In September 2012, the price of oil stabilizedPrices 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%).

tabpetrole – Oil and petroleum products

in dollar
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

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

base 100 in 2000
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

G_petrole_ang – Oil

  • Source : INSEE

G_alim_ang – Food

  • Source : InNSEE

G_ensemble_ang – All commodities

  • Source : INSEE

G_indus_ang – Industrial raw materials

  • Source : INSEE