In April 2011, the price of oil continued to risePrices of oil and raw material imports - April 2011
In April, the price of oil in dollars rose again strongly (+7.9 % after +10,6 % in March) to reach $123.6 per barrel Brent. The foreign currencies prices for non-energy commodities imported in France continued to decline slightly ( 0.2 % après -0.4 % in March).
In April, the price of oil in dollars rose again strongly (+7.9 % after +10,6 % in March) to reach $123.6 per barrel Brent. The foreign currencies prices for non-energy commodities imported in France continued to decline slightly (–0.2 % après -0.4 % in March).
The price of oil continued to grow
In April, the dollar price of oil from the North Sea (Brent) continued to rise (+7.9 % after +10.6 %). In euros, the rise in oil prices was lower (+4.7 %) due to the appreciation of the euro against the dollar (+3,1 %). Over the last three months, the price of oil rose by 28.2 % in dollars and 18.6 % in euros.
Price of industrial raw materials stabilized
In April, prices of industrial raw materials in foreign currencies stabilized (+0.1 % after -0.4 %). The prices of mineral raw materials rebounded (+0.7 % after -0.3%). On the one hand, precious metals rose again (+9.4 % after +7.5 %) due to the rebound in prices of palladium (+1.3 % after -7.3 %) and platinum (+1.4 % after -3.2 %), and acceleration of prices of silver (+17.2 % after +16.4 %). On the other hand, prices of nonferrous metals started to rebound (+1.7 % after -1.4 %), including lead (+4.5%) and aluminium (+4.3 %).
However, the decline in prices of agro-industrial raw materials increased (–1.5 % after -0.7 %). Prices of sawn wood of conifers sharply folded (-10,7 %) as well as prices of natural fiber textiles (–6.1 %), including cotton (-6.9 %).
Lower prices of raw food materials continued
In April, prices of raw food materials in foreign currencies declined again (–0.7 % after –0.4 %). The drop in sugar prices continued (–9.7 % after -11.4 %) and tropical beverages decreased (–3.0 % after +0.8 %), including cocoa (–7.8 %), the resumption of exports in Côte d’Ivoire, which represents about one third of the world cocoa market. Cereals prices rebounded (+2.3 % after –3,6 %), mainly because of higher price of corn (+10.2 %). The drop in stocks in U.S. and poor crop prospects (U.S.A, Argentina and Mexico in particular) suggest waiting a slowdown in the global supply of corn, while the demand remains strong.
tableau tabpetrole – Oil and petroleum products
|over the last month||over the last month||over the last 3 months||over the last 12 months|
|Brent in $ per barrel||123,6||7,9||28,2||45,7|
|Brent in € per barrel||85,5||4,7||18,6||35,3|
- 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 last month||over the last 3 months||over the last 12 months|
|Oil seeds, vegetable oils||293,2||0,5||–2,4||30,4|
|Industrial raw materials||279,7||0,1||2,1||11,7|
|Agricultural raw materials||170,7||–1,5||–2,9||6,7|
- Source : Insee