In July 2013, oil prices reboundedPrices of oil and raw material imports - July 2013

In July, the crude oil price in euro terms rebounded (+5.6%), reaching € 82.3 per barrel of Brent. Prices in euros terms of commodities except energy imported into France also increased (+1.3%).

Informations rapides
No 190
Paru le : 14/08/2013
Prochaine parution le : 21/11/2017 at 12:00 - October 2017

In July, the crude oil price in euro terms rebounded (+5.6%), reaching € 82.3 per barrel of Brent. Prices in euros terms of commodities except energy imported into France also increased (+1.3%).

Sharp rebound in oil prices

In July, the price of crude oil from the North Sea (Brent) in dollars terms rebounded strongly (+4.7% after –0.2% in June). It stood at $107.7 per barrel. In euros terms, the increase was accentuated (+5.6% after –1.8% in June), due to a depreciation of the euro (-0.8% against the dollar).

Slight increase in prices of imported industrial raw material

In July, prices of industrial raw materials in euros terms rose slightly (+0.9% after -4.9% in June). Prices of mineral raw materials improved (+0.7% after –4.8%), especially because the prices of iron ores rebounded sharply (+11.7% after –8.9%). In contrast, the decline in prices of non-ferrous metals continued (-1.7% after -3.5%), due to a still weak demand from China (the world’s largest consumer of metals). This is particularly the case of the prices of lead (-1.8%), aluminum (–1.9%), nickel (–3.2%) and titanium (–4.9%). Prices of precious metals also fell (–3.3% after –6.9%), notably those of silver (–5.9%) and gold (-3.4%).

Meanwhile, prices of agro-industrial raw materials rebounded (+1.6% after –5.1% in June). In particular, prices of sawn softwood rose sharply (+5.9%). Prices of hides (+1.2%) and wood pulp (+0.9%) were also up. On the other hand, prices of natural textile fibers continued to drop (-0.4% after -1.3%), despite the slight increase in cotton prices (+0.3%), due to the strong decline in wool prices (-6.6%).

Prices of raw food materials recovered

In July, prices of raw food materials in euros terms recovered (+2.0% after –1.9% in June). Prices of oilseeds continued to rise (+4.1% after +2.6%), due to a further increase in soybean meal prices (+10.2% after +5.0%). Prices of tropical foodstuff (+2.1% after -6.5%) rebounded, especially due to the high increase in robusta prices (+6.4%).

Prices of cocoa and tea also rose (respectively +1.5% and +1.7%). Prices of beef meat rose also slightly (+0.3% after -4.7%). On the other hand, prices of cereals dropped strongly again (-4.3% after –2.8%), especially due to the significant fall in corn prices (-10.3%), due to very favourable weather in the United States. The oversupply on the world market continued to weigh on sugar prices (-0.4% after –4.4%).

tabpetrole – Oil and petroleum products

in euros
Oil and petroleum products
Prices Change (%)
over the last month over the last month over the last 3 months over the last 12 months
Brent in $ per barrel 107.7 4.7 3.7 5.3
Brent in € per barrel 82.3 5.6 3.3 –1.1
Gasoline €/L 0.588 6.9 6.3 –0.8
Gas Oil 696.8 5.3 5.0 –3.8
Heavy fuel 462.6 0.6 2.0 –10.4
Naphtha 670.9 4.8 6.6 0.0
  • Prices are in euros per tonne unless otherwise specified
  • Source : INSEE

tabmatprem_ang – Imported raw materials (excluding energy) in euros

base 100 in 2000
Imported raw materials (excluding energy) in euros
Index Changes (%)
over the last month over the last 3 months over the last 12 months
Food total 191.1 2.0 3.4 –10.4
Tropical foodstuff 141.9 2.1 –3.4 –16.9
Oil seeds. vegetable oils 265.1 4.1 13.0 –6.5
Cereals 192.6 –4.3 –5.5 –18.8
Sugar 140.2 –0.4 –7.9 –32.4
Beef meat 119.1 0.3 –1.2 0.0
Industrial raw materials 158.2 0.9 –7.1 –12.0
Agricultural raw materials 102.4 1.6 –7.3 –7.4
Natural Fibers 132.0 –0.4 –1.6 0.6
Natural rubber 240.8 –3.2 –11.5 –28.0
Hides 87.2 1.2 –1.1 10.6
Wood pulp 89.1 0.9 1.6 –3.8
Tropical wood 96.7 –1.2 –1.2 –9.4
Sawn softwood 86.3 5.9 –18.4 –0.3
Minerals 188.7 0.7 –7.1 –13.3
Iron ore 719.8 11.7 –7.8 –6.6
Non-ferrous metals 142.1 –1.7 –6.1 –14.1
Precious metals 229.6 –3.3 –13.9 –22.0
All commodities 163.4 1.3 –3.2 –11.3
  • Source : INSEE

G_petrole_ang – Oil

  • Source : INSEE

G_alim_ang – Food

  • Source : INSEE

G_ensemble_ang – All commodities

  • Source : INSEE

G_indus_ang – Industrial raw materials

  • Source : INSEE