The commodities prices slowed in SeptemberPrices of oil and raw material imports - September 2010

In September, the price of oil has slowed (+0.9% after +2.2% in August) and reached $ 77.8 per barrel of Brent. Meanwhile, the prices for non-energy commodities im-ported by France have also slowed (+3.4% in foreign cur-rencies, after +4.5% in August).

Informations rapides
No 246
Paru le : 08/10/2010

In September, the price of oil has slowed (+0.9% after +2.2% in August) and reached $ 77.8 per barrel of Brent.

Meanwhile, the prices for non-energy commodities imported by France have also slowed (+3.4% in foreign currencies, after +4.5% in August).

The price of oil slowed

In September, the dollar price of oil from the North Sea (Brent) was lower than in August (+0.9% after +2.2%). In euros, the prices of oil fell slightly (-0.5%), due to the appreciation of the euro vis-à-vis the dollar (+1.4 %).

The Prices of industrial raw materials also slowed

In September, the prices of industrial raw materials in foreign currencies have slowed (+3.5% after +5.0% in August). On the one hand, the increase in the prices of mineral materials has restrained (+3.4% after +6.3%). Indeed, the prices of nonferrous metals have slowed (+3.9% after +7.9% in August), notably aluminium (+2.1% after +6.5%) and titanum (+1.1% after +5.9%). In contrast, the prices of the precious metals have accelerated (+6.0% after 2.1%), including silver (+11.9% after 2.2%), gold (+4.5% after +1.9%) and platinum (+3.3% after +1.0%). The prices of palladium has also accelerated (+10.1% after +7.6%), due to social tensions in South-Africa.

On the other hand, the prices of agricultural raw materials have accelerated (+3.8% after +1.3%) reflecting the rebound in natural fibers textiles prices (+14.4% after +6.3%) and acceleration of the prices of natural rubber (+8.2% after +4.4%) and coniferous sawn timber (+5.5% after +2.2%).

The prices of raw food materials continued to increase

In September, the prices of raw food in foreign currencies continued to rise (+3.3% after +3.6% in August). Cereals prices have accelerated sharply (+10.5% after 4.8%), including corn (+18.2% after 9.0%), in the wake of high inflation in wheat’s price. The prices of sugar soared (+23.4%) due to lower production in Brazil. The prices of oilseeds, vegetable oils have slowed (+3.6% after +6.3%), including palm oil (+1.1% after +11.6%) and olive oil (-0.1% after +2.7%). Finally, the prices of tropical beverages have declined (-1.4%) due to the decrease in cocoa prices (-5.0%) and robusta (-2.5%).

tabpetrole – Oil and petroleum products

in dollar
Oil and petroleum products
Prices Change (%)
of last month over the last month over the last 3 months over the last 12 months
Brent in $ per barrel 77.8 0.9 4.0 15.2
Brent in € per barrel 59.4 –0.5 –2.9 28.1
Gasoline 706.1 0.9 0.3 9.9
Gas Oil 672.5 3.3 2.2 21.0
Heavy fuel 418.6 –1.3 2.5 6.1
Naphta 675.6 2.4 3.6 13.9
  • Prices are in dollars per tonne unless otherwise specified
  • Source : INSEE

tabmatprem – Imported raw materials (excluding energy) in domestic currency

base 100 in 2000
Imported raw materials (excluding energy) in domestic currency
Index Changes (%)
over last month over the last 3 months over the last 12 months
Food total 230.6 3.3 10.3 7.9
Tropical beverages 239.6 –1.4 0.8 2.1
Oil seeds. vegetable oils 251.6 3.6 14.7 12.6
Cereals 236.2 10.5 20.3 8.1
Sugar 291.2 23.4 50.0 6.6
Beef meat 139.4 0.9 2.8 13.1
Industrial raw materials 330.3 3.5 12.4 76.1
Agricultural raw materials 149.7 3.8 5.9 33.8
Natural Fibers 204.8 14.4 12.7 53.4
Natural rubber 424.6 8.2 10.5 45.2
Hides 111.0 –2.9 –5.1 32.7
Wood pulp 141.7 0.3 –0.2 36.6
Tropical wood 145.6 –1.8 4.2 11.5
Sawn softwood 90.0 5.5 11.7 24.4
Minerals 412.0 3.4 14.8 78.9
Iron ore 712.1 0.0 16.2 103.1
Non-ferrous metals 398.2 3.9 15.2 69.6
Precious metals 326.8 6.0 5.3 29.0
All commodities 269.0 3.4 11.7 52.4
  • Source : INSEE

G_petrole_ang – Oil

G_alim_ang – Food

  • Source : INSEE
  • Source : INSEE

G_ensemble_ang – All commodities

  • Source : INSEE

G_indus_ang – Industrial raw materials

  • Source : INSEE