17 July 2014
2014- n° 165In June 2014, oil prices increased sharply Prices of oil and raw material imports - June 2014
In June, the price of crude oil in euro terms rose sharply (+3.5%) and stood at €82.2 on average per barrel of Brent. Prices of imported commodities except energy in euros climbed slightly (+0.8%), supported by the increase in raw food materials prices (+1.4%).
In June, the price of crude oil in euro terms rose sharply (+3.5%) and stood at €82.2 on average per barrel of Brent. Prices of imported commodities except energy in euros climbed slightly (+0.8%), supported by the increase in raw food materials prices (+1.4%).
Clear rise in oil prices
In June, the price of crude oil from the North Sea (Brent) in dollars rose (+2.4% after +1.1%) on account of high tensions in Irak. In euros, the Brent price increased more sharply (+3.5% after +1.7%).
Prices of industrial raw materials increased slightly
In June, prices of industrial raw materials in euros picked up a little (+0.3% after -0.6% in May). Prices of agricultural raw materials decreased (-0.5% after +0.4%), especially those of sawn softwood (-4.4% after +1.8%) in spite of the continuous rise in tropical wood prices (+1.4% from +1.2%). Prices of natural rubber rose distinctly (+1.3% from -4.6%). Prices of minerals went back up (+0.6% after -0.9%). Prices of non-ferrous metals came up (+2.2% after +1.9%), on account of the recovery in aluminum prices (+6.2% from –3.0%) prompted by a recent rise in bauxite prices. This increase was weakened by the slight drop in copper prices (-0.1% after +3.8%) along with the plunge in nickel prices (-3.5% from +12.6%). Prices of precious metals kept climbing (+1.5% from +0.4%), partly due to the slight increase in gold prices (+0.4% after -0.4%), viewed as safe-haven securities. Conversely, prices of iron ore dipped sharply again (-6.8% from -11.8%), due to a high yield from major industrial firms and stagnant Chinese imports.
Prices of raw food materials kept rising
In June, prices of raw food materials in euros boosted (+1.4% after +0.1%), because of the recurrent increase in beef meat prices (+6.2% after +0.4%). Prices of tropical foodstuffs went up as well (+2.7% from -1.3%). So did cocoa prices (+6.4% after -0.3%), due to a weaker output. However, oil seed and vegetable oil prices declined (-1.4% after +0.9%), on account of a high seasonal supply that met a weaker demand. Prices of cereals dipped again (-0.8% after -1.5%), especially those of maize (-7.7% after -2.1%), as a result of both a better output prospect and a mitigate fear in supply disruption in Ukraine.
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 | 111,8 | 2,4 | 3,7 | 8,8 |
| Brent in € per barrel | 82,2 | 3,5 | 5,5 | 5,5 |
| Gasoline €/L | 0,57 | 5,1 | 8,4 | 3,4 |
| Gas Oil | 670,5 | 1,5 | 2,8 | 1,3 |
| Heavy fuel | 464,6 | 1,1 | 0,3 | 1,0 |
| Naphtha | 700,8 | 2,6 | 6,5 | 9,4 |
- Prices are in euros per tonne unless otherwise specified
- Source : INSEE
tableautabmatprem – 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 | 197,4 | 1,4 | 0,7 | 5,4 |
| Tropical foodstuffs | 177,6 | 2,7 | 1,8 | 27,6 |
| Oil seeds, vegetable oils | 243,3 | –1,4 | 1,4 | –4,3 |
| Cereals | 141,5 | –0,8 | –4,0 | –29,7 |
| Sugar | 141,8 | –0,6 | –0,4 | 0,7 |
| Beef meat | 142,5 | 6,2 | –0,3 | 20,0 |
| Industrial raw materials | 153,9 | 0,3 | 1,5 | –1,9 |
| Agricultural raw materials | 102,9 | –0,5 | –2,5 | 2,0 |
| Natural Fibers | 125,6 | –0,6 | –3,7 | –5,3 |
| Natural rubber | 179,3 | 1,3 | –9,6 | –27,9 |
| Hides | 91,4 | 0,3 | –0,6 | 6,1 |
| Wood pulp | 92,3 | 1,1 | 2,2 | 4,5 |
| Tropical wood | 103,6 | 1,4 | 3,5 | 5,8 |
| Sawn softwood | 86,1 | –4,4 | –9,2 | 5,7 |
| Minerals | 181,4 | 0,6 | 3,0 | –3,2 |
| Iron ore | 505,0 | –6,8 | –15,7 | –21,6 |
| Non-ferrous metals | 147,1 | 2,2 | 8,4 | 1,8 |
| Precious metals | 226,8 | 1,5 | –0,6 | –4,4 |
| All commodities | 163,1 | 0,8 | 1,1 | 1,2 |
- 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
