Gasoline price forecast to continue to decrease
At the end of last trading week, WTI crude oil decreased to 70.74 USD/barrel at the end of the week. Overall last week, WTI crude oil decreased slightly by 0.26 USD/barrel, equivalent to a decrease of 0.36% compared to the previous week.
Brent oil increased slightly to 74.74 USD/barrel at the end of the week. Overall last week, Brent oil increased by 0.08 USD/barrel, equivalent to an increase of 10% compared to the previous week.
According to analysts, world oil prices tend to decrease ahead of the prospect of a peace agreement between Russia and Ukraine that could ease global supply disruptions by ending sanctions against Moscow.
Limiting the decline in oil prices is information about the US postponing the imposition of tariffs. This has paved the way for oil prices to recover as the risk environment warms along with the prospect of reaching a trade consensus.
For domestic gasoline prices, retail gasoline prices according to the price list announced by Petrolimex in regions 1 and 2 (46 provinces and cities are applying) on February 16 are as follows:
According to a representative of a petroleum business, domestic petroleum prices will fluctuate according to the world petroleum situation. According to current market developments, it is forecasted that in the next price adjustment period, gasoline prices may decrease slightly. See more...
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Reasons why pork prices in Ho Chi Minh City remain high
Pork prices in Ho Chi Minh City have recorded a significant increase, especially after the Lunar New Year, the price of this commodity has increased, causing purchasing power to decrease sharply.
At traditional markets in Ho Chi Minh City, currently the price of young ribs is about 180,000 - 210,000 VND/kg, three rows is 208,000 VND/kg, lean shoulders is 135,000 VND/kg... Compared to 1 month ago, the price of pork has increased by 30,000 - 40,000 VND/kg (depending on the type).
Ms. Le Thi Van - a pork trader at Ba Chieu market (Binh Thanh district) - said: "Currently, the retail price of pork is over 100,000 VND/kg, this is rare because every year after Tet, the price of meat will decrease".
According to information from Hoc Mon Food Unit Market (HCMC), the wholesale price for lean pork at the market has increased, currently fluctuating between 94,000 - 95,000 VND/kg depending on the type. The output of pigs coming to the market is only about 2,900 - 3,000 pigs/day (down 50% compared to before Tet).
"S supply has decreased but there is no shortage because purchasing power is still low. The reason for the high price is that the epidemic has made livestock farms not dare to re-herd, and small-scale livestock farming households have also changed their models, so the supply of pork has decreased, said Ms. Kim Hien - a pork trader at Hoc Mon market. See more...
Mineral industry stocks increase sharply
The stock market had another week of gains, although the score was almost insignificant, the positive point was improved liquidity. Although the cash flow has not yet found the blue chip group, there is rapid circulation and especially mineral codes continue to fly high.
At the end of the trading week, the VN-Index increased slightly from 1,275 points to over 1,276 points. The positive point is that liquidity continues to improve, although trading volume on the HOSE floor increased by only 4.8% compared to last week, it was the 4th consecutive week of increase.
On the HOSE, cash flow continues to favor small and medium-sized stocks, in which notable stocks are in the FCM and BMC mineral industries.
On the HNX floor, the leading stock was a BKC mineral industry stock and for the second consecutive week this stock led the increase on the floor. Similarly, there are two other codes in the same industry, HGM, KSV. See more...
