Global sentiment boosts olein transactions past Rp7 trillion at JFX
Jakarta (ANTARA) – Amid geopolitical dynamics, shifts in global supply and world energy price movements, 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 strengthened, with transaction values reaching Rp2.6 trillion, reflecting increased market participant activity in responding to price volatility through exchange mechanisms.
President Director of the Jakarta Futures Exchange (JFX), Yazid Kanca Surya, said in Jakarta on Thursday that the increase in trading activity showed that global market dynamics do not always put pressure on businesses.
“On the contrary, price movements actually open up room for market participants to manage risk while seizing transaction opportunities through the exchange,” he said.
He explained that the olein product showed consistent growth throughout June. Transaction volume rose for three consecutive weeks, from 6.2 thousand lots at the start of June to 27 thousand lots in the final week of the month.
Alongside this, transaction value grew from Rp1.3 trillion to reach Rp2.8 trillion in the last week of June. Overall, olein transactions throughout June exceeded Rp7.3 trillion.
According to him, the rise in olein transactions was influenced by price turbulence in the global energy market.
“The easing of the conflict between the United States and Iran and the restoration of shipping routes through the Strait of Hormuz drove a roughly 10 per cent correction in world crude oil prices. This movement also affected CPO and olein prices, both in international and domestic markets,” he said.
Meanwhile, export tin trading was among the products recording significant increases in the second half of June. After falling to 300 tonnes in the period 7–13 June, transaction volume jumped to 795 tonnes the following week and rose again to 1,280 tonnes in the period 21–27 June 2026.
In line with this, transaction value increased from Rp297 billion to Rp736 billion, before reaching Rp1.2 trillion in the final week of June, Yazid continued. The increase in tin transactions was driven by a combination of domestic and global factors.
According to him, on the domestic side, the increase was driven by the issuance of Work Plan and Budget (RKAB) approvals for several smelters with fairly large volumes.
“Meanwhile, the correction in world tin prices was used by international buyers to secure tin supplies from Indonesia,” he said.
He added that, fundamentally, the global tin market was still influenced by tight supply due to production disruptions in Myanmar and rising demand from the technology industry, including artificial intelligence (AI) and semiconductors.
In addition, plans to establish Danantara Sumber Daya Indonesia, which will take on a role in commodity export governance, have begun to emerge as a new sentiment being watched by market participants.
According to Yazid, customers viewed olein price turbulence as an opportunity to be exploited, both to benefit from price movements and as part of hedging strategies against price fluctuation risks.
He also affirmed that trading activity during June demonstrated that exchange mechanisms were increasingly relevant amid rapidly changing global commodity market dynamics.
Meanwhile, digital gold transactions remained dynamic throughout June. The Digital Gold Off Exchange product saw a surge in activity mid-month before adjusting again in the final week, while Digital Gold On Exchange transactions increased in the second week before moving more steadily.
“These movements show that each product has different characteristics in responding to changes in market sentiment, while providing alternative instruments for businesses and investors according to their needs and risk management strategies,” said Yazid.