Ministry of International Trade & Industry

1 MITI WEEKLY BULLETTIN

MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY Weekly BULLETIN VOLUME 613 25 November 2020 | NO. ISSN :2180-0448 MALAYSIA CONCLUDES APEC 2020 ON A HIGH NOTE

Malaysia successfully concludes APEC 2020 on a high note, with the adoption of the APEC Putrajaya Vision 2040, and the 2020 Kuala Lumpur Declaration on 20th November 2020, at the first ever fully virtual Asia Pacific Economic Cooperation (APEC) Economic Leaders’ Meeting (AELM). The AELM was chaired by The Right Honourable Tan Sri Dato’ Haji Muhyiddin bin Haji Mohd Yassin, Prime Minister of Malaysia. The Meeting was participated by all 21 APEC Economic Leaders.

MEDIA RELEASE The APEC Putrajaya Vision 2040 is set to build on Bogor Goals, which were launched in 1994 and reach maturity this year. Malaysia was the lead penholder for this Vision, which will serve as the primary guiding document for the work in APEC, for the next two decades. This strategic document was a result of Malaysia’s close collaboration with all APEC Economies.

The Putrajaya Vision aspires for an open, dynamic, resilient and peaceful Asia Pacific community by 2040, for the prosperity of all our people and future generations. The Vision also identifies three key economic drivers to achieve this aspiration, namely Trade and Investment; Innovation and Digitalisation; as well as Strong, Balanced, Secure, Sustainable and Inclusive Growth.

MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala Lumpur Tel:+603-8000 8000 Fax: +603-6202 9446 2 MITI WEEKLY BULLETTIN MALAYSIA CONCLUDES APEC 2020 ON A HIGH NOTE (Cont'd) In addition to the Putrajaya Vision, the Leaders also adopted a consensus Declaration, a document that has remained elusive in the past two years. The Prime Minister noted that Senior Officials worked until the eleventh hour to come to an agreement on this Declaration. “This, for me, is a clear demonstration of what we are capable of accomplishing, when we set aside our differences and focus on our shared values”, he said in his speech.

In the Kuala Lumpur Declaration, the Leaders highlighted the need to facilitate equitable access to safe, effective and affordable vaccines. They also noted the importance of a free, open, fair, non-discriminatory, transparent and predictable trade and investment environment to drive economic recovery, and reaffirmed support for the on-going work at the WTO, including through necessary reforms aimed at improving its functioning.

Leaders called for an enabling environment that supports the development of digital economy as well as inclusive economic policies to facilitate post-pandemic regional recovery and growth. They noted the need to advance human resource development and strengthen economic and technical cooperation in order to ensure that affected workers are afforded appropriate support. Leaders expressed hope that new technologies enable the region to handle resources and waste more sustainably, and in a holistic manner. They also made a commitment to support global efforts to tackle climate change, extreme weather and natural disasters.

In his interventions, Tan Sri Muhyiddin Yassin noted the multi-faceted responses that

Media Release have been undertaken in the Asia Pacific, in addressing the COVID-19 pandemic, and navigating the region towards a path of robust and resilient economic recovery. He recognised that APEC has, in its attempt to strike a balance between health priorities and economic needs, introduced stimulus packages, lockdowns and circuit breakers, and more recently, travel bubbles. APEC Economic Leaders also shared their individual policy responses and intervention measures in addressing the challenges brought forth by the pandemic, and underscored the importance of working collaboratively to reopen economic sectors, return people to jobs and reinstating the region to some level of normalcy.

Ministry of International Trade & Industry (MITI) 21 November 2020

2020 Kuala Lumpur Declaration https://www.apec.org/Meeting-Papers/Leaders-Declarations/2020/2020_aelm

APEC Putrajaya Vision 2040 https://www.apec.org/Meeting-Papers/Leaders-Declarations/2020/2020_aelm/Annex-A

MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala Lumpur Tel:+603-8000 8000 Fax: +603-6202 9446 3 MITI WEEKLY BULLETTIN APEC MINISTERIAL MEETING (AMM) CALLS FOR A NEW GLOBAL ECONOMIC ARCHITECTURE

Malaysia successfully concluded the first ever fully virtual Asia Pacific Economic Cooperation (APEC) Ministerial Meeting (AMM), on 16 November 2020. The AMM was chaired by YB Dato’ Seri Mohamed Azmin Ali, the Senior Minister and Minister of International Trade and Industry. Malaysia was represented by YB Datuk Lim Ban Hong, Deputy Minister of International Trade and Industry as well as YB Dato’ Seri Kamarudin Jaffar, Deputy Minister of Foreign Affairs. All APEC Economies participated at the Meeting. The AMM called upon for strengthened solidarity to foster quality growth and enhance the resilience of APEC Economies, in order to navigate the region towards a path of robust economic recovery. Ministers also reaffirmed their support for the World Trade Organisation (WTO), noting that the rules-based multilateral trading system is central to enhance market predictability and business confidence. Dato’ Seri Azmin noted that the COVID-19 pandemic is possibly the harshest economic crisis of modern times. “We have to be realistic and pragmatic in our responses to the current situation. While combatting the pandemic remains a top priority, economic recovery must also be accorded equal attention,” he said. “As the impact on the economy has been severe, APEC member Economies must forge closer collaboration and find long-term and sustainable solutions not just to deal with the current situation, but other future contingencies that may affect us on the global scale,” he added. The AMM noted that the narrative of trade and investment needs to be improved beyond conventional concepts, in order to bring palpable benefits to our people. Dato’ Seri Azmin also recognised that there are now stronger calls for a new global economic architecture, which considers the distributive effects of growth on the prosperity of our people. The need for this new architecture becomes even more pressing now, as the World Bank estimates an additional 150 million people will be pushed into extreme poverty, as a result of the pandemic. Media Release The AMM also underscored the importance of working closely to leverage upon latest cutting edge technology and exploit the advances brought about by digital transformation to facilitate the reopening of economic activities, particularly for the benefit of MSMEs, women, youth and vulnerable groups. A key call for action of the AMM is the need for APEC Economies to come together to ensure equitable access to safe, effective and affordable COVID-19 vaccines. “Further, we should regard the COVID-19 vaccines as public goods that are critical to protect our health,” stressed Dato’ Seri Azmin. In addition to stocktaking the forum’s achievements in 2020, the AMM yesterday also provided guidance on future work, and discussed preparations for the 2020 APEC Economic Leaders’ Meeting, which is slated for 20 November 2020.

Ministry of International Trade & Industry (MITI) 18 November 2020

Joint Ministerial Statement https://www.apec.org/Meeting-Papers/Annual-Ministerial-Meetings/2020/2020_AMM

MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala Lumpur Tel:+603-8000 8000 Fax: +603-6202 9446 4 MITI WEEKLY BULLETTIN

LABOUR PRODUCTIVITY, 3RD QUARTER 2020 Malaysia Statistics Malaysia

Source: Department of Statistics, Malaysia

MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala Lumpur Tel:+603-8000 8000 Fax: +603-6202 9446 5 MITI WEEKLY BULLETTIN

EMPLOYMENT, 3RD QUARTER 2020 Malaysia Statistics Malaysia

Source: Department of Statistics, Malaysia

MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala Lumpur Tel:+603-8000 8000 Fax: +603-6202 9446 6 MITI WEEKLY BULLETTIN

VITAL STATISTICS, MALAYSIA, 2020 Malaysia Statistics Malaysia

MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala Lumpur Tel:+603-8000 8000 Fax: +603-6202 9446 7 MITI WEEKLY BULLETTIN

VITAL STATISTICS BY STATE, 2020 Malaysia Statistics Malaysia

MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala Lumpur Tel:+603-8000 8000 Fax: +603-6202 9446 8 MITI WEEKLY BULLETTIN THE WORLD'S LARGEST EXPORTER OF HYDROCARBONS IN GASEOUS STATE, n.e.s (EXCLUDING NATURAL GAS) In 2019, Malaysia’s export of Hydrocarbons in gaseous state, n.e.s. (excluding natural gas) recorded US$ 404.81 Million which was 52.5 % share of the world exports. International Merchandise Trade Merchandise International

Source: https://www.trademap.org/index.aspx

MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala Lumpur Tel:+603-8000 8000 Fax: +603-6202 9446 9 MITI WEEKLY BULLETTIN Number and FOB Value of PCO as at 15 November 2020 Weekly / Monthly/ Annually

Weekly

Total No of CO Total FOB (RM mil) 70,000 350,000.0

60,000 300,000.0

50,000 250,000.0

40,000 200,000.0

30,000 RM150,000.0 mil.

20,000 100,000.0

10,000 50,000.0

0 0.0 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46

2020 2020 TOTAL BILATERAL TOTAL REGIONAL TOTAL BILATERAL TOTAL REGIONAL

Monthly

Total No of CO Total FOB (RM mil) 400,000.0 60,000 350,000.0 50,000 300,000.0

40,000 250,000.0

30,000 200,000.0 RM mil. 150,000.0 20,000 100,000.0 10,000 50,000.0

0 0.0 Jan Feb Mar Apr May June Jul Aug Sep Oct Jan Feb Mar Apr May June Jul Aug Sep Oct 2020 2020 TOTAL BILATERAL TOTAL REGIONAL TOTAL BILATERAL TOTAL REGIONAL

Annually

Total No of CO Total FOB (RM mil) 1,000,000 600,000.0

900,000 500,000.0 800,000

700,000 400,000.0 600,000

500,000 300,000.0 RM mil. 400,000 200,000.0 300,000

200,000 100,000.0 100,000

0 0.0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2012 2013 2014 2015 2016 2017 2018 2019 2020 (Jan-Oct) (Jan-Oct)

TOTAL BILATERAL TOTAL REGIONAL TOTAL BILATERAL TOTAL REGIONAL

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

MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala Lumpur Tel:+603-8000 8000 Fax: +603-6202 9446 10 MITI WEEKLY BULLETTIN Regional FTA Number and Value of Preferential Certificates of Origin (PCOs)

ASEAN Trade in Goods Agreement (ATIGA) ASEAN-China Free Trade Agreement (ACFTA) 350,000 35,000 4,500 8,000

4,000 300,000 30,000 7,000 3,500 6,000 250,000 25,000 3,000 5,000 200,000 20,000 2,500 4,000 RM mil.RM 150,000 15,000 mil.RM 2,000 3,000 1,500 100,000 10,000 2,000 No.of Certificate ofOrigin No.of Certificate ofOrigin 1,000 50,000 5,000 500 1,000

0 0 0 0 6 Sep 6 Sep 4 Oct 4 Oct 1 Nov 8 Nov 1 Nov 8 Nov 13 Sep 20 Sep 27 Sep 13 Sep 20 Sep 27 Sep 11 Oct 18 Oct 25 Oct 11 Oct 18 Oct 25 Oct 15 Nov 15 Nov 30 Aug 30 Aug

Total FOB (RM mil.) Total CO Total FOB (RM mil.) Total CO

ASEAN-Korea Free Trade Agreement (AKFTA) ASEAN-Japan Comprehensive Economic Partnership (AJCEP) 1,200 3,500 600 1,200

3,000 1,000 500 1,000

2,500 800 400 800

2,000 600 300 600 RM mil.RM 1,500 mil.RM

400 200 400 1,000 No.of Certificate ofOrigin No.of Certificate ofOrigin 200 200 500 100

0 0 0 0 6 Sep 6 Sep 4 Oct 4 Oct 1 Nov 8 Nov 1 Nov 8 Nov 13 Sep 20 Sep 27 Sep 13 Sep 20 Sep 27 Sep 11 Oct 18 Oct 25 Oct 11 Oct 18 Oct 25 Oct 15 Nov 15 Nov 30 Aug 30 Aug

Total FOB (RM mil.) Total CO Total FOB (RM mil.) Total CO

ASEAN-India Free Trade Agreement (AIFTA) ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA) 700 2,500 6,000 4,000

3,500 600 5,000 2,000 3,000 500 4,000 2,500 1,500 400 3,000 2,000 RM mil.RM RM mil.RM 300 1,000 1,500 2,000 200 1,000 No.of Certificate ofOrigin 500 No.of Certificate ofOrigin 1,000 100 500

0 0 0 0 6 Sep 6 Sep 4 Oct 4 Oct 1 Nov 8 Nov 1 Nov 8 Nov 13 Sep 20 Sep 27 Sep 13 Sep 20 Sep 27 Sep 11 Oct 18 Oct 25 Oct 11 Oct 18 Oct 25 Oct 15 Nov 15 Nov 30 Aug 30 Aug

Total FOB (RM mil.) Total CO Total FOB (RM mil.) Total CO

ASEAN-Hong Kong, China Free Trade Agreement (AHKFTA) Generalised System of Preferences (GSP) 2 9 80 900

800 1 8 70

7 700 1 60 600 6 1 50 500 5 1 40 400 RM mil.RM RM mil.RM 4 300 1 30 3 200 0 20 No.of Certificate ofOrigin 2 No.of Certificate ofOrigin 100 0 10 1 0

0 0 0 -100 6 Sep 6 Sep 4 Oct 4 Oct 1 Nov 8 Nov 1 Nov 8 Nov 13 Sep 20 Sep 27 Sep 11 Oct 18 Oct 25 Oct 13 Sep 20 Sep 27 Sep 11 Oct 18 Oct 25 Oct 15 Nov 15 Nov 30 Aug 30 Aug

Total FOB (RM mil.) Total CO 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. Note: *Provisional Data Source: Ministry of International Trade and Industry, Malaysia

MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala Lumpur Tel:+603-8000 8000 Fax: +603-6202 9446 11 MITI WEEKLY BULLETTIN Bilateral FTA Number and Value of Preferential Certificates of Origin (PCOs)

Malaysia-Japan Economic Partnership Agreement (MJEPA) Malaysia-Pakistan Closer Economic Partnership Agreement 1,200 7,000 400 (MPCEPA) 1,200

6,000 350 1,000 1,000 300 5,000 800 800 250 4,000 600 200 600 RM mil.RM RM mil.RM 3,000 150 400 400 2,000 100 No.of Certificate ofOrigin No.of Certificate ofOrigin 200 200 1,000 50

0 0 0 0 6 Sep 6 Sep 4 Oct 4 Oct 1 Nov 8 Nov 1 Nov 8 Nov 13 Sep 20 Sep 27 Sep 13 Sep 20 Sep 27 Sep 11 Oct 18 Oct 25 Oct 11 Oct 18 Oct 25 Oct 15 Nov 15 Nov 30 Aug 30 Aug

Total FOB (RM mil.) Total CO Total FOB (RM mil.) Total CO

Malaysia-New Zealand Free Trade Agreement (MNZFTA) Malaysia-Chile Free Trade Agreement (MCFTA) 0.70 10 50 250

9 45 0.60 8 40 200

0.50 7 35

6 30 150 0.40 5 25 RM mil.RM 0.30 mil.RM 4 20 100

0.20 3 15 No.of Certificate ofOrigin 2 10 50 No.of Certificate ofOrigin 0.10 1 5

0.00 0 0 0 6 Sep 6 Sep 4 Oct 4 Oct 1 Nov 8 Nov 1 Nov 8 Nov 13 Sep 20 Sep 27 Sep 13 Sep 20 Sep 27 Sep 11 Oct 18 Oct 25 Oct 11 Oct 18 Oct 25 Oct 15 Nov 15 Nov 30 Aug 30 Aug

Total FOB (RM mil.) Total CO Total FOB (RM mil.) Total CO

Malaysia-India Comprehensive Economic Cooperation Agreement Malaysia-Australia Free Trade Agreement (MAFTA) 400 (MICECA) 1,600 600 1,400

350 1,400 1,200 500 300 1,200 1,000 400 250 1,000 800 200 800 300 RM mil.RM RM mil.RM 600 150 600 200 400 100 400 No.of Certificate ofOrigin No.of Certificate ofOrigin 100 50 200 200

0 0 0 0 6 Sep 6 Sep 4 Oct 4 Oct 1 Nov 8 Nov 1 Nov 8 Nov 13 Sep 20 Sep 27 Sep 13 Sep 20 Sep 27 Sep 11 Oct 18 Oct 25 Oct 11 Oct 18 Oct 25 Oct 15 Nov 15 Nov 30 Aug 30 Aug

Total FOB (RM mil.) Total CO Total FOB (RM mil.) Total CO

Malaysia-Turkey Free Trade Agreement (MTFTA) 1,200 1,200

1,000 1,000

800 800

600 600 RM mil.RM

400 400 No.of Certificate ofOrigin 200 200

0 0 6 Sep 4 Oct 1 Nov 8 Nov 13 Sep 20 Sep 27 Sep 11 Oct 18 Oct 25 Oct 15 Nov 30 Aug

Total FOB (RM mil.) Total CO Note: *Provisional Data Source: Ministry of International Trade and Industry, Malaysia

MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala Lumpur Tel:+603-8000 8000 Fax: +603-6202 9446 12 MITI WEEKLY BULLETTIN Malaysian Ringgit Exchange Rate with Selected Countries, January 2019 - October 2020 US Dollar Swiss Franc USD 1 = RM CHF 1 = RM

4.41 4.70

4.3553 4.5998 4.36 4.60 4.5498

4.31 4.50

4.26 4.40 RM RM 4.21 4.30

4.1527 4.16 4.20 4.1648 4.1161 4.11 4.10

4.0662 4.06 4.0746 4.00 Jul Jul Jul Jul Jun Jun Jun Jun Apr Apr Apr Apr Jan Jan Jan Jan Feb Feb Sep Sep Feb Feb Sep Sep Oct Oct Oct Oct Mar Mar Mar Mar Nov Nov Aug Aug Dec Aug Aug Dec May May May May 2019 2020 2019 2020 Canadian Dollar Saudi Riyal CAD 1 = RM SAR 100 = RM

3.20 117.0

115.8349 116.0 3.18 3.1725

115.0 3.16 3.1449 114.0 3.14 113.0 3.12 RM RM 112.0 3.10 110.7160 3.0917 111.0

3.08 109.7353 110.0

3.06 109.0 3.0536 108.6445 3.04 108.0 Jul Jul Jul Jul Jun Jun Apr Apr Jun Jun Jan Jan Apr Apr Feb Feb Jan Jan Sep Sep Oct Oct Feb Feb Sep Sep Mar Mar Oct Oct Nov Mar Mar Nov Aug Aug Dec Aug Aug Dec May May May May 2019 2020 2019 2020 New Zealand Dollar Myanmar Kyat NZD 1 = RM MMK 100 = RM

2.85 0.325 0.3220

2.8063 2.7905 2.80 0.315 2.7558

2.75 0.305

2.70 0.295 RM RM 2.65

0.285 2.60 2.5978 0.275 2.55 0.2696

0.2669 2.50 0.265 Jul Jul Jul Jul Jun Jun Jun Jun Apr Apr Apr Apr Jan Jan Jan Jan Feb Feb Feb Feb Sep Sep Sep Sep Oct Oct Oct Oct Mar Mar Mar Mar Nov Nov Aug Aug Aug Aug Dec Dec May May May May 2019 2020 2019 2020

Source : Bank Negara Malaysia

MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala Lumpur Tel:+603-8000 8000 Fax: +603-6202 9446 13 MITI WEEKLY BULLETTIN Commodity Prices

CRUDE PETROLEUM CRUDE PALM OIL (BRENT) -per bbl- Highest -per MT- Highest 2019/2020 2019/2020 03 Jan 2020 : US$68.6 20 Nov 2020 : US$859.7 17 May 2019 : US$72.2 27 Dec 2019 : US$794.5

24 Apr 2020 : US$21.4 8 May 2020 : US$473.0 5.1%* 09 Aug 2019 : US$54.5 1.5%* 26 Jul 2019 : US$488.5 US$45.0 Lowest US$859.7 Lowest 20 Nov 2020 2019/2020 20 Nov 2020 2019/2020

Average Price 2019 i : US$64.2 Average Price 2019 i : US$557.1

RUBBER SMR 20 -per MT- COCOA SMC 2 -per MT- SUGAR -per lbs- 0.4%* 12.1%* 1.7%* US$1,566.0 US$1,601.3 US$15.2 20 Nov 2020 20 Nov 2020 20 Nov 2020

Average Price 2019 i : US$1,414.6 Average Price 2019 i : US$1,592.4 Average Price 2019 i : US¢12.4

COAL -per MT- SCRAP IRON HMS -per MT- %* %* %* US$50.8 US$350.0 US$325.0 20 Nov 2020 (high) (low) 20 Nov 2020 Average Price 2019 i : US$316.9 (high) Average Price 2019 i : US$56.5 Average Price 2019 i : US$291.6(low)

Domestic Prices 20 Nov 2020

Billets Steel Bars (per MT) (per MT) RM1,950- RM2,050 RM2,080 – RM2,180

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 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.

MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala Lumpur Tel:+603-8000 8000 Fax: +603-6202 9446 14 MITI WEEKLY BULLETTIN Commodity Price Trends

Crude Palm Oil Rubber SMR 20 900 1,690

859.7 1,678.5 1,645.0 850 847.1 1,590 1,566.0 826.5 1,572.0 800 781.8 1,515.5 1,551.5

1,490

750 US$/mt 724.3 722.2 US$/mt 1,406.0 739.8 1,425.5 1,374.0 703.2 735.4 1,390 690.8 700 1,357.5 1,367.0 1,341.5 691.7 682.9 1,290 650

600 1,190 4 Sep 11 Sep 18 Sep 25 Sep 2 Oct 9 Oct 16 Oct 23 Oct 30 Oct 6 Nov 13 Nov 20 Nov 4 Sep 11 Sep 18 Sep 25 Sep 2 Oct 9 Oct 16 Oct 23 Oct 30 Oct 6 Nov 13 Nov 20 Nov 2020 2020

Cocoa Pepper 1,700 2,450.0

2,416 2,427 2,400.0 2,410 2,400 2,404 1,650 1,637.3 1,629.3 2,350.0 2,356 1,621.5 1,600 1,601.3 2,300.0

2,250.0 1,569.8 2,258 1,550 US$/mt 2,200.0US$/mt 1,507.3 2,175 1,520.2 1,500 2,150.0 2,156 1,488.8 2,135 2,127 2,100.0 2,122 2,129 1,444.2 1,450 1,443.3 1,428.1 2,050.0 1,424.1 1,400 2,000.0 4 Sep 11 Sep 18 Sep 25 Sep 2 Oct 9 Oct 16 Oct 23 Oct 30 Oct 6 Nov 13 Nov 20 Nov 28 Aug 4 Sep 11 Sep 18 Sep 25 Sep 2 Oct 9 Oct 16 Oct 23 Oct 30 Oct 6 Nov 13 Nov 20 Nov 2020 2020

Sugar Crude Petroleum 15.5 48

15.0 15.2 15.0 46 14.7 14.7 45.0 14.5 14.4 14.4 44 14.0 14.2 43.2 42.9 42.7 42.9 42.8 41.9 42.2 13.5 42 41.8 13.5 13.6 13.4 41.1 US¢/lbs

13.0 US$/bbl 40.6 40.9 40 39.8 39.5 40.3 40.1 39.8 39.3 39.9 12.5 12.6 38 37.5 12.0 37.3 11.9 37.1 37.1 36 11.5 Crude35.8 Petroleum (WTI)/bbl Crude Petroleum (Brent)/bbl 11.0 34 4 Sep 11 Sep 18 Sep 25 Sep 2 Oct 9 Oct 16 Oct 23 Oct 30 Oct 6 Nov 13 Nov 20 Nov 4 Sep 11 Sep 18 Sep 25 Sep 2 Oct 9 Oct 16 Oct 23 Oct 30 Oct 6 Nov 13 Nov 20 Nov 2020 2020

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.

MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala Lumpur Tel:+603-8000 8000 Fax: +603-6202 9446 15 MITI WEEKLY BULLETTIN Commodity Price Trends

Aluminium Copper Nickel 2,200 7,000 19,000

2,100 6,500 17,000 6,714 6,714 6,705 6,705 17,657 17,657

2,000 2,082 6,499 6,499 2,052 2,052 6,439 6,439 6,438 6,438 17,046 17,046 2,030 2,030 2,026 2,026 6,372 6,372 6,300 6,300

6,000 6,251 15,000 1,900 6,220 6,196 6,196 15,749 15,749 1,939 1,939 6,075 6,075 6,077 6,077 6,051 6,051 6,051 6,051 1,920 1,920 6,018 6,018 6,031 6,031 15,239 15,239 15,172 15,172 5,941 5,941 5,939 5,939 14,857 14,857 5,882 5,882 5,860 5,860 1,800 1,871 1,863 1,863 14,538 14,538 1,854 1,854 1,845 1,845 5,757 5,757 5,500 5,755 13,000 5,759 5,759 5,709 5,709 5,688 5,688 13,794 13,794 13,829 13,829 1,806 1,806 1,797 1,797 13,546 13,546 13,507 13,507 1,781 1,781 13,411 13,411 13,402 13,402 US$/ tonne US$/ US$/ tonne US$/ 1,775 1,775 1,773 1,773

1,700 1,771 US$/ tonne US$/ 1,756 1,756 1,754 1,754 13,026 13,026 1,744 1,744 1,741 1,741 1,737 1,737 12,773 12,773 12,727 12,727 12,716 12,716 1,726 1,726 12,685 12,685 12,510 12,510 12,315 12,315

11,000 12,180 5,240 5,240 1,688 1,688 5,000 12,016 12,016 11,944 11,944

1,600 5,183 11,846 11,846 11,804 11,804 1,644 1,644 11,523 11,523 5,058 5,058 11,240 11,240 1,611 1,611 1,500 10,835 1,569 1,569 4,500 9,000

1,400 1,466 1,466 1,460 1,460

4,000 7,000 1,300 Jul Jul Jul Jan Jan Jun Jun Jul Jul Jul Oct Oct Oct Apr Apr Sep Feb Sep Feb Sep Dec Dec Aug Aug Aug Nov Nov Jan Jan Mar Mar Jun Jun Oct Oct Oct Apr Apr May May Sep Feb Sep Feb Sep Dec Dec Aug Aug Aug Nov Nov Mar Mar May May Jul Jul Jul Jan Jan Jun Jun Oct Oct Oct Apr Apr Sep Feb Sep Feb Sep Dec Dec Aug Aug Aug Nov Nov Mar Mar May May 2018 2019 2020 2018 2019 2020 2018 2019 2020

Scrap Iron/MT (High) Coal Scrap Iron 130.0 Iron Ore 59 360 Scrap Iron/MT(Low)

350.0 350.0 350 120.0 57.6

57 123.75

57.0 121.07 119.78 56.7 340 110.0 120.24 56.4 56.1 55 330 108.94

100.0 108.52 320.0 320.0 320.0 320.0 325.0 325.0 103.30 320 90.0 100.15 53 310.0 310.0 95.76 93.65 US$/t

310.0 93.08 310.0 310.0 310.0 93.70 93.07 92.65 US$/mt 310 US$/dmtu 88.99

52.4 88.22 87.68

80.0 88.53 52.0 86.47 51.7 84.73 51 51.4 300 84.98 50.8 300.0 300.0 300.0 50.8 50.8 70.0 76.16 73.41 290 73.26 290.0 290.0 290.0 290.0 69.15

49 68.44 285.0 285.0 285.0 60.0 67.15

280 64.56

50.0 47 270 Jul Jul Jul Jan Jan Jun Jun Oct Oct Oct Apr Apr Sep Feb Sep Feb Sep Dec Dec Aug Aug Aug Nov Nov

4 Sep 11 Sep 18 Sep 25 Sep 2 Oct 9 Oct 16 Oct 23 Oct 30 Oct 6 Nov 13 Nov 20 Nov 4 Sep 11 Sep 18 Sep 25 Sep 2 Oct 9 Oct 16 Oct 23 Oct 30 Oct 6 Nov 13 Nov 20 Nov Mar Mar May May 2020 2020 2018 2019 2020

64.0 Gold 28.0 Silver 1,000.0 Platinum

62.7 980.0 63.0 27.0 27.1 960.0 957.2 61.9 62.6 62.4 26.7 26.9 62.0 938.5 61.8 940.0 26.0 939.6 61.0 61.3 61.2 61.2 920.0 25.7 60.8 906.7 60.5 898.2 894.3 896.0 60.0 60.3 25.0 25.1 24.7 24.8 900.0 891.4 US$/g US$/oz 59.8 US$/oz 899.4 880.0 59.0 24.4 24.4 24.0 24.0 23.6 860.0 869.3 58.0 840.0 848.4 23.0 842.0 23.1 57.0 820.0

56.0 22.0 800.0 4 Sep 11 Sep 18 Sep 25 Sep 2 Oct 9 Oct 16 Oct 23 Oct 30 Oct 6 Nov 13 Nov 20 Nov 4 Sep 11 Sep 18 Sep 25 Sep 2 Oct 9 Oct 16 Oct 23 Oct 30 Oct 6 Nov 13 Nov 20 Nov 4 Sep 11 Sep 18 Sep 25 Sep 2 Oct 9 Oct 16 Oct 23 Oct 30 Oct 6 Nov 13 Nov 20 Nov 2020 2020 2020

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.

MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala Lumpur Tel:+603-8000 8000 Fax: +603-6202 9446 16 MITI WEEKLY BULLETTIN ALL YOU NEED TO KNOW...... NEED TO ALL YOU

For more information, kindly click the following links: https://www.miti.gov.my/index.php/pages/view/industry4WRD?mid=559#tab_547_2202 MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala Lumpur Tel:+603-8000 8000 Fax: +603-6202 9446 17 MITI WEEKLY BULLETTIN ALL YOU NEED TO KNOW...... NEED TO ALL YOU

For more information, kindly click the following links: https://www.miti.gov.my/index.php/pages/view/industry4WRD

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We are doing things differently in today's world. MITI, through our agency, Announcements MATRADE HQ, is organising a virtual exhibition, the first-of-its-kind in Malaysia, called #MyAPEC2020 Exhibition, in conjunction with Malaysia hosting the @APEC 2020. The virtual exhibition, scheduled for Sept 1 to Dec 31, will showcase products and services from Malaysia and other APEC - Asia-Pacific Economic Cooperation member economies. The virtual exhibition is a great platform for APEC economies to expand their outreach and can be accessed through myapec2020.matrade.gov.my or the APEC portal and Matrade website.

MITI Tower, No.7, Jalan Sultan Haji Ahmad Shah . 50480 Kuala Lumpur Tel:+603-8000 8000 Fax: +603-6202 9446 19 MITI WEEKLY BULLETTIN Announcements

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