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).

Informations rapides
No 202
Paru le : 06/08/2010
Prochaine parution le : 20/12/2017 at 12:00 - November 2017

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%.

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 75,4 0,9 –11,1 16,4
Brent in € per barrel 58,9 –3,7 –6,8 28,1
Gasoline 687,8 –2,3 –13,2 11,4
Gas Oil 638,7 –2,9 –10,5 19,8
Heavy fuel 404,2 –1,0 –9,1 9,0
Naphta 619,3 –5,0 –15,3 13,4
  • 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 215,3 3,0 0,3 5,8
Tropical beverages 245,2 3,1 5,6 15,7
Oil seeds, vegetable oils 228,4 4,1 2,5 2,9
Cereals 203,9 3,8 –0,4 –10,7
Sugar 216,4 11,5 9,3 –1,1
Beef meat 133,7 –1,4 –11,2 10,1
Industrial raw materials 220,1 1,7 –12,8 31,6
Agricultural raw materials 142,5 0,8 –11,5 36,4
Natural Fibers 169,0 –7,0 –4,2 29,0
Natural rubber 376,1 –2,1 –12,5 57,0
Hides 115,8 –1,0 0,6 53,7
Wood pulp 143,0 0,7 5,7 50,5
Tropical wood 144,8 3,6 6,2 12,9
Sawn softwood 83,5 3,6 –30,1 14,0
Minerals 260,5 2,0 –13,2 30,0
Iron ore 612,7 0,0 0,0 74,7
Non-ferrous metals 225,3 2,7 –15,9 23,9
Precious metals 302,0 –2,7 –2,0 31,9
All commodities 212,9 2,1 –8,6 21,2
  • 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