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.

0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000

0 2,000 4,000 6,000 8,000 10,000 12,000 14,000

RM mil.

ASEAN Trade in Goods Agreement (ATIGA)

0 500 1,000 1,500 2,000 2,500 3,000

0 200 400 600 800 1,000 1,200 1,400 1,600

RM mil.

ASEAN-China Free Trade Agreement (ACFTA)

0 100 200 300 400 500 600 700 800 900 1,000

0 500 1,000 1,500 2,000 2,500 3,000

RM mil.

ASEAN-Korea Free Trade Agreement (AKFTA)

0 50 100 150 200 250 300

0 20 40 60 80 100 120

RM mil.

ASEAN-Japan Comprehensive Economic Partnership (AJCEP)

0 50 100 150 200 250 300 350 400 450 500

0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000

RM mil.

ASEAN-India Free Trade Agreement (AIFTA)

0 200 400 600 800 1,000 1,200

0 20 40 60 80 100 120

RM mil.

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

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Number and Value of Preferential Certificates of Origin (PCOs)

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

0 200 400 600 800 1,000 1,200

0 50 100 150 200 250

RM mil.

Malaysia-Japan Economic Partnership Agreement (MJEPA)

0 50 100 150 200 250 300

0 20 40 60 80 100 120

RM mil.

Malaysia-Pakistan Closer Economic Partnership Agreement (MPCEPA)

0 2 4 6 8 10 12 14

0.00 0.10 0.20 0.30 0.40 0.50 0.60

RM mil.

Malaysia-New Zealand Free Trade Agreement (MNZFTA)

0 10 20 30 40 50 60 70 80

0 5 10 15 20 25 30 35 40 45

RM mil.

Malaysia-Chile Free Trade Agreement (MCFTA)

0 50 100 150 200 250 300

0 10 20 30 40 50 60 70

RM mil.

Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA)

0 50 100 150 200 250 300 350 400 450

0 10 20 30 40 50 60

RM mil.

Malaysia-Australia Free Trade Agreement (MAFTA)

0 50 100 150 200 250 300 350

0 20 40 60 80 100 120 140 160 180 200

RM mil.

Malaysia-Turkey Free Trade Agreement (MTFTA)

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Malaysian Ringgit Exchange Rate with Selected Countries, January 2019 - June 2020

Source : Bank Negara Malaysia

US Dollar

Chinese Yuan

Thai Baht

Japanese Yen

Singapore Dollar

New Taiwan Dollar

4.1161 4.0746

4.3553 4.2755

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

2019 2020

RM

USD 1 = RM

0.6064

0.5880

0.6156

0.6033

0.57 0.58 0.58 0.59 0.59 0.60 0.60 0.61 0.61 0.62 0.62

2019 2020

RM

CNY 1 = RM

12.9318 12.8563

13.7884

13.7216

12.20 12.40 12.60 12.80 13.00 13.20 13.40 13.60 13.80 14.00

2019 2020

RM

THB 100 = RM

3.7814

3.6696

4.0505 3.9774

3.60 3.65 3.70 3.75 3.80 3.85 3.90 3.95 4.00 4.05 4.10

2019 2020

RM

JPY 100 = RM

3.0350

2.9959

3.0667

2.96 2.98 3.00 3.02 3.04 3.06 3.08

2019 2020

RM

SGD 1 = RM

13.3508 13.2198

14.5082 14.4137

13.00 13.20 13.40 13.60 13.80 14.00 14.20 14.40 14.60

2019 2020

RM

TWD 100 = RM

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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.

Commodity Prices

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

4.0%*

US$240.0 (low)

3.6%*

US$270.0 (high)

3 July 2020

12.0%*

US$50.9

18.3%*

US$1,313.0 RUBBER SMR 20 -per MT-

2.0%*

US$1,173.5

COCOA SMC 2 -per MT-

COAL -per MT-

SUGAR -per lbs-

5.3%*

US$12.2

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

3 July 2020

Steel Bars

(per MT)

RM1,980 – RM2,130

Billets

(per MT) RM1,700 - RM1,800

3 July 2020 3 July 2020 3 July 2020

3 July 2020

4.3%*

US$42.8

CRUDE PETROLEUM (BRENT) -per bbl-

3 July 2020

CRUDE PALM OIL -per MT-

2.0%*

US$563.5

3 July 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

10 Jan 2020 : US$761.9

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

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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.

1,615.1 1,741.1

1,768.4

1,620.0

1,605.1 1,599.0 1,650.0

1,681.5

1,582.3 1,559.9

1,607.1

1,313.0 1,300

1,350 1,400 1,450 1,500 1,550 1,600 1,650 1,700 1,750 1,800

17 Apr 24 Apr 30 Apr 8 May 15 May 22 May 29 May 5 Jun 12 Jun 19 Jun 26 Jun 3 Jul 2020

US$/mt

Cocoa

1,132.5

1,112.0

1,081.5 1,106.5

1,099.5

1,104.5 1,108.5 1,157.0

1,142.5 1,160.5

1,151.0 1,173.5

1,070 1,090 1,110 1,130 1,150 1,170

US$/mt

Rubber SMR 20

18.3 16.9 18.8

24.7 29.4

33.3 35.5

39.6 36.3

39.8 38.5

40.7

28.1

21.4 25.3

31.0 32.5

35.1 35.3 42.3

38.7

42.2 41.0 42.8

10 15 20 25 30 35 40 45

US$/bbl

Crude Petroleum

Crude Petroleum (WTI)/bbl Crude Petroleum (Brent)/bbl 10.5

9.8

10.4 10.3 10.4

10.9 10.9

12.1 12.0 12.2

11.6 12.2

9.5 10.0 10.5 11.0 11.5 12.0 12.5

US¢/lbs

Sugar

525.0

494.5 484.6

473.0 478.7 506.2

525.0

557.7 559.5 580.3

575.2 563.5

460 480 500 520 540 560 580 600

US$/mt

Crude Palm Oil

1,696 1,696 1,711 1,719

1,704 1,697 1,702 1,760

1,838

1,908 1,909 2,059

1,670.0 1,720.0 1,770.0 1,820.0 1,870.0 1,920.0 1,970.0 2,020.0 2,070.0 2,120.0

US$/mt

Pepper

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15.3 15.3 15.0

15.8 17.1

17.7 18.5

17.5

17.9 17.8 18.0 18.3

14.0 14.5 15.0 15.5 16.0 16.5 17.0 17.5 18.0 18.5 19.0

US$/oz

Silver

54.4 55.2

54.7 54.8 55.8 55.7

55.6

54.1 55.7 55.8

56.2 57.0

54.0 54.5 55.0 55.5 56.0 56.5 57.0 57.5

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.

2,082 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 1,773 1,688 1,611 1,460 1,466 1,569

1,300 1,400 1,500 1,600 1,700 1,800 1,900 2,000 2,100 2,200

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

2018 2019 2020

US$/ tonne

Aluminium

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 6,031 5,688 5,183 5,058 5,240 5,755

4,000 4,500 5,000 5,500 6,000 6,500 7,000

2018 2019 2020

US$/ tonne

Copper

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 13,507 12,716 11,846 11,804 12,180 12,727

7,000 9,000 11,000 13,000 15,000 17,000 19,000

2018 2019 2020

US$/ tonne

Nickel

Commodity Price Trends

64.56 67.15 68.44 73.41 73.26 69.15 76.16 88.22 86.47 93.70 100.15 108.94 120.2493.07 93.08 88.53 84.98 92.65 95.76 87.68 88.99 84.73 93.65 103.30

50.0 60.0 70.0 80.0 90.0 100.0 110.0 120.0 130.0

2018 2019 2020

US$/dmtu

Iron Ore

785.3 773.8

813.0

789.3 817.1

886.3 874.6

830.4 824.0 827.3

809.9 831.6

740.0 760.0 780.0 800.0 820.0 840.0 860.0 880.0 900.0

US$/oz

Platinum

275.0 275.0 275.0 275.0 270.0270.0

280.0 280.0

270.0270.0 280.0

270.0

255.0 255.0 255.0 255.0 250.0 250.0

260.0 260.0

250.0 250.0 250.0

240.0

230 240 250 260 270 280 290

US$/mt

Scrap Iron

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

34.1

39.5 39.9 40.0

38.8 38.7 38.5 46.2

44.5 45.0 45.5 50.9

30 35 40 45 50

US$/t

Coal

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All you need to know...

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All you need to know...

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