weekly bulletin weekly... · weekly bulletin 2 april 2019 | no. issn : 2180-0448 media release...
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1MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
VOLUME 529
MINISTRY OF INTERNATIONAL TRADE AND INDUSTRYWeekly
B U L L ET I N2 April 2019 | NO. ISSN : 2180-0448
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TRADE AND INVESTMENT MISSION TO THE UNITED STATES FROM 1-6 APRIL 2019
Minister Darell will be joined by MITI’s Deputy Secretary General for Trade as well as senior officials of Malaysian Investment Development Authority (MIDA), Malaysia External Trade Development Corporation (MATRADE) and InvestKL Corporation.
During the mission, Minister Darell is scheduled to meet with top officials in the US Trade Representative Office, Department of Commerce and the White House. These meetings are aimed to further cement Malaysia’s trade and investment relations with the US.
In expanding partnership with the private sector, Minister Darell will be interacting with key business groups such as the US-ASEAN Business Council, US Chamber of Commerce and Pacific Northwest Aerospace Alliance as well as select companies in sectors such as electric and electronics, artificial intelligence, petrochemical, and information communication technology.
Minister Darell will connect with strategic partners during a seminar on “Forging Stronger Economic Relationship between Malaysia and the US”. He will also be sharing his views with the American media during his interview sessions.
In 2018, the US remained as Malaysia’s top trading nation in the North America region and Malaysia’s third largest trading partner in the world at RM155.68 billion (USD38.57 billion, 8.3% share of Malaysia’s total trade). Exports to the US reached RM90.73 billion (USD22.48 billion), while imports from the US were RM64.94 billion (USD16.08 billion), both driven by manufactured goods.
In term of implemented projects, the US remains as the second largest investor in Malaysia in sectors such as electric and electronics, medical devices, renewable energy and aerospace valued at RM74.01 billion (USD21.86 billion). Malaysian companies too have successfully ventured into the US in diverse sectors from entertainment and resort, oleo-chemical, industrial packaging, furniture to banking reaching over USD14 billion.
Ministry of International Trade & Industry1 April, 2019
International Trade and Industry Minister Darell Leiking will be leading a trade and investment mission to Washington DC, New York, Seattle, San Jose and San Francisco in the United States of America
(US), from 1 April 2019 to 6 April 2019.
2MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Med
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seMITI MINISTER FORGES STRONGER TIES WITH
HIS US COUNTERPARTS AND US MNCS
WASHINGTON, D.C. UNITED STATES, 2 April 2019 – International Trade and Industry Minister Datuk Darell Leiking kicked start his trade and investment mission in the United States (US).
In his first stop in Washington DC, Darell met with Mr Wilbur Ross, US Secretary of Commerce; Mr Clete Willems, Deputy Assistant to the President for International Economic Affairs and Deputy Director of the National Economic Council; and Ambassador Robert Lighthizer, United States Trade Representative. The meetings provided opportunity in exchanging views to improve trade and investment relations, as well as understanding key concerns from both economies.
In his engagements with the US business community, Darell met with more than 26 companies in a roundtable discussion which was hosted by the US-ASEAN Business Council and the US Chamber of Commerce. Separate meetings with companies in the chemical and aerospace industry were also held. The US businesses were keen to understand about Malaysia’s trade and business policies, as well as Malaysia’s stand on various areas from free trade agreements, healthcare, digital economy, e-commerce to logistics.
In 2018, the US remained as Malaysia’s top trading nation in North America region and Malaysia’s third largest trading partner in the world at RM155.68 billion (USD38.57 billion, 8.3% share of Malaysia’s total trade). Exports to the US reached RM90.73 billion (USD22.48 billion), while imports from the US were RM64.94 billion (USD16.08 billion), both driven by manufactured goods.
In term of implemented projects, the US remains as the second largest investors in Malaysia in sectors such as electric and electronics, medical devices, renewable energy and aerospace valued at RM74.01 billion (USD21.86 billion). Malaysian companies have successfully ventured in the US in diverse sectors from entertainment and resort, oleo-chemical, industrial packaging, furniture to banking reaching over USD14 billion.
Ministry of International Trade & Industry2 April, 2019
3MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
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The Government of Malaysia received a petition from Mycron Steel CRC Sdn. Bhd., a domestic producer, requesting anti-dumping investigation on imports of cold rolled coils of iron or non-alloy steel (CRC), of width more than 1300mm. The Petitioner alleged that imports of the subject merchandises originating in, or exported from, the People’s Republic of China, Japan, the Republic of Korea and the Socialist Republic of Viet Nam are being dumped into Malaysia at a price much lower than their domestic price. The Petitioner further claimed that dumped imports from the alleged countries have increased in terms of absolute quantity and have caused material injuries to the Petitioner. The Government has considered the prima facie evidence of dumping, injury and causal link and decided to initiate the anti-dumping investigation on imports of CRC of width more than 1300mm from the alleged countries.
In accordance with the Countervailing and Anti-Dumping Duties Act 1993 and its related Regulations, a preliminary determination will be made within 120 days from the date of initiation. If the preliminary determination is affirmative, the Government will impose a provisional anti-dumping duty at the rate that is necessary to prevent further injury.
In connection with this investigation, the Ministry of international Trade and Industry (MITI) will provide a set of questionnaires to interested parties (importers, foreign producers, exporters and associations). Other interested parties may request for the questionnaires no later than 12 April 2019. Interested parties may also provide additional supporting evidence to MITI on, or before, 27 April 2019. In the event no additional information is received within the specified period, the Government will make its preliminary findings based on the available facts.
Further enquiries concerning this investigation can be directed to:
The Director, Trade Practices SectionMinistry of International Trade and Industry (MITI)Level 9, Menara MITINo. 7, Jalan Sultan Haji Ahmad Shah50480 Kuala LumpurMALAYSIA
Telephone Number: (603) 6208 4634/ 4660/4638/4642Facsimile Number : (603) 6211 4429E-mail address: [email protected]
Ministry of International Trade & Industry29 March, 2019
INITIATION OF ANTI-DUMPING INVESTIGATION CONCERNING IMPORTS OF COLD-ROLLED COILS OF IRON OR NON-ALLOY STEEL, OF WIDTH
MORE THAN 1,300MM ORIGINATING IN OR EXPORTED BY THE PEOPLE’S REPUBLIC OF CHINA, JAPAN, REPUBLIC OF KOREA
AND THE SOCIALIST REPUBLIC OF VIET NAM
4MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
INITIATION OF AN ADMINISTRATIVE REVIEW (SUNSET REVIEW) INVESTIGATION ON THE ANTIDUMPING MEASURE IMPOSED ON IMPORTS OF CELLULOSE FIBRE REINFORCED CEMENT FLAT AND PATTERN SHEETS (FCB) ORIGINATING IN, OR IMPORTED FROM
THE KINGDOM OF THAILAND
The Government of Malaysia received a petition from Hume Cemboard Industries Sdn. Bhd., a domestic producer, requesting for an application of administrative review (sunset review) on the anti-dumping measure imposed on cellulose fibre reinforced cement flat and pattern sheets (FCB) originating in, or imported from The Kingdom of Thailand (Thailand). The Petitioner alleged that imports of FCB originating in or imported from Thailand is being dumped at a price much lower than their domestic selling price and want the Government of Malaysia to continue the imposition of anti-dumping duties on FCB from Thailand.
The Petitioner further claimed that imports from the alleged markets have increased and the domestic industry suffered material injury. The Government has evaluated and considered the evidence of dumping, injury and the causal link, and decided to initiate an administrative review (sunset review) investigation on imports of FCB from the alleged country.
In accordance with the Countervailing and Anti-Dumping Duties Act, 1993 and its related Regulations, a final determination on the investigation will be made within 180 days from the date of initiation. If the final determination is affirmative, the Government will impose an antidumping duty at the rate that is necessary to prevent further injury to the domestic industry.
In connection with this investigation, the Ministry of international Trade and Industry (MITI) will provide a set of questionnaires to interested parties (importers), foreign producers/exporters and trade associations. Other interested parties may request for the questionnaires no later than 8 April 2019. Interested parties may also provide additional supporting evidence to MITI before 22 April 2019. In the event no response is received within the specified period, the Government will make its preliminary findings based on the best facts available.
Further enquiries concerning this investigation can be directed to:
The Director, Trade Practices SectionMinistry of International Trade and Industry (MITI)Level 9, Menara MITINo. 7, Jalan Sultan Haji Ahmad Shah50480 Kuala LumpurMALAYSIA
Telephone Number: (603) 6208 4634/ 4660/4638/4642Facsimile Number : (603) 6211 4429E-mail address: [email protected]
Ministry of International Trade & Industry29 March, 2019
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5MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
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PRODUCER PRICE INDEX (PPI) ( 2010 = 100 )
The Producer Price Index (PPI) local production d e c r e a s e d 1.6 per cent in February 2019 as compared to the same period of the preceding year
February 2019 1.6%
106.7
February2018
105.0
PPI for local production performance, Jan 2018- Feb 2019
Source : Department of Statistics, Malaysia
108.3
106.7106.3
106.8107.1
106.4106.7 106.6
107.9108.2
105.2
103.8
104.4
105.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb
2018 2019
Indexs Number
Index Numbers
Percentage Change of PPI Local Production , by Sector
Agric
ultu
re, F
ores
ty
& Fi
shin
g
-11.6% Min
ing
2.4%
Man
ufac
turin
g
-1.3% Elec
trici
ty&
Gas
supp
ly
0.8% Wat
er S
uppl
y
-2.0%
6MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.
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Mal
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PERFORMANCE OF FOOD AND BEVERAGE SERVICES , 2017
PERFORMANCE OF PROFESSIONAL SERVICES , 2017
The food and beverage services recorded gross output value of RM82.8 billion in 2017 as compared to RM66.4 billion in 2015 with the annual growth rate value of 11.7 per cent per annum.
The professional services recorded gross output value of RM45.1 billion in 2017 compared to RM40.4 billion in 2015 with the annual growth rate value of 5.6 per cent per annum.
Source : Department of Statistics, Malaysia
7MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.
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PERFORMANCE OF REAL ESTATE SERVICES , 2017
PERFORMANCE OF EDUCATION SERVICES , 2017
The real estate services recorded gross output value of RM32.8 billion in 2017 as compared to RM28.1 billion in 2015 with the annual growth rate value of 8.1 per cent per annum.
The education services recorded gross output value of RM17.6 billion in 2017 compared to RM15.2 billion in 2015 with the annual growth rate value of 7.7 per cent per annum.
Source : Department of Statistics, Malaysia
8MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Inte
rnat
iona
l St
atis
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New Zealand Economic Indicators 2017
4.8 million P o p u l a t i o n
2.1% annualG r o w t h r a t e
6.6% Employment in Agriculture
20.2% Employment in Industry
73.1% Employment in Services
US$181.5 bi l l ionGDP at constant prices
3.0% annualG r o w t h r a t e
US$3.6billion
F D I F l o w Inward
F D I F l o w Outward
US$0.6 billion
US$76.4 billion
F D I Stock InwardF D I S t o c k Outward
US$18.0billion
US$12.8billionCommercialS e r v i c e sI m p o r t s
US$16.0 billionCommercialS e r v i c e sE x p o r t s
US$4 0.1billionMerchandiseG o o d sI m p o r t s
US$38.1billionMerchandiseG o o d sE x p o r t s
Malaysia's Trade with New Zealand 2008 - 2018
Source: Department of Statistics, Malaysia
Source: www.statistics.apec.org
and YOU...
21 Members
3.6
1.9
3.0 3.03.6
4.4
5.2
4.0
3.0
4.5 4.8
2.6
1.62.0
2.4 2.42.7 2.9 3.0 2.9
3.4 3.3
6.1
3.6
5.05.4
6.0
7.1
8.2
7.0
5.9
7.9 8.1
0
2
4
6
8
10
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
RM billion
Exports Imports Total Trade
9MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
Note: *Provisional Data Source: Ministry of International Trade and Industry, Malaysia
0
20
40
60
80
100
120
140
0
50
100
150
200
250
300
350
6 Ja
n
13 J
an
20 J
an
27 J
an
3 Fe
b
10 F
eb
17 F
eb
24 F
eb
3 M
ar
10 M
ar
17 M
ar
24 M
ar
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.
Number and Value of Preferential Certificates of Origin (PCOs)
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
35,0006
Jan
13 J
an
20 J
an
27 J
an
3 Fe
b
10 F
eb
17 F
eb
24 F
eb
3 M
ar
10 M
ar
17 M
ar
24 M
ar
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
ASEAN Trade in Goods Agreement (ATIGA)
Total FOB (RM mil.) Total CO
0
500
1,000
1,500
2,000
2,500
3,000
0
200
400
600
800
1,000
1,200
1,400
6 Ja
n
13 J
an
20 J
an
27 J
an
3 Fe
b
10 F
eb
17 F
eb
24 F
eb
3 M
ar
10 M
ar
17 M
ar
24 M
ar
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
ASEAN-China Free Trade Agreement (ACFTA)
Total FOB (RM mil.) Total CO
0
200
400
600
800
1,000
1,200
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
6 Ja
n
13 J
an
20 J
an
27 J
an
3 Fe
b
10 F
eb
17 F
eb
24 F
eb
3 M
ar
10 M
ar
17 M
ar
24 M
ar
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
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
6 Ja
n
13 J
an
20 J
an
27 J
an
3 Fe
b
10 F
eb
17 F
eb
24 F
eb
3 M
ar
10 M
ar
17 M
ar
24 M
ar
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
ASEAN-Japan Comprehensive Economic Partnership (AJCEP)
Total FOB (RM mil.) Total CO
0
100
200
300
400
500
600
700
800
900
1,000
0
100
200
300
400
500
600
6 Ja
n
13 J
an
20 J
an
27 J
an
3 Fe
b
10 F
eb
17 F
eb
24 F
eb
3 M
ar
10 M
ar
17 M
ar
24 M
ar
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
ASEAN-India Free Trade Agreement (AIFTA)
Total FOB (RM mil.) Total CO
0
200
400
600
800
1,000
1,200
1,400
0
20
40
60
80
100
120
140
160
6 Ja
n
13 J
an
20 J
an
27 J
an
3 Fe
b
10 F
eb
17 F
eb
24 F
eb
3 M
ar
10 M
ar
17 M
ar
24 M
ar
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA)
Total FOB (RM mil.) Total CO
MITI Weekly Bulletin | www.miti.gov.
10MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Number and Value of Preferential Certificates of Origin (PCOs)
0
200
400
600
800
1,000
1,200
0
100
200
300
400
500
600
700
800
6 Ja
n
13 J
an
20 J
an
27 J
an
3 Fe
b
10 F
eb
17 F
eb
24 F
eb
3 M
ar
10 M
ar
17 M
ar
24 M
ar
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-Japan Economic Partnership Agreement (MJEPA)
Total FOB (RM mil.) Total CO
0
50
100
150
200
250
300
0
20
40
60
80
100
120
6 Ja
n
13 J
an
20 J
an
27 J
an
3 Fe
b
10 F
eb
17 F
eb
24 F
eb
3 M
ar
10 M
ar
17 M
ar
24 M
ar
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
Malaysia-Pakistan Closer Economic Partnership Agreement (MPCEPA)
Total FOB (RM mil.) Total CO
0
2
4
6
8
10
12
14
16
0.00
0.20
0.40
0.60
0.80
1.00
1.20
6 Ja
n
13 J
an
20 J
an
27 J
an
3 Fe
b
10 F
eb
17 F
eb
24 F
eb
3 M
ar
10 M
ar
17 M
ar
24 M
ar
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-New Zealand Free Trade Agreement (MNZFTA)
Total FOB (RM mil.) Total CO
0
20
40
60
80
100
120
0
200
400
600
800
1,000
1,200
1,400
6 Ja
n
13 J
an
20 J
an
27 J
an
3 Fe
b
10 F
eb
17 F
eb
24 F
eb
3 M
ar
10 M
ar
17 M
ar
24 M
ar
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
Malaysia-Chile Free Trade Agreement (MCFTA)
Total FOB (RM mil.) Total CO
0
100
200
300
400
500
600
0
50
100
150
200
250
300
350
400
450
500
6 Ja
n
13 J
an
20 J
an
27 J
an
3 Fe
b
10 F
eb
17 F
eb
24 F
eb
3 M
ar
10 M
ar
17 M
ar
24 M
ar
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA)
Total FOB (RM mil.) Total CO
0
100
200
300
400
500
600
0
20
40
60
80
100
120
140
160
6 Ja
n
13 J
an
20 J
an
27 J
an
3 Fe
b
10 F
eb
17 F
eb
24 F
eb
3 M
ar
10 M
ar
17 M
ar
24 M
ar
No. o
f Cer
tific
ate
of O
rigin
RM m
il.
Malaysia-Australia Free Trade Agreement (MAFTA)
Total FOB (RM mil.) Total CO
0
50
100
150
200
250
300
350
0
50
100
150
200
250
300
6 Ja
n
13 J
an
20 J
an
27 J
an
3 Fe
b
10 F
eb
17 F
eb
24 F
eb
3 M
ar
10 M
ar
17 M
ar
24 M
ar
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-Turkey Free Trade Agreement (MTFTA)
Total FOB (RM mil.) Total CO
Note: *Provisional Data Source: Ministry of International Trade and Industry, Malaysia
11MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Source : Bank Negara Malaysia
Malaysian Ringgit Exchange Rate with Selected Countries,January 2018 - March 2019
US Dollar
Chinese Yuan
Thai Baht
Japanese Yen
Singapore Dollar
New Taiwan Dollar
3.9578
3.8862
4.1867
4.0746
4.0790
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
2018 2019
RM
USD 1 = RM
0.6150
0.6221
0.5974
0.6078
0.59
0.59
0.60
0.60
0.61
0.61
0.62
0.62
0.63
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
2018 2019
RM
CNY 1 = RM
12.3963
12.1699
13.0154
12.8563
11.60
11.80
12.00
12.20
12.40
12.60
12.80
13.00
13.20
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
2018 2019
RM
THB 100 = RM
3.5615
3.7814
3.6696
3.45
3.50
3.55
3.60
3.65
3.70
3.75
3.80
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
2018 2019RM
JPY 100 = RM
2.9925
2.9555
3.0453
3.0125
2.90
2.92
2.94
2.96
2.98
3.00
3.02
3.04
3.06
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
2018 2019
RM
SGD 1 = RM
13.4522
13.2323
13.5766
13.2198
12.50
12.70
12.90
13.10
13.30
13.50
13.70
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
2018 2019
RM
TWD 100 = RM
MITI Weekly Bulletin | www.miti.gov.my
2.0%*US$68.4
29 Mar 2019
%*US$380.0
(high)
%*US$350.0
(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.
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
CRUDE PETROLEUM (BRENT) -per bbl-
CRUDE PALM OIL -per MT-
0.1%*US$526.0
29 Mar 2019
RUBBER SMR 20 -per MT-
3.1%*US$1,445.0
COCOA SMC 2 -per MT-
5.5%* US$1,623.4
COAL -per MT-
3.1%*US$67.1
SUGAR -per lbs-
0.3%*US¢12.5
SCRAP IRON HMS -per MT-
5 Oct 2018 : US$84.2
Highest2018/2019
29 Mar 2019 : US$68.4
4 Jan 2019 : US$57.1 28 Dec 2018 : US$52.2
Lowest2018/2019
9 Mar 2018 : US$691.5
Highest2018/2019
22 Feb 2019 : US$567.0
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$1,535.6Average 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$66.9
Domestic Prices29 March 2019
Steel Bars(per MT)
RM2,150– RM2,300
Billets(per MT)
RM2,000 - RM2,100
29 Mar 2019 29 Mar 2019 29 Mar 2019
29 Mar 2019
13MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.
Commodity Price Trends
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Pepper Board, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.
1,580.8
1,561.0
1,523.2
1,473.5
1,479.4
1,599.1
1,665.61,657.3
1,594.4
1,491.3
1,539.2
1,623.4
1,450
1,500
1,550
1,600
1,650
1,700
11 Jan 18 Jan 25 Jan 1 Feb 8 Feb 15 Feb 22 Feb 1 Mar 8 Mar 15 Mar 22 Mar 29 Mar
US$
/mt
Cocoa
2,286
2,275
2,264
2,290
2,300
2,295 2,294
2,299
2,2882,289
2,306
2,295
2,260.0
2,265.0
2,270.0
2,275.0
2,280.0
2,285.0
2,290.0
2,295.0
2,300.0
2,305.0
2,310.0
11 Jan 18Jan 25 Jan 31 Jan 8 Feb 15 Feb 22 Feb 1 Mar 8 Mar 15 Mar 22 Mar 29 Mar
US$
/mt
Pepper
1,379.5
1,343.0 1,341.0
1,335.5
1,319.0
1,353.0
1,428.0
1,493.5
1,452.0
1,475.0
1,491.5
1,445.0
1,300
1,320
1,340
1,360
1,380
1,400
1,420
1,440
1,460
1,480
1,500
11 Jan 18 Jan 25 Jan 31 Jan 8 Feb 15 Feb 22 Feb 1 Mar 8 Mar 15 Mar 22 Mar 29 MarU
S$/m
t
Rubber SMR 20
51.6
53.8 53.7
55.3
52.7
55.6
57.3
55.8 56.1
58.5 59.060.1
60.5
62.761.6
62.862.1
66.367.1
65.165.7
67.2 67.0 68.4
40
45
50
55
60
65
70
11 Jan 18 Jan 25 Jan 1 Feb 8 Feb 15 Feb 22 Feb 1 Mar 8 Mar 15 Mar 22 Mar 29 Mar
US$
/bbl
Crude Petroleum
Crude Petroleum (WTI)/bbl Crude Petroleum (Brent)/bbl
524.0
530.5532.0
529.0
542.0
551.5
567.0 566.5
549.0
543.0
526.5
526.0
500
510
520
530
540
550
560
570
580
11 Jan 18 Jan 25 Jan 1 Feb 8 Feb 15 Feb 22 Feb 1 Mar 8 Mar 15 Mar 22 Mar 29 Mar
US$
/mt
Crude Palm Oil
12.8
13.0
12.4
12.612.7
13.0
13.3
12.6
12.2
12.512.6
12.5
12.1
12.3
12.5
12.7
12.9
13.1
13.3
13.5
11 Jan 18 Jan 25 Jan 1 Feb 8 Feb 15 Feb 22 Feb 1 Mar 8 Mar 15 Mar 22 Mar 29 Mar
US¢
/lbs
Sugar
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MITI Weekly Bulletin | www.miti.gov.
15.7
15.4
15.7
15.9
15.815.7
16.0
15.3 15.3
15.3
15.4
15.1
15.0
15.2
15.4
15.6
15.8
16.0
16.2
11 Jan 18 Jan 25 Jan 1 Feb 8 Feb 15 Feb 22 Feb 1 Mar 8 Mar 15 Mar 22 Mar 29 Mar
US$
/oz
Silver
41.4 41.3
41.3
42.5
42.1 42.3
42.7
42.2
41.7
41.9
42.2
41.7
41.0
41.2
41.4
41.6
41.8
42.0
42.2
42.4
42.6
42.8
11 Jan 18 Jan 25 Jan 31 Jan 8 Feb 15 Feb 22 Feb 1 Mar 8 Mar 15 Mar 22 Mar 29 Mar
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.
2,21
0
2,18
2
2,06
9
2,25
5 2,30
0
2,23
8
2,08
2
2,05
2
2,02
6
2,03
0
1,93
9
1,92
0
1,85
4
1,86
3
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 Sep Oct Nov Dec Jan Feb
2018 2019
US$
/ to
nn
e
Aluminium
7,06
6
7,00
7
6,79
9
6,85
2
6,82
5 6,96
6
6,25
1
6,05
1
6,05
1 6,22
0
6,19
6
6,07
5
5,93
9
6,30
0
4,000
4,500
5,000
5,500
6,000
6,500
7,000
7,500
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb
2018 2019
US$
/ to
nne
Copper
12,8
65 13
,596
13,3
93
13,9
38
14,3
66 15
,106
13,7
94
13,4
11
12,5
10
12,3
15
11,2
40
10,8
35 11
,523
12,6
85
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 Sep Oct Nov Dec Jan Feb
2018 2019
US$
/ to
nn
e
Nickel
Commodity Price Trends
76
.34
77
.46
70
.35
65
.75
66
.10
65
.04
64
.56
67
.15 68
.44
73
.41
73
.26
69
.15
76
.16
88
.22
60.0
65.0
70.0
75.0
80.0
85.0
90.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb
2018 2019
US$
/dm
tu
Iron Ore
818.0
802.1
818.3
826.7
802.5
806.9
845.9
863.7
817.6
831.8
848.4
854.1
790.0
800.0
810.0
820.0
830.0
840.0
850.0
860.0
870.0
11 Jan 18 Jan 25 Jan 1 Feb 8 Feb 15 Feb 22 Feb 1 Mar 8 Mar 15 Mar 22 Mar 29 Mar
US
$/o
z
Platinum
350.0
340.0
330.0 330.0
300.0 300.0 300.0
330.0
380.0 380.0 380.0 380.0 380.0 380.0
320.0
310.0
300.0
310.0
290.0 290.0 290.0
310.0
350.0 350.0 350.0 350.0 350.0 350.0
250
270
290
310
330
350
370
390
410
28 Dec 4 Jan 11 Jan 18 Jan 25 Jan 1 Feb 8 Feb 15 Feb 22 Feb 1 Mar 8 Mar 15 Mar22 Mar29 Mar
US
$/m
t
Scrap Iron Scrap Iron/MT (High) Scrap Iron/MT(Low)
75.676.3 76.6 76.3
75.1
73.8
71.6
70.6
69.1 69.1
65.1
67.1
62.0
63.0
64.0
65.0
66.0
67.0
68.0
69.0
70.0
71.0
72.0
73.0
74.0
75.0
76.0
77.0
78.0
11 Jan 18 Jan 25 Jan 1 Feb 8 Feb 15 Feb 22 Feb 1 Mar 8 Mar 15 Mar 22 Mar 29 Mar
US
$/t
Coal
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MITI Weekly Bulletin | www.miti.gov.
MIT
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MES
MITI Deputy Minister at the Jiang Huai Automotive Launch Event 28 March 2019
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MIT
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MITI Deputy Minister at The Launch of The Scania New Truck28 March 2019
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Enumeration Block (EB)An enumeration block (EB) is a land area which is artificially created and consists of specific boundaries. On average, one EB contains about 80 to 120 living quarters with approximately 500 to 600 persons.Source : Population and Demography Source Detail : Census Coverage Evaluation Survey, DOSM
Environment StatisticsStatistics that describe the state and trends of the environment, covering the media of the natural environment (air/climate, water, land/soil), the biota within the media, and human settlements. Environment statistics are integrative in nature, measuring human activities and natural events that affect the environment, the impacts of these activities and events, social responses to environmental impacts, and the quality and availability of natural assets. Broad definitions include environmental indicators, indices and accounting.Source : Environment Source Detail : Compendium of Enviroment Statistics, DOSM
Environmental DegradationDeterioration in environmental quality from ambient concentrations of pollutants and other activities and processes such as improper land use and natural disasters. Source : Environment Source Detail : Compendium of Enviroment Statistics, DOSM
Environmental QualityState of environmental conditions in environmental media, expressed in terms of indicators or indices related to environmental quality standards Source : Environment Source Detail : Compendium of Enviroment Statistics, DOSM
Environmental Quality StandardLimit for environmental disturbances, in particular from ambient concentration of pollutants and wastes, that determines the maximum allowable degradation of environmental media. Source : Environment Source Detail : Compendium of Enviroment Statistics, DOSM
ErosionWearing away and transport of the soil by wind or running water, glaciers or waves. Erosion occurs naturally but is often intensified by human land-clearing activities related to farming, residential or industrial development.Source : Environment Source Detail : Compendium of Enviroment Statistics, DOSM
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