In May 2013, oil prices declined slightlyPrices of oil and raw material imports - May 2013

In May, the crude oil price in euro terms fell slightly (-0.4% after -5.9% in April), reaching € 79.4 per barrel of Brent. Prices of commodities except energy imported into France also receded slightly in euros terms (-0.8% after -3.9% in April).

In May, the crude oil price in euro terms fell slightly (-0.4% after -5.9% in April), reaching € 79.4 per barrel of Brent. Prices of commodities except energy imported into France also receded slightly in euros terms (-0.8% after -3.9% in April).

Small decline in oil prices

In May, the fall in the price of crude oil from the North Sea (Brent) in dollars terms was less pronounced than in April (-0.8% after -5.3%). It stood at $103.0 per barrel. In euros terms, the decrease is slightly weaker (-0.4% after -5.9%), due to a slight decrease of the euro (-0.4% against the dollar).

The decline in prices of imported industrial raw material continued

In May, prices of industrial raw materials in euros terms continued to decline (-3.2% after -4.7% in April). Prices of mineral raw materials decreased again (-3.1% after -5.0%). Prices of non-ferrous metals slumped (-1.0% after –5.3%). In particular, prices of aluminum (–1.0%), nickel (–4.0%), zinc (-0.9%) and titanium (-3.0%) declined. Prices of precious metals also declined (–4.4% after –8.9%). This decrease affected mainly the prices of silver (-8.3%) and gold (-4.5%). There was a small decline in prices of platinum (-0.6%), while prices of palladium (+3.3%) recovered as a result of an increased world’s demand. Eventually, the fall in the price of iron ore has been very high (–9.4% after –2.3%).

Moreover, prices of agro-industrial raw materials decreased sharply again in May (-3.8%). In particular, prices of sawn softwood (-14.0%) dropped significantly, while those of tropical sawn wood (+0.2%) and wood pulp (+1.6%) continued to rise. Prices of natural textile fibers were slightly up (+0.2%), especially because of the rebound in cotton prices (+0.3% after -2.4%).

The prices of raw food materials rebounded

In May, prices of raw food materials in euros terms rose again (+3.4% after -2.6%). Prices of oilseeds recovered strongly (+5.8% after –3.2%) due to an increase of soybean meal (+5.8%) and soybeans (+5.2%) prices, which are driven up by concerns over the production in the United States. Prices of tropical foodstuff (+1.2% after +1.0%)

also continued to rise. In particular, there was a further increase in cocoa prices (+2.7% after +5.9%). Meanwhile, prices of cereals rebounded (+1.5% after -5.8%), due to an increase in the price of corn (+4.0% after –11%). Prices of meat (+3.3%) also increased. However, prices of sugar fell again (-3.2% after –3.8%), due to better production prospects in Brazil.

tabpetrole – Oil and petroleum products

in euros
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 103.0 –0.8 –11.5 –7.6
Brent in € per barrel 79.4 –0.4 –8.9 –8.9
Gasoline €/L 0.56 1.0 –7.6 –5.8
Gas Oil 662.8 –0.1 –11.2 –9.2
Heavy fuel 462.6 2.0 –7.4 –12.5
Naphtha 639.4 1.6 –13.3 –7.2
  • Prices are in euros per tonne unless otherwise specified
  • Source : INSEE

tabmatprem – 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 191.0 3.4 4.0 –1.3
Tropical foodstuff 148.7 1.2 3.6 –8.7
Oil seeds. vegetable oils 248.3 5.8 3.9 5.5
Cereals 207.0 1.5 –1.5 –5.4
Sugar 147.3 –3.2 –3.6 –16.9
Beef meat 124.5 3.3 8.8 1.3
Industrial raw materials 164.9 –3.2 –9.8 –9.3
Agricultural raw materials 106.3 –3.8 –4.2 –4.7
Natural Fibers 134.3 0.1 4.3 1.6
Natural rubber 274.0 0.8 –15.1 –26.8
Hides 88.2 0.0 2.7 14.6
Wood pulp 89.1 1.6 5.1 –0.7
Tropical wood 98.2 0.2 1.7 –7.9
Sawn softwood 90.9 –14.0 –11.7 5.4
Minerals 196.9 –3.1 –11.5 –10.6
Iron ore 707.3 –9.4 –17.5 –10.3
Non-ferrous metals 149.7 –1.0 –9.4 –10.7
Precious metals 254.8 –4.4 –13.4 –11.5
All commodities 167.5 –0.8 –4.9 –6.3
  • 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