In December 2011, the prices of the imported commodities recordered a further declinePrices of oil and raw material imports - Decembre 2011
In December, the price of oil in dollars fell(-2.4 % after +2.1% in November). It stood at $108.1 per barrel Brent. Meanwhile, the foreign currency prices for non-energy commodities imported into France recordered a further decline (-1.9% after -1.5%). Year-on-year, they edged down by 11.3 %, after increasing by nearly 20% in 2010.
In December, the price of oil in dollars fell (-2.4 % after +2.1% in November). It stood at $108.1 per barrel Brent. Meanwhile, the foreign currency prices for non-energy commodities imported into France recordered a further decline (-1.9% after -1.5%). Year-on-year, they edged down by 11.3 %, after increasing by nearly 20% in 2010.
The prices of oil in dollars folded
In December, the dollar price of oil from the North Sea (Brent) fell (-2.4% after +2.1%). However, in euros, oil prices rose slightly (+0.6 % after +3.3 % in November), due to the depreciation of European currency against the dollar (-3.0%). Over the year, the price of barrel of Brent increased by 17.8% in $ and by 18.4% in €.
Decline in prices of industrial raw material continued
In December, the prices of industrial raw materials in foreign currencies continued to decline (-1.2% after -1.7% in November). On the one hand, the prices of mineral raw materials continued to decline (-1.6% after -0.6% in November). Among the nonferrous metals (-1.2% after -1,6%), the decrease in the prices of aluminium (-2.6%), zinc (-1.1%) and titanium (-5.8%) has been partly offset by an increase in the prices of lead (+1.8 %) and nickel (+1.6 %). The prices of copper have stabilized (+0.2% after +2.8% in November). The prices of precious metals have fallen sharply (-6.3% after -3.92% in November), including silver (-8.1%) and gold (-5.0%).
In the other hand, the prices of agro-industrial raw materials have stabilized (-0.1% after -4.5% in November). The decline of natural rubber prices has significantly reduced (-1.1% after -17.0%) and the price of sawn wood of conifers rebounded (+7.7% after -2.5%). However, he prices of natural textiles fibers continued to decline (-7.2% after –3.8%), especially cotton (-8.1%), as well as those of the pulp and paper (-3.6% after –0.3%).
The prices of raw food materials were down again
In December the prices of raw food materials in foreign currencies declined again (-3.0% after -1.1% in November).
The prices of tropical foodstuff have fallen sharply (-7.2% after -4.3%), including cocoa (-13.7%).
Similarly, the prices of cereals decreased again (-3.9% after +0.5% in November), notably maize (-4.0%) and rice (-3.8%).
tableau tabpetrole – Oil and petroleum products
|of last month||over the last month||over the last 3 months||over the last 12 months|
|Brent in $ per barrel||108,1||–2,4||–2,4||17,8|
|Brent in € per barrel||82,2||0,6||2,2||18,4|
- Prices are in dollars per tonne unless otherwise specified
- Source : INSEE
tableau tabmatprem – Imported raw materials (excluding energy) in domestic currency
|over last month||over the last 3 months||over the last 12 months|
|Oil seeds, vegetable oils||254,4||–0,9||–8,3||–13,3|
|Industrial raw materials||228,7||–1,2||–11,1||–13,0|
|Agricultural raw materials||147,0||–0,1||–8,5||–12,0|
- Source : INSEE
- *The price ot pulp and paper has been revised in November.