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VOLUME 520

MINISTRY OF INTERNATIONAL TRADE AND INDUSTRYWeekly

B U L L ET I N22 January 2019 | NO. ISSN : 2180-0448

YB. Minister’s Participation in World Economic Forum 2019 and Informal Ministerial Gathering on WTO

22 - 25 January 2019, Davos-Klosters, Switzerland

Med

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The World Economic Forum (WEF) Annual Meeting 2019 will take place from 22 – 25 January 2019 in snowy Davos-Klosters, Switzerland. This year’s central theme is “Globalisation 4.0: Shaping a Global Architecture in the Age of the Fourth Industrial Revolution”.

WEF, an independent international organisation for public-private cooperation was established four (4) 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 these challenges. More than 2,500 participants including approximately 300 Head of States/Governments and government

representatives and 1,500 global corporate leaders are expected to attend the event.Minister of International Trade and Industry, YB Datuk Darell Leiking has accepted the invitation

to participate in this year’s WEF. YB Datuk Darell Leiking is expected to participate and contribute in a few sessions namely, “Governing Digital Trade: Next Steps”, “The Factory of the Future”, “Shaping ASEAN’s Agenda in the Global Context”, “Informal Gathering of World Economic Leaders (IGWEL): The End of Global Trade as We Know It” and “Belt and Road Forum”. YB Minister will be sharing Malaysia’s experience regarding Industry 4.0, digital trade, ASEAN and initiatives under the Belt and Road as well as providing Malaysia’s perspective on the current global, regional and industry challenges.

Throughout the week, YB Datuk Darell Leiking will take the opportunity to meet and discuss with his counterparts in scheduled bilateral meetings with Switzerland, Qatar, Saudi Arabia and the United Kingdom. YB Minister will also be meeting CEOs and top management of multinational companies such as Japan External Trade Organization (JETRO), Hanwha Q Cells Co. Ltd., Amazon Web Services, A.T. Kearney, Merck, Google and Microsoft to discuss potential business activities with Malaysia and exchange views on trade and investment.

At WEF, Malaysia will highlight the economic policies and trade direction outlined by the new Administration, including re-emphasising that Malaysia will continue to be an open economy with business friendly environment and remains an attractive destination for foreign direct investment. The new Government is in the process of realigning the country's major policies to ensure that Malaysia’s economic growth is on solid footing, which is important for bolstering investors’ confidence.

Another key deliverable is for Malaysia to underline that The Fourth Industrial Revolution is reshaping economies around the world with rapid technological advancements. Malaysia has completed and launched the National Policy on Industry 4.0 where the Government will serve as an enabler in driving the digital transformation in the manufacturing and related services sector. The enabling ecosystem will allow the manufacturing sector to thrive by adopting new technologies and to ensure that Malaysia will remain as an attractive prospect for high-technology, innovative and high value-added industries in years to come. Malaysia’s participation in the WEF 2019 will provide the opportunity to further elevate Malaysia’s profile and visibility among the business and international community congregating in Davos.

Besides the Forum, YB Datuk Darell Leiking will also be representing Malaysia to the Informal Ministerial Gathering on WTO organized by Switzerland. Ministers are expected to share views and dialogue on the challenges facing the multilateral trading system.

Ministry of International Trade and IndustryKuala Lumpur, Malaysia21 January 2019


MITI Weekly Bulletin | www.miti.gov.my

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seYB Datuk Darell Leiking, Minister of International Trade

and Industry Malaysia Working Visit toHong Kong Special Administrative Region

andParticipation in the 3rd Edition of

The Economic Times Asian Business Leaders Conclave16-18 January 2019

Ministry of International Trade & IndustryKuala Lumpur, Malaysia20 January 2019

YB Datuk Darell Leiking, Minister of International Trade and Industry Malaysia had successfully completed a working visit to Hong Kong Special Administrative Region (HKSAR) from 16-18 January 2019. Fulfilling an invitation from the Economic Times, Minister Darell chaired a CEOs’ Breakfast Meeting on 17 January 2019. The breakfast meeting was attended by 40 CEOs and representatives from selected corporations across Asia. Minister Darell conveyed that Malaysia welcomes quality foreign investments, particularly of those which are capital intensive, high technology and would bring innovation to the country. Minister Darell also delivered the Keynote Address at the 3rd Edition of Asia Business Leadership Conclave (ABLC) as the guest of honour. Among the prominent dignitaries present were Honourable Madam Carrie Lam, Chief Executive of Hong Kong Special Administrative Region (HKSAR). Over 500 participants, mainly regional corporate leaders and government officials attended ABLC. Another highlight of the working visit was the launching of Truly Malaysia Programme (TMP), of which “Malaysian Products Corner” will be established in more than 4,500 pharmacies across Hong Kong. According to Minister Darell, the Malaysian Products Corner will facilitate market penetration of Malaysian products to local residents and Chinese tourists in Hong Kong. TMP is an initiative resulted from the collaboration between MH Cross Border Group, Hong Kong Chinese Pharmacist Association and Hong Kong Chamber of Commerce and Industry. In addition to that, Minister Darell met several potential investors namely, senior representatives from Asia Plantation Hong Kong Ltd, Meitec Ltd, Kuok Group, Lee & Man Paper Manufacturing Limited and AECOM. Minister Darell also met with the representatives from the Malaysian Chamber of Commerce (MayCham Hong Kong & Macau) Limited and Association of Family Offices in Asia (AFO) an association that manages high net worth family businesses.

In conjunction with the working visit, Minister Darell inspected the facilities at Cyberport an innovative digital community with 1,000 digital tech startup companies. Cyberport focuses on building key clusters of digital technology, namely FinTech, eCommerce, Internet of Things (IoT), Big Data and artificial intelligence (AI) to foster the development of Hong Kong into a “Smart City”. Minister Darell also interacted with Malaysian students and professionals during the Networking Dinner with Malaysian Diaspora. Hong Kong continues to be one of Malaysia’s top trading partners and sources of foreign direct investments (FDI). Following the rapid development of Guangdong-Hong Kong-Macau i.e. Greater Bay Area (GBA), the strengthened bilateral economic ties with Hong Kong would lay a strong foundation for future fruitful collaborations, especially in the spheres of financial services, logistics as well as innovation and technology.



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tResponse to Malaysia Automotive Association’s (Maa)Alleged Delay in Approving New Car Models' Pricing

1. The Ministry of International Trade and Industry (MITI) takes note of the news article “Malaysian Automotive Association slams govt for delaying new car pricing approval” in The Edge, 16 January 2019 (“the Article”).

2. We wish to inform that the Automotive Business Development Committee (ABDC) comprising representatives from MITI, Ministry of Finance (MOF),Malaysia Investment Development Authority (MIDA), Malaysia Automotive, Robotic, and IOT Institute (MARii), and the Royal Malaysian Customs Department (RMCD) is entirely not a new setup as mentioned in the article.ABDC was established in 2006 to facilitate collective decision making process in determining the quantum of incentive to be extended to vehicle companies. Since 2006, members of MAA have been applying for incentives to ABDC. In the decision making process, the Cost Benefit Analysis (CBA) is also considered by the Committee. ABDC meetings are held on a monthly basis and special ABDC meetings will be convened, if necessary.

3. The objective of the ABDC is to evaluate and recommend the Industrial Linkage Program (ILP), Multi Sourcing Parts (MSP) and customized incentives for Energy Efficient Vehicle (EEV) under the National Automotive Policy (NAP) 2014. The recommendations by ABDC are for MOF to consider in deciding the amount of duty reduction to be extended to the vehicle companies. It must be noted that the approval letter from MOF also explicitly stipulate sthat the gains from the incentive received by the vehicle companies are to be passed down to the Rakyat.

4. In the previous Administration, some vehicle companies had obtained the incentives directly from MOF, bypassing ABDC. Many of the applications were approved without comprehensive evaluation in determining the return of investment to the Government. However, in line with the aspiration of the new Government, MOF and MITI collectively agreed that the decision making process has to be transparent and fair and should be comprehensively deliberated by the ABDC.

5. All the due process and governance which has been strengthened under the current Government is primarily for the purpose of ensuring that the incentives are granted and distributed to the worthy and entitled recipients according to the prescribed regulations and guidelines. MITI will always strive to ensure that public funds and taxpayers money are utilised optimally for the benefits of the Rakyat.

6. MITI continues to welcome all constructive feedback from the industry. In this regard, MITI invites MAA and any industry player to have further consultation pertaining to this issue and to collectively address grievances in order to facilitate the growth of the automotive industry.

Ministry of International Trade and Industry17 January 2019



Mal

aysi

a St

atis

tics

Labour Force in Malaysia

Source : Department of Statistics, Malaysia

Note: - % refer to Year -on-Year Growth

Number of labour force increased 2.5 per cent in November 2018 as compared to November 2017

Labour force participation rate (LFPR) in November 2018 increased 0.5 per cent as compared to November 2017

Unemployment rate in November 2018 remained at 3.3 per cent

Nov 2018 Nov 2017

Labour Force15.46 million 15.08 million

2.5%

14.94 million 14.58 million2.5%

Employed

0.52 million 0.51 million2.2%

Unemployed

68.4%Nov 2018

67.9%Nov 2017

0.5%

- Labour force participation rate is defined as the ratio of labour force to the working age population, expressed as percentage.

Nov

embe

r 20

18

Oct

ober

201

8

Nov

embe

r 20

17

3.3% 3.3% 3.3%



Mal

aysi

a St

atis

tics

Rubber Statistics, November 2018

Domestic Consumption

Top five export destinations of natural rubber

Productionof natural rubber decreased by 11.1% in November 2018

Rubber gloves industry was the main consumer of natural rubber

Nov. 2018P

52,174 tonnes

Nov. 201758,657 tonnes

Nov. 2018P

42,834 tonnes

Nov. 201742,484 tonnes

0.8%

26.9% 11.9% 4.6% 3.0% 3.0%

1

2

3 4

PRC

30,

102

tonn

es

Ger

man

y 6

,313

tonn

es

Fi

nlan

d

2,4

60 to

nnes

Iran

1,59

4 to

nnes

R

OK

1

,583

tonn

es

5

Note: - % refer to Year -on-Year Growth Note: - % refer to Year -on-Year Growth

Note: - % refer to Year -on-Year Growth Source : Department of Statistics, Malaysia



Inte

rnat

iona

l St

atis

tics

Brunei Economic Indicators 2017

and YOU...ators 2017

0.4 millionPopulat ion

1.3% annualG r o w t h r a t e

0.5% Employment in Agriculture

17.5% Employment in Industry

81.6% Employment in Services US$13.5 billion

GDP at constant prices

1.3% annualG r o w t h r a t e

-US$46.3m i l l i o n

F D I F l o w Inward

F D I F l o w Outward

-US$84.7m i l l i o n

US$6.2b i l l i o n

F D I Stock Inward

F D I S t o c k Outward

US$1.5 b i l l i o n

US$1.4b i l l i o nCommercialS e r v i c e sI m p o r t s

US$0.5b i l l i o nCommercialS e r v i c e sE x p o r t s

US$3.1b i l l i o nMerchandiseG o o d sI m p o r t s

US$5.6 b i l l i o nMerchandiseG o o d sE x p o r t s

Malaysia's Trade with Brunei 2008 - Nov 2018

Source: Department of Statistics, Malaysia

Source: www.statistics.apec.org

21 Members

1.50 1.56 1.451.67

2.13

2.592.81 2.69

2.122.31

2.03

0.33 0.23 0.15 0.15 0.16

1.040.84

0.55 0.65

2.60

1.41

1.83 1.791.60

1.82

2.30

3.63 3.653.23

2.78

4.91

3.44

0

2

4

6

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 (Jan-Nov)I

RM billion

Exports Imports Total Trade



Inte

rnat

iona

l M

erch

andi

se T

rade

Notes : - % Share in Malaysia’s export - *Refers to HS 152200 Source: http://www.trademap.org/Index.aspx

M a l a y s i a w a s t h e l a r g e s t e x p o r t e r o f D e g r a s ; r e s i d u e s r e s u l t i n g f r o m t h e t r e a t m e n t

o f f a t t y s u b s t a n c e s o r a n i m a l o r v e g e t a b l e w a x e s * i n 2 0 1 7

Malaysia’s Top Five Export Destinations

MalaysiaUS$14.7m

14.4%1

BelgiumUS$8.7m

8.5%3

FranceUS$8.0m

7.8%5

IndonesiaUS$12.3m

12.1%2

GermanyUS$8.3m

8.2%4

55.5% US$8.1m

14.7% US$2.2m

11.6% US$1.7m

9.1% US$1.3m

2.5% US$0.4m

Sri Lanka

Singapore

Indonesia

ROK

Bangladesh

1

2

3

4

5



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

10

20

30

40

50

60

70

80

28 O

ct

4 N

ov

11 N

ov

18 N

ov

25 N

ov

2 D

ec

9 D

ec

16 D

ec

23 D

ec

30 D

ec

6 Ja

n

13 J

an

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

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

1,000

2,000

3,000

4,000

5,000

6,000

0

5,000

10,000

15,000

20,000

25,000

30,000

35,00028

Oct

4 N

ov

11 N

ov

18 N

ov

25 N

ov

2 D

ec

9 D

ec

16 D

ec

23 D

ec

30 D

ec

6 Ja

n

13 J

an

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

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

1,800

28 O

ct

4 N

ov

11 N

ov

18 N

ov

25 N

ov

2 D

ec

9 D

ec

16 D

ec

23 D

ec

30 D

ec

6 Ja

n

13 J

an

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

ASEAN-China Free Trade Agreement (ACFTA)


0

200

400

600

800

1,000

1,200

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

28 O

ct

4 N

ov

11 N

ov

18 N

ov

25 N

ov

2 D

ec

9 D

ec

16 D

ec

23 D

ec

30 D

ec

6 Ja

n

13 J

an

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

ASEAN-Korea Free Trade Agreement (AKFTA)


0

50

100

150

200

250

300

350

0

20

40

60

80

100

120

140

28 O

ct

4 N

ov

11 N

ov

18 N

ov

25 N

ov

2 D

ec

9 D

ec

16 D

ec

23 D

ec

30 D

ec

6 Ja

n

13 J

an

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

ASEAN-Japan Comprehensive Economic Partnership (AJCEP)


0

100

200

300

400

500

600

700

800

900

0

500

1,000

1,500

2,000

2,500

3,000

3,500

28 O

ct

4 N

ov

11 N

ov

18 N

ov

25 N

ov

2 D

ec

9 D

ec

16 D

ec

23 D

ec

30 D

ec

6 Ja

n

13 J

an

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

ASEAN-India Free Trade Agreement (AIFTA)


0

200

400

600

800

1,000

1,200

1,400

1,600

0

50

100

150

200

250

300

350

400

450

500

28 O

ct

4 N

ov

11 N

ov

18 N

ov

25 N

ov

2 D

ec

9 D

ec

16 D

ec

23 D

ec

30 D

ec

6 Ja

n

13 J

an

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

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




Number and Value of Preferential Certificates of Origin (PCOs)

0

200

400

600

800

1,000

1,200

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

18,00028

Oc

t

4 N

ov

11 N

ov

18 N

ov

25 N

ov

2 D

ec

9 D

ec

16 D

ec

23 D

ec

30 D

ec

6 Ja

n

13 J

an

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-Japan Economic Partnership Agreement (MJEPA)


0

50

100

150

200

250

0

20

40

60

80

100

120

28 O

ct

4 N

ov

11 N

ov

18 N

ov

25 N

ov

2 D

ec

9 D

ec

16 D

ec

23 D

ec

30 D

ec

6 Ja

n

13 J

an

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

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

28 O

ct

4 N

ov

11 N

ov

18 N

ov

25 N

ov

2 D

ec

9 D

ec

16 D

ec

23 D

ec

30 D

ec

6 Ja

n

13 J

an

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-New Zealand Free Trade Agreement (MNZFTA)


0

20

40

60

80

100

120

0

200

400

600

800

1,000

1,200

1,400

1,600

28 O

ct

4 N

ov

11 N

ov

18 N

ov

25 N

ov

2 D

ec

9 D

ec

16 D

ec

23 D

ec

30 D

ec

6 Ja

n

13 J

an

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

Malaysia-Chile Free Trade Agreement (MCFTA)


0

50

100

150

200

250

300

350

400

450

500

0

20

40

60

80

100

120

140

28 O

ct

4 N

ov

11 N

ov

18 N

ov

25 N

ov

2 D

ec

9 D

ec

16 D

ec

23 D

ec

30 D

ec

6 Ja

n

13 J

an

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA)


0

100

200

300

400

500

600

0

20

40

60

80

100

120

140

160

28 O

ct

4 N

ov

11 N

ov

18 N

ov

25 N

ov

2 D

ec

9 D

ec

16 D

ec

23 D

ec

30 D

ec

6 Ja

n

13 J

an

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

Malaysia-Australia Free Trade Agreement (MAFTA)


0

50

100

150

200

250

300

0

50

100

150

200

250

300

28 O

ct

4 N

ov

11 N

ov

18 N

ov

25 N

ov

2 D

ec

9 D

ec

16 D

ec

23 D

ec

30 D

ec

6 Ja

n

13 J

an

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-Turkey Free Trade Agreement (MTFTA)


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



Malaysian Ringgit Exchange Rate with Selected Countries,January 2017 - December 2018

Source : Bank Negara Malaysia

US Dollar

Philippine Peso

Vietnamese Dong

Hong Kong Dollar

Indonesian Rupiah

Indian Rupee

4.4596

3.8862

4.1729

3.50

3.60

3.70

3.80

3.90

4.00

4.10

4.20

4.30

4.40

4.50

4.60

Jan

Feb

Ma

rA

prM

ay

Jun Jul

Aug Se

pO

ctN

ovD

ec Jan

Feb

Ma

rA

prM

ay

Jun Jul

Aug Se

pO

ctN

ovD

ec

2017 2018

RM

USD 1 = RM

8.9685

7.4635

7.9071

6.50

7.00

7.50

8.00

8.50

9.00

9.50

Jan

Feb

Ma

rA

prM

ay

Jun Jul

Aug Se

pO

ctN

ovD

ec Jan

Feb

Ma

rA

prM

ay

Jun Jul

Aug Se

pO

ctN

ovD

ec

2017 2018

RM

PHP 100 = RM

0.0197

0.0171

0.0179

0.0155

0.0160

0.0165

0.0170

0.0175

0.0180

0.0185

0.0190

0.0195

0.0200

Jan

Feb

Ma

rA

prM

ay

Jun Jul

Aug Se

pO

ctN

ovD

ec Jan

Feb

Ma

rA

prM

ay

Jun Jul

Aug Se

pO

ctN

ovD

ec

2017 2018

RM

VND 100 = RM

57.4972

49.5163

53.3674

44.00

46.00

48.00

50.00

52.00

54.00

56.00

58.00

60.00

Jan

Feb

Ma

rA

prM

ay

Jun Jul

Aug Se

pO

ctN

ovD

ec Jan

Feb

Ma

rA

prM

ay

Jun Jul

Aug Se

pO

ctN

ovD

ec

2017 2018RM

HKD 100 = RM

0.0334

0.0274

0.0288

0.025

0.026

0.027

0.028

0.029

0.030

0.031

0.032

0.033

0.034

Jan

Feb

Ma

rA

prM

ay

Jun Jul

Aug Se

pO

ctN

ovD

ec Jan

Feb

Ma

rA

prM

ay

Jun Jul

Aug Se

pO

ctN

ovD

ec2017 2018

RM

IDR 100 = RM

6.5503

6.8277

5.6504

5.8957

5.50

5.70

5.90

6.10

6.30

6.50

6.70

6.90

Jan

Feb

Ma

rA

prM

ay

Jun Jul

Aug Se

pO

ctN

ovD

ec Jan

Feb

Ma

rA

prM

ay

Jun Jul

Aug Se

pO

ctN

ovD

ec

2017 2018

RM

INR 100 = RM



Commodity Prices

%*US$330.0

(high)

18 Jan 2019

3.3%*US$310.0

(low)

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

CRUDE PETROLEUM (BRENT) -per bbl-

3.7%*US$62.7

18 Jan 2019

CRUDE PALM OIL -per MT-

1.3%*US$530.6

18 Jan 2019

RUBBER SMR 20 -per MT-

2.6%*US$1,343.0

COCOA SMC 2 -per MT-

1.3%* US$1,561.0

COAL -per MT-

1.0%*US$76.3

SUGAR -per lbs-

2.0%*US¢13.0

SCRAP IRON HMS -per MT-

5 Oct 2018 : US$84.2

Highest2018/2019

18 Jan 2019 : US$62.7

4 Jan 2019 : US$57.1 28 Dec 2018 : US$52.2

Lowest2018/2019

9 Mar 2018 : US$691.5

Highest2018/2019

18 Jan 2019 : US$530.6

4 Jan 2019 : US$503.8 23 Nov 2018 : US$448.5

Lowest2018/2019

Average Price 2018 i : US$71.5 Average Price 2018 i : US$600.1

Average Price 2018 i : US$1,371.0 Average Price 2018 i : US$1,535.6 Average Price 2018 i : US¢12.3

Average Price 2018 i : US$380.7 (high)Average Price 2018 i : US$359.6 (low)Average Price 2018 i : US$66.9

Domestic Prices18 January 2019

Steel Bars(per MT)

RM2,000– RM2,150

Billets(per MT)

RM1,900 - RM1,950

18 Jan 2019 18 Jan 2019 18 Jan 2019

18 Jan 2019



Commodity Prices 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.

1,546.8 1,543.6

1,455.2

1,406.11,420.7

1,369.5

1,518.6

1,537.3

1,594.1 1,600.4

1,580.8

1,561.0

1,300

1,350

1,400

1,450

1,500

1,550

1,600

1,650

2 Nov 9 Nov 16 Nov 23 Nov 30 Nov 7 Dec 14 Dec 21 Dec 28 Dec 4 Jan 11 Jan 18 Jan

US$

/mt

Cocoa

1,800

1,871

1,9742,005

2,106

2,250 2,240

2,2412,253

2,2622,286

2,275

1,700.0

1,800.0

1,900.0

2,000.0

2,100.0

2,200.0

2,300.0

2,400.0

2 Nov 9 Nov 16 Nov 23 Nov 30 Nov 7 Dec 14 Dec 21 Dec 28 Dec 4 Jan 11 Jan 18Jan

US$

/mt

Pepper

1,261.0

1,252.0

1,236.5

1,217.5

1,236.0

1,252.0 1,249.5

1,289.0

1,281.5

1,369.5

1,379.5

1,343.0

1,200

1,220

1,240

1,260

1,280

1,300

1,320

1,340

1,360

1,380

1,400


US$

/mt

Rubber SMR 20

63.1

60.2

56.5

50.4 50.952.6

51.2

45.6 45.3

48.0

51.6

53.8

72.8

70.2

66.8

58.8 58.7

61.760.3

53.852.2

57.1

60.5 62.7

40

45

50

55

60

65

70

75


US$

/bbl

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

518.0

507.5

484.0

448.5

461.0

468.0475.0

480.5

503.5

503.8

524.0

530.6

440

450

460

470

480

490

500

510

520

530

540


US$

/mt

Crude Palm Oil

13.4

12.7 12.7

12.5

12.8 12.9

12.7

12.3 12.4

11.9

12.8

13.0

10.0

10.5

11.0

11.5

12.0

12.5

13.0

13.5

14.0


US¢

/lbs

Sugar



Commodity Prices Trends

14.8

14.1

14.4

14.4

14.2

14.714.6

14.7

15.4

15.815.7

15.4

14.0

14.2

14.4

14.6

14.8

15.0

15.2

15.4

15.6

15.8

16.0


US$

/oz

Silver

39.6

39.0

39.3 39.3

39.1

40.0

39.7

40.5

41.1 41.1

41.4 41.3

38.0

38.5

39.0

39.5

40.0

40.5

41.0

41.5

42.0


US$

/oz

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.

1,79

1 1,86

1 1,

901

1,92

1 1,

913

1,88

5 1,

903

2,03

0 2,09

6 2,

131

2,09

7 2,

080

2,21

0 2,

182

2,06

9 2,

255 2,30

0 2,

238

2,08

2 2,

052

2,02

6 2,

030

1,93

9 1,

920

1,400

1,500

1,600

1,700

1,800

1,900

2,000

2,100

2,200

2,300

2,400

Jan

Feb

Mar

Apr

May Jun

Jul

Aug Se

pO

ctN

ov

Dec Jan

Feb

Mar

Apr

May Jun

Jul

Aug Se

pO

ctN

ov

Dec

2017 2018

US$

/ to

nn

e

Aluminium

5,75

5 5,94

1 5,

825

5,68

4 5,

600

5,72

0 5,

985

6,48

6 6,

577 6,

808

6,82

7 6,

834 7,

066

7,00

7 6,

799

6,85

2 6,

825 6,96

6 6,

251

6,05

1 6,

051 6,

220

6,19

6 6,

075

4,000

4,500

5,000

5,500

6,000

6,500

7,000

7,500

Jan

Feb

Mar

Apr

May Jun Jul

Aug Se

pO

ctN

ov

Dec Jan

Feb

Mar

Apr

May Jun Jul

Aug Se

pO

ctN

ov

Dec

2017 2018

US$

/ to

nn

e

Copper

9,97

1 10,6

43

10,2

05

9,60

9 9,

155

8,93

2 9,49

1 10

,890

11

,216

11

,336

11

,972

11

,495

12

,865

13,5

96

13,3

93

13,9

38

14,3

66 15

,106

13

,794

13

,411

12

,510

12

,315

11

,240

10

,835

7,000

8,000

9,000

10,000

11,000

12,000

13,000

14,000

15,000

16,000

Jan

Feb

Mar

Apr

May Jun Jul

Aug Se

pO

ctN

ov

Dec Jan

Feb

Mar

Apr

May Jun Jul

Aug Se

pO

ctN

ov

Dec

2017 2018

US$

/ to

nn

e

Nickel

80

.41

89

.44

87

.65

70

.22

62

.43

57

.48

67

.74

76

.07

71

.53

61

.66

64

.24

72

.25 7

6.3

4

77

.46

70

.35

65

.75

66

.10

65

.04

64

.56

67

.15

68

.44 7

3.4

1

73

.26

69

.15

30.0

40.0

50.0

60.0

70.0

80.0

90.0

100.0

Jan

Feb

Mar

Ap

r

May Jun

Jul

Au

g

Sep

Oct

No

v

De

c

Jan

Feb

Mar

Ap

r

May Jun

Jul

Au

g

Sep

Oct

No

v

De

c

2017 2018

US$

/dm

tu

Iron Ore

875.7

856.0

846.6

845.0

799.8

790.4785.3

799.1796.4

827.2 818.0

802.1

770.0

790.0

810.0

830.0

850.0

870.0

890.0


US

$/o

z

Platinum

380.0 380.0 380.0 380.0 380.0 380.0 380.0

350.0 350.0 350.0 350.0

340.0

330.0 330.0

350.0

360.0

350.0 350.0 350.0 350.0 350.0

320.0 320.0 320.0 320.0

310.0

300.0

310.0

250

270

290

310

330

350

370

390

19 Oct 26 Oct 2 Nov 9 Nov 16 Nov23 Nov30 Nov 7 Dec 14 Dec 21 Dec 28 Dec 4 Jan 11 Jan 18 Jan

US

$/m

t

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

78.1

77.6

78.1

77.1

73.6

74.7

76.1 76.1

75.2

75.6 75.6

76.3

73.0

75.0

77.0

79.0


US

$/t

Coal


MITI Weekly Bulletin | www.miti.gov.myM

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