12 October 2012
2012- n° 255In September 2012, the price of oil stabilized Prices of oil and raw material imports - September 2012
In September, the oil price in dollars sharply slowed down (+0.9% after +9.9% in August). It stood at $113.4 per barrel of Brent. On the contrary, the prices in foreign currencies of commodities except energy imported into France rebounded (+2.6% after -0.4 in August).
In September, the oil price in dollars sharply slowed down (+0.9% after +9.9% in August). It stood at $113.4 per barrel of Brent. On the contrary, the prices in foreign currencies of commodities except energy imported into France rebounded (+2.6% after -0.4 in August).
The increase of the oil prices brohe off
In September, the price in dollar of the barrel of oil from the North Sea (Brent) sharply slowed down (+0.9% after +9.9%). In euros, the price of the barrel even decreased (-2.8% after +8.8 %), due to the appreciation of the euro against the dollar (+3.7%).
The prices of the industrial raw material recovered
In September, the prices in foreign currencies of industrial raw materials increased again (+4.5% after -3.4% in August). Indeed, the prices of mineral raw materials strongly recovered (+6.9% after -4.1%). The prices of nonferrous metals grew in a steady way (+9.6% after -2.0%), especially copper (+7,7%), aluminium (+11.7%), nickel (+10.0%) and zinc (+10.8%), following the announcement of measures supporting activity in China. Also, the prices of precious metals accelerated (+11.3% after +2.9%), in particular those of silver (+17.1%), platinum (+12.0%) and gold (+7.3%).
On the contrary, the price’s drop of agricultural raw materials continued (-2.1% after –1.5%). The prices of sawn softwood of conifers (-4.5%), of wood pulp (-3.1%) and natural textile fibers (-0.5%) receded. However, the prices of natural rubber recovered (+3.7%), due to the restricting exports measures decided by the three main producing countries, Thailand, Malaysia and Indonesia.
The prices of raw food materials stabilized
In September, the prices in foreign currencies of raw food materials stabilized (-0.1% after +4.4% in August). The prices of oilseeds fell (-1.8%), mainly those of soya meal (-6.3%) and palm oil (-5.4%). Also, the prices of sugar registered a new reduction (-5.2% after –9.8%), penalized
by the surplus supply on the world market. The prices of cereals folded (-1.1% after +1.7%), in particular those of corn (-5.0%). The prices of tropical foodstuffs continued to grow (+3.1% after 3.0%), in particular those of cocoa (+4.8%) and arabica (+3.7%).
tableautabpetrole – 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 | 113.4 | 0.9 | 17.6 | 2.4 |
| Brent in € per barrel | 88.1 | –2.8 | 14.5 | 9.5 |
| Gasoline in $per litter | 0.86 | 7.9 | 24.6 | 15.7 |
| Gas Oil | 986.0 | 2.2 | 16.9 | 5.3 |
| Heavy fuel | 700.4 | 1.3 | 17.4 | 9.0 |
| Naphta | 967.5 | 3.6 | 32.2 | 2.4 |
- Prices are in dollars per tonne unless otherwise specified
- Source : INSEE
tableautabmatprem – Imported raw materials (excluding energy) in domestic currency
| Index | Changes (%) | |||
|---|---|---|---|---|
| over the last month | over the last 3 months | over the last 12 months | ||
| Food total | 286.3 | –0.1 | 12.2 | 8.5 |
| Tropical foodstuff | 241.0 | 3.1 | 11.4 | –12.9 |
| Oil seeds, vegetable oils | 381.7 | –1.8 | 22.1 | 38.2 |
| Cereals | 317.1 | –1.1 | 6.3 | 2.2 |
| Sugar | 239.0 | –5.2 | –4.8 | –29.7 |
| Beef meat | 166.6 | 1.0 | –0.3 | 5.9 |
| Industrial raw materials | 241.8 | 4.5 | –0.1 | –16.0 |
| Agricultural raw materials | 138.2 | –2.1 | –4.4 | –13.9 |
| Natural Fibers | 173.0 | –0.5 | 0.4 | –28.6 |
| Natural rubber | 340.8 | 3.7 | –7.8 | –39.2 |
| Hides | 107.7 | –0.5 | 2.2 | 4.6 |
| Wood pulp | 116.9 | –3.1 | –6.4 | –17.0 |
| Tropical wood | 145.2 | 2.5 | 1.8 | –7.7 |
| Sawn softwood | 115.1 | –4.5 | –1.3 | 18.1 |
| Minerals | 298.2 | 6.9 | 1.4 | –16.7 |
| Iron ore | 799.0 | –7.7 | –26.1 | –43.9 |
| Non-ferrous metals | 237.2 | 9.6 | 7.5 | –9.2 |
| Precious metals | 450.3 | 11.3 | 13.1 | –6.3 |
| All commodities | 247.5 | 2.6 | 4.5 | –7.7 |
- Source: INSEE
graphiqueG_petrole_ang – Oil
- Source : INSEE
graphiqueG_alim_ang – Food
- Source : InNSEE
graphiqueG_ensemble_ang – All commodities
- Source : INSEE
graphiqueG_indus_ang – Industrial raw materials
- Source : INSEE
Pour en savoir plus
Time series : Raw materials prices
