6 May 2011

2011- n° 117
In April 2011, the price of oil continued to rise Prices 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).

Informations rapides

N^o 117

Paru le :Paru le06/05/2011

Découvrir la collection

Consult
Documentation

Consultation de la publication ou de la documentation qui lui est associée

Sommaire

The price of oil continued to grow
Price of industrial raw materials stabilized
Lower prices of raw food materials continued

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.

tableautabpetrole – Oil and petroleum products

in dollars

Oil and petroleum products (in dollars)
	Prices	Change (%)
	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
Gasoline	1139,9	8,3	36,1	43,8
Gas Oil	1022,8	5,1	27,4	43,4
Heavy fuel	631,3	7,3	31,5	41,9
Naphta	1051,9	7,7	23,5	43,9

Prices are in dollars per tonne unless otherwise specified
Source : Insee

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

base 100 in 2000

Imported raw materials (excluding energy) in domestic currency (base 100 in 2000)
	Index	Changes (%)
	over last month	over last month	over the last 3 months	over the last 12 months
Food total	275,3	–0,7	2,2	28,3
Tropical beverages	302,0	–3,0	7,1	30,0
Oil seeds, vegetable oils	293,2	0,5	–2,4	30,4
Cereals	286,0	2,3	2,9	39,7
Sugar	312,2	–9,7	–20,8	57,7
Beef meat	168,3	1,3	10,4	11,8
Industrial raw materials	279,7	0,1	2,1	11,7
Agricultural raw materials	170,7	–1,5	–2,9	6,7
Natural Fibers	403,1	–6,1	18,5	128,5
Natural rubber	603,9	2,8	–7,0	40,5
Hides	110,1	–1,3	–3,6	–4,3
Wood pulp	146,2	2,9	5,4	8,0
Tropical wood	156,4	1,3	3,8	14,7
Sawn softwood	102,1	–10,7	–14,5	–14,6
Minerals	338,2	0,7	3,9	13,5
Iron ore	588,3	–7,7	–7,7	–4,0
Non-ferrous metals	302,1	1,7	4,5	14,0
Precious metals	471,8	9,4	22,7	56,9
All commodities	267,6	–0,2	2,1	17,4