The commodities prices rebounded in JulyPrices of oil and raw material imports - July 2010
In July, the price of oil rebounded (+0.9% after -1.3% in June) and stood on average at $ 75.4 per barrel. Prices for non-energy commodities imported by France also rebounded (+2.1% in foreign currencies, after -4.5% in June).
In July, the price of oil rebounded (+0.9% after -1.3% in June) and stood on average at $ 75.4 per barrel.
Prices for non-energy commodities imported by France also rebounded (+2.1% in foreign currencies, after -4.5% in June).
The price of oil recovered
In July, the dollar price of oil from the North Sea (Brent) increased (+0.9% after -1.3% in June). Conversely, in euros, the price decreased (-3.7 %) due to the appreciation of euro vis-à-vis the dollar (+4.7 %).
The Prices of industrial raw materials bounced
In July, the prices of industrial raw materials in foreign currencies rebounded (+1.7% after -5.8% in June). On the one hand, the prices of mineral materials increased (+2.0%). The prices of non-ferrous metals have almost all increased (+2.7%), including those of lead (+7,8%), zinc (+5.7%) and copper (+3.6%), while the titanium was depreciated (-5.6%). In contrast, the prices of precious metals all declined (-2.7%), including gold (-3.2%) and silver (-2.7 %).
On the other hand, the prices of agricultural raw materials stabilized (+ 0.8% after -7.0 % in June) : the increases in the prices of sawn softwood (+3.6%) and sawn timber tropical (+3.6%) were compensated by declines in cotton (-8.4%), natural fiber textiles (-7.0%) and natural rubber (-2.1%).
The prices of raw food materials were rebounding
In July, the prices of raw food in foreign currencies have rebounded (+3.0% after -1.8% in June). The prices of oilseeds, vegetable oils increased by 4.1%, mainly soybeans (+6.3% for soya bean and +6.2% for soybean meal). The prices of cereals rose 3.8%, including corn (+8.1%). The prices of tropical beverages increased by 3.1%, in particular that of coffee prices (+9.3% for robusta and +8.5% for arabica). The sugar prices continued to rise (+11.5% after +8.3 % in June) due to sustained demand in South-East Asia while the Brazilian production reached a plateau. In contrast, the price of beef meat has fallen by 1.4%.
tableau tabpetrole – Oil and petroleum products
|of last month||over the last month||over the last 3 months||over the last 12 months|
|Brent in $ per barrel||75,4||0,9||–11,1||16,4|
|Brent in € per barrel||58,9||–3,7||–6,8||28,1|
- Prices are in dollars per tonne unless otherwise specified
- Source : INSEE
tableau tabmatprem – Imported raw materials (excluding energy) in domestic currency
|over last month||over the last 3 months||over the last 12 months|
|Oil seeds, vegetable oils||228,4||4,1||2,5||2,9|
|Industrial raw materials||220,1||1,7||–12,8||31,6|
|Agricultural raw materials||142,5||0,8||–11,5||36,4|
- Source : INSEE