Global sentiment boosts olein transactions past Rp7 trillion at JFX

Amid geopolitical dynamics, shifts in global supply, and movements in world energy prices, olein transactions recorded a value of more than Rp7.3 trillion throughout June 2026 on the Jakarta Futures Exchange (JFX). Meanwhile, export tin trading also showed strengthening, with transaction values reaching Rp2.6 trillion, reflecting increased market participant activity in responding to price volatility through the exchange mechanism. JFX President Director Yazid Kanca Surya said the increase in trading activity shows that global market dynamics do not always put pressure on business players. “On the contrary, the price changes that occur actually open up space for market participants to manage risk while taking advantage of transaction opportunities through the exchange,” he said. He explained that olein products showed a consistent growth trend throughout June. Trading volume increased for three consecutive weeks, from 6.2 thousand lots in early June to 27 thousand lots in the last week of June. Along with that, the transaction value grew from Rp1.3 trillion to reach Rp2.8 trillion in the final week of June. Overall, olein transactions throughout June reached more than Rp7.3 trillion. The increase in olein transactions, according to him, was influenced by price turmoil occurring in the global energy market. “The easing of the conflict between the United States and Iran as well as the recovery of shipping routes through the Strait of Hormuz pushed a correction in world crude oil prices of around 10 percent. This movement also affected CPO and olein prices, both in international and domestic markets,” he said. Meanwhile, export tin trading became one of the products that recorded a significant increase in the second half of June. After having fallen to 300 tons in the period of 7–13 June, the transaction volume jumped to 795 tons the following week and increased again to 1,280 tons in the period of 21–27 June 2026. In line with that, the transaction value rose from Rp297 billion to Rp736 billion, before reaching Rp1.2 trillion in the last week of June. Yazid continued that the increase in tin transactions was driven by a combination of domestic and global factors. From the domestic side, the increase in transactions was driven by the issuance of Work Plan and Budget permits from several smelters with quite large volumes. “Meanwhile, the correction in world tin prices was utilised by international buyers to obtain tin supplies from Indonesia,” he said. He added that, from a fundamental perspective, the global tin market is still influenced by tight supply due to production disruptions in Myanmar as well as increased demand from the technology industry, including artificial intelligence and semiconductors. In addition, the plan to establish Danantara Sumber Daya Indonesia, which will take a role in commodity export governance, is also starting to become a new sentiment watched by market participants. According to Yazid, customers see olein price fluctuations as an opportunity that can be utilised, both to gain benefits from price movements and as part of a hedging strategy against the risk of price fluctuations. He also emphasised that trading activity during June shows that the exchange mechanism is increasingly relevant amid the fast-moving dynamics of the global commodity market. Meanwhile, digital gold transactions remained dynamic throughout June. The Digital Gold Off Exchange product had recorded a surge in activity in the middle of the month before adjusting again in the final week, while Digital Gold On Exchange transactions experienced an increase in the second week before moving more stably again. “This movement shows that each product has different characteristics in responding to changes in market sentiment, while providing alternative instruments for business players and investors according to their needs and risk management strategies,” said Yazid.