14 August 2013
2013- n° 190In July 2013, oil prices rebounded Prices 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%).
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%).
tableautabpetrole – 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
tableautabmatprem_ang – 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
graphiqueG_petrole_ang – Oil
- Source : INSEE
graphiqueG_alim_ang – Food
- Source : INSEE
graphiqueG_ensemble_ang – All commodities
- Source : INSEE
graphiqueG_indus_ang – Industrial raw materials
- Source : INSEE
Pour en savoir plus
Time series : Raw materials prices
