Informations Rapides ·
18 October 2024 · n° 259
In September 2024, oil prices fell again sharply Prices of energy and imported raw materials - September 2024
In September 2024, oil prices in euros fell again sharply (‑8.7% over one month after ‑7.0% in August) and gas prices retreated (‑5.6% after +17.8%). Prices in euros for imported raw materials (excluding energy) were stable over one month (after ‑1.1%). Food commodity prices were unchanged over one month (after +0.8%) but rose sharply over one year (+11.5%). Prices of industrial raw materials also held steady over one month (after ‑3.5%) and decreased over one year (‑3.2%). Among strategic raw materials for industry, the price of palladium rebounded strongly (+10.1% after ‑4.8%), while those of lithium (‑4.4% after ‑7.5%) and cobalt (‑5.2% after ‑6.0%) continued to plummet.
In September 2024, oil prices in euros fell again sharply (‑8.7% over one month after ‑7.0% in August) and gas prices retreated (‑5.6% after +17.8%). Prices in euros for imported raw materials (excluding energy) were stable over one month (after ‑1.1%). Food commodity prices were unchanged over one month (after +0.8%) but rose sharply over one year (+11.5%). Prices of industrial raw materials also held steady over one month (after ‑3.5%) and decreased over one year (‑3.2%). Among strategic raw materials for industry, the price of palladium rebounded strongly (+10.1% after ‑4.8%), while those of lithium (‑4.4% after ‑7.5%) and cobalt (‑5.2% after ‑6.0%) continued to plummet.
tableauImported raw materials (excluding energy)
| Price index in foreign currencies | Price index in euros | |
|---|---|---|
| 2024-09 | 137.8 | 154.1 |
| 2024-08 | 136.8 | 154.1 |
| 2024-07 | 136.3 | 155.8 |
| 2024-06 | 140.5 | 162.2 |
| 2024-05 | 142.0 | 163.0 |
| 2024-04 | 142.4 | 164.6 |
| 2024-03 | 134.8 | 154.0 |
| 2024-02 | 131.2 | 151.0 |
| 2024-01 | 130.9 | 149.4 |
| 2023-12 | 131.9 | 150.3 |
| 2023-11 | 130.4 | 149.5 |
| 2023-10 | 126.0 | 147.6 |
| 2023-09 | 126.7 | 147.1 |
| 2023-08 | 125.4 | 142.9 |
| 2023-07 | 127.1 | 143.1 |
| 2023-06 | 125.5 | 143.4 |
| 2023-05 | 124.3 | 141.8 |
| 2023-04 | 129.1 | 146.5 |
| 2023-03 | 128.1 | 148.9 |
| 2023-02 | 129.8 | 151.2 |
| 2023-01 | 128.7 | 149.7 |
| 2022-12 | 124.6 | 147.0 |
| 2022-11 | 120.8 | 147.3 |
| 2022-10 | 121.4 | 152.6 |
| 2022-09 | 124.0 | 155.5 |
| 2022-08 | 130.7 | 161.6 |
| 2022-07 | 130.5 | 159.7 |
| 2022-06 | 138.6 | 164.5 |
| 2022-05 | 142.7 | 169.6 |
| 2022-04 | 151.5 | 178.1 |
| 2022-03 | 152.0 | 175.7 |
| 2022-02 | 142.0 | 159.4 |
| 2022-01 | 136.8 | 153.9 |
| 2021-12 | 131.5 | 148.1 |
| 2021-11 | 126.8 | 141.7 |
| 2021-10 | 130.8 | 144.1 |
| 2021-09 | 128.0 | 138.8 |
| 2021-08 | 132.3 | 143.1 |
| 2021-07 | 134.3 | 144.8 |
| 2021-06 | 135.8 | 144.2 |
| 2021-05 | 138.3 | 145.7 |
| 2021-04 | 129.9 | 138.9 |
| 2021-03 | 122.5 | 131.5 |
| 2021-02 | 119.4 | 126.1 |
| 2021-01 | 116.1 | 121.9 |
| 2020-12 | 112.9 | 118.3 |
| 2020-11 | 104.3 | 112.0 |
| 2020-10 | 100.7 | 108.5 |
| 2020-09 | 100.9 | 108.6 |
| 2020-08 | 98.4 | 105.7 |
| 2020-07 | 92.4 | 102.0 |
| 2020-06 | 90.2 | 101.1 |
| 2020-05 | 88.9 | 102.4 |
| 2020-04 | 84.6 | 97.3 |
| 2020-03 | 88.6 | 100.4 |
| 2020-02 | 91.5 | 106.1 |
| 2020-01 | 94.5 | 108.2 |
| 2019-12 | 93.6 | 106.9 |
| 2019-11 | 91.0 | 104.4 |
| 2019-10 | 89.6 | 102.8 |
| 2019-09 | 90.4 | 104.3 |
| 2019-08 | 90.9 | 103.7 |
| 2019-07 | 97.3 | 110.6 |
| 2019-06 | 95.8 | 108.1 |
| 2019-05 | 93.8 | 106.8 |
| 2019-04 | 95.1 | 108.1 |
| 2019-03 | 93.0 | 105.1 |
| 2019-02 | 93.8 | 105.5 |
| 2019-01 | 90.7 | 101.5 |
| 2018-12 | 89.1 | 99.9 |
| 2018-11 | 91.0 | 102.3 |
| 2018-10 | 92.3 | 103.0 |
| 2018-09 | 89.2 | 98.0 |
| 2018-08 | 90.6 | 100.4 |
| 2018-07 | 93.7 | 103.0 |
| 2018-06 | 98.0 | 107.9 |
| 2018-05 | 98.4 | 107.2 |
| 2018-04 | 97.4 | 102.5 |
| 2018-03 | 97.3 | 101.9 |
| 2018-02 | 98.3 | 102.8 |
| 2018-01 | 97.1 | 102.6 |
| 2017-12 | 94.2 | 102.1 |
| 2017-11 | 94.3 | 103.2 |
| 2017-10 | 93.7 | 102.6 |
| 2017-09 | 95.4 | 103.3 |
| 2017-08 | 96.6 | 105.4 |
| 2017-07 | 94.5 | 105.4 |
| 2017-06 | 91.5 | 104.2 |
| 2017-05 | 91.7 | 106.0 |
| 2017-04 | 92.8 | 110.4 |
| 2017-03 | 97.4 | 116.5 |
| 2017-02 | 97.9 | 117.8 |
| 2017-01 | 95.4 | 114.8 |
| 2016-12 | 93.0 | 112.6 |
| 2016-11 | 91.9 | 108.9 |
| 2016-10 | 86.5 | 100.8 |
| 2016-09 | 85.8 | 98.2 |
| 2016-08 | 87.1 | 99.7 |
| 2016-07 | 87.8 | 101.4 |
| 2016-06 | 85.4 | 97.6 |
| 2016-05 | 83.3 | 94.6 |
| 2016-04 | 83.5 | 94.7 |
| 2016-03 | 80.5 | 92.8 |
| 2016-02 | 76.9 | 88.7 |
| 2016-01 | 75.2 | 88.2 |
| 2015-12 | 76.2 | 89.3 |
| 2015-11 | 77.4 | 92.1 |
| 2015-10 | 80.7 | 92.4 |
| 2015-09 | 81.4 | 93.2 |
| 2015-08 | 82.1 | 94.8 |
| 2015-07 | 83.2 | 97.6 |
| 2015-06 | 86.0 | 99.5 |
| 2015-05 | 86.3 | 100.4 |
| 2015-04 | 84.8 | 101.7 |
| 2015-03 | 85.6 | 102.0 |
| 2015-02 | 88.3 | 101.2 |
| 2015-01 | 91.0 | 101.7 |
| 2014-12 | 93.8 | 99.4 |
| 2014-11 | 96.4 | 101.6 |
| 2014-10 | 97.6 | 101.6 |
| 2014-09 | 98.4 | 100.9 |
| 2014-08 | 101.4 | 100.9 |
| 2014-07 | 102.2 | 100.0 |
| 2014-06 | 101.0 | 98.7 |
| 2014-05 | 103.0 | 99.8 |
| 2014-04 | 106.0 | 102.1 |
| 2014-03 | 104.8 | 100.8 |
| 2014-02 | 103.0 | 100.1 |
| 2014-01 | 101.5 | 98.9 |
| 2013-12 | 101.8 | 98.5 |
| 2013-11 | 101.0 | 99.3 |
| 2013-10 | 100.1 | 97.7 |
| 2013-09 | 100.2 | 99.8 |
| 2013-08 | 101.3 | 101.2 |
| 2013-07 | 100.8 | 102.3 |
| 2013-06 | 99.8 | 100.8 |
| 2013-05 | 101.0 | 103.8 |
| 2013-04 | 102.3 | 104.7 |
| 2013-03 | 103.6 | 106.6 |
| 2013-02 | 105.9 | 106.0 |
| 2013-01 | 104.2 | 104.9 |
graphiqueImported raw materials (excluding energy)
- Source: INSEE.
Oil prices fell again sharply, gas prices retreated
In September 2024, the price in dollars of North Sea crude oil (Brent) continued to fall sharply (‑7.9% after ‑5.6% in August), averaging $74.0 a barrel. In euros, the drop was even more marked (‑8.7% after ‑7.0%), due to the appreciation of the euro against the dollar over the period. Consequently, the price per barrel in euros reached its lowest level since the beginning of 2022. Over one year, it fell by 20.9% in dollars and 23.9% in euros.
The price of natural gas on the European market (TTF) retreated (‑5.6% after +17.8%), averaging €36.2/MWh. Nevertheless, it increased by 5.0% over the quarter. Finally, the price of uranium in euros diminished again (‑1.8% after ‑5.7%), but remained up sharply over one year (+17.7%).
tableauPrices of energy
| Brent in dollars per barrel | Brent in euros per barrel | Natural gas (TTF) in euros per MWh | Uranium in euros per pound | |
|---|---|---|---|---|
| 2024-09 | 74.0 | 66.6 | 36.2 | 72.0 |
| 2024-08 | 80.4 | 73.0 | 38.3 | 73.4 |
| 2024-07 | 85.2 | 78.5 | 32.6 | 77.8 |
| 2024-06 | 82.2 | 76.5 | 34.5 | 79.6 |
| 2024-05 | 81.9 | 75.7 | 32.0 | 84.6 |
| 2024-04 | 89.8 | 83.8 | 28.9 | 82.6 |
| 2024-03 | 85.4 | 78.6 | 26.9 | 81.7 |
| 2024-02 | 83.5 | 77.3 | 25.8 | 93.2 |
| 2024-01 | 80.0 | 73.4 | 29.9 | 91.4 |
| 2023-12 | 77.8 | 71.2 | 36.0 | 79.1 |
| 2023-11 | 82.9 | 76.8 | 45.7 | 71.1 |
| 2023-10 | 90.6 | 85.8 | 47.1 | 67.7 |
| 2023-09 | 93.5 | 87.5 | 36.9 | 61.2 |
| 2023-08 | 86.1 | 78.9 | 35.0 | 52.5 |
| 2023-07 | 80.1 | 72.4 | 29.5 | 50.5 |
| 2023-06 | 74.8 | 69.0 | 32.6 | 52.0 |
| 2023-05 | 75.6 | 69.6 | 31.7 | 49.5 |
| 2023-04 | 84.7 | 77.2 | 42.1 | 46.8 |
| 2023-03 | 78.4 | 73.3 | 44.0 | 47.1 |
| 2023-02 | 82.8 | 77.3 | 52.6 | 47.6 |
| 2023-01 | 82.5 | 76.6 | 63.9 | 45.7 |
| 2022-12 | 81.0 | 76.5 | 116.2 | 45.6 |
| 2022-11 | 91.4 | 89.7 | 119.5 | 49.6 |
| 2022-10 | 93.3 | 95.0 | 135.5 | 51.4 |
| 2022-09 | 89.7 | 90.6 | 203.5 | 49.8 |
| 2022-08 | 100.6 | 99.4 | 236.0 | 47.4 |
| 2022-07 | 111.9 | 109.9 | 172.0 | 46.2 |
| 2022-06 | 122.0 | 115.5 | 108.3 | 46.4 |
| 2022-05 | 113.1 | 106.9 | 94.1 | 47.8 |
| 2022-04 | 104.9 | 96.7 | 101.8 | 54.6 |
| 2022-03 | 117.2 | 106.4 | 131.3 | 49.7 |
| 2022-02 | 96.8 | 85.4 | 81.9 | 38.4 |
| 2022-01 | 86.5 | 76.5 | 85.2 | 39.3 |
| 2021-12 | 74.4 | 65.8 | 114.8 | 39.0 |
| 2021-11 | 81.0 | 71.0 | 82.6 | 40.3 |
| 2021-10 | 83.5 | 72.0 | 91.3 | 37.6 |
| 2021-09 | 74.5 | 63.3 | 66.2 | 36.8 |
| 2021-08 | 70.9 | 60.2 | 44.7 | 27.4 |
| 2021-07 | 75.1 | 63.5 | 36.1 | 27.4 |
| 2021-06 | 73.2 | 60.8 | 29.2 | 26.6 |
| 2021-05 | 68.5 | 56.4 | 25.0 | 25.0 |
| 2021-04 | 64.8 | 54.1 | 20.4 | 24.7 |
| 2021-03 | 65.4 | 55.0 | 17.6 | 24.0 |
| 2021-02 | 62.3 | 51.5 | 17.4 | 24.0 |
| 2021-01 | 54.8 | 45.0 | 20.4 | 24.6 |
| 2020-12 | 50.0 | 41.1 | 16.4 | 24.6 |
| 2020-11 | 42.7 | 36.1 | 13.9 | 25.0 |
| 2020-10 | 40.2 | 34.1 | 14.2 | 25.2 |
| 2020-09 | 40.9 | 34.7 | 11.4 | 25.6 |
| 2020-08 | 44.8 | 37.8 | 8.3 | 26.6 |
| 2020-07 | 43.2 | 37.7 | 5.4 | 28.4 |
| 2020-06 | 40.3 | 35.8 | 5.3 | 29.6 |
| 2020-05 | 29.4 | 27.5 | 4.9 | 31.0 |
| 2020-04 | 18.5 | 16.9 | 6.7 | 28.8 |
| 2020-03 | 31.9 | 28.8 | 8.4 | 22.9 |
| 2020-02 | 55.7 | 51.1 | 9.1 | 22.5 |
| 2020-01 | 63.6 | 57.3 | 11.2 | 22.1 |
| 2019-12 | 67.2 | 60.4 | 14.2 | 22.9 |
| 2019-11 | 63.2 | 57.2 | 15.9 | 22.9 |
| 2019-10 | 59.7 | 54.0 | 15.6 | 22.4 |
| 2019-09 | 62.8 | 57.1 | 13.0 | 23.1 |
| 2019-08 | 59.0 | 53.1 | 11.3 | 22.7 |
| 2019-07 | 63.9 | 57.0 | 11.0 | 22.6 |
| 2019-06 | 64.3 | 56.9 | 10.8 | 21.8 |
| 2019-05 | 71.2 | 63.6 | 13.2 | 21.9 |
| 2019-04 | 71.2 | 63.4 | 14.9 | 22.9 |
| 2019-03 | 66.1 | 58.5 | 15.6 | 23.7 |
| 2019-02 | 64.0 | 56.4 | 18.1 | 25.1 |
| 2019-01 | 59.4 | 52.0 | 21.7 | 25.3 |
| 2018-12 | 56.5 | 49.8 | 23.9 | 25.2 |
| 2018-11 | 64.7 | 57.0 | 24.8 | 25.5 |
| 2018-10 | 81.0 | 70.6 | 26.1 | 24.1 |
| 2018-09 | 78.9 | 67.7 | 27.9 | 23.3 |
| 2018-08 | 72.5 | 62.8 | 23.9 | 22.7 |
| 2018-07 | 74.3 | 63.5 | 22.2 | 20.5 |
| 2018-06 | 74.4 | 63.7 | 21.8 | 19.8 |
| 2018-05 | 76.9 | 65.2 | 21.6 | 18.7 |
| 2018-04 | 72.0 | 58.7 | 19.3 | 16.9 |
| 2018-03 | 66.0 | 53.5 | 18.5 | 17.7 |
| 2018-02 | 65.3 | 52.9 | 18.6 | 17.6 |
| 2018-01 | 69.1 | 56.6 | 18.6 | 19.1 |
| 2017-12 | 64.4 | 54.4 | 20.6 | 20.6 |
| 2017-11 | 62.7 | 53.4 | 19.5 | 19.6 |
| 2017-10 | 57.5 | 48.9 | 17.9 | 17.3 |
| 2017-09 | 55.5 | 46.6 | 17.1 | 17.2 |
| 2017-08 | 51.9 | 44.0 | 15.8 | 17.3 |
| 2017-07 | 49.1 | 42.6 | 14.8 | 17.8 |
| 2017-06 | 47.6 | 42.4 | 14.9 | 17.8 |
| 2017-05 | 51.4 | 46.5 | 15.6 | 19.5 |
| 2017-04 | 53.8 | 50.1 | 16.0 | 21.6 |
| 2017-03 | 52.6 | 49.2 | 16.0 | 23.4 |
| 2017-02 | 56.0 | 52.6 | 19.4 | 23.6 |
| 2017-01 | 55.4 | 52.2 | 19.7 | 21.5 |
| 2016-12 | 54.9 | 52.1 | 17.5 | 18.8 |
| 2016-11 | 47.1 | 43.7 | 18.0 | 17.1 |
| 2016-10 | 51.4 | 46.6 | 16.5 | 19.2 |
| 2016-09 | 47.7 | 42.5 | 12.9 | 22.0 |
| 2016-08 | 46.8 | 41.8 | 12.3 | 23.2 |
| 2016-07 | 45.3 | 41.0 | 14.4 | 23.5 |
| 2016-06 | 48.2 | 43.0 | 14.4 | 24.2 |
| 2016-05 | 46.7 | 41.3 | 13.1 | 24.6 |
| 2016-04 | 41.6 | 36.7 | 12.0 | 25.4 |
| 2016-03 | 38.2 | 34.4 | 12.0 | 26.9 |
| 2016-02 | 32.2 | 29.0 | 12.2 | 30.3 |
| 2016-01 | 30.7 | 28.3 | 13.8 | 32.0 |
graphiquePrices of energy
- Source: INSEE.
tableauEnergy prices
| prices of last month | changes (in %) | |||
|---|---|---|---|---|
| M/M-1 | M/M-3 | M/M-12 | ||
| Brent in $ per barrel | 74.0 | -7.9 | -10.0 | -20.9 |
| Brent in € per barrel | 66.6 | -8.7 | -12.8 | -23.9 |
| Natural gas (TTF) in €/MWh | 36.2 | -5.6 | 5.0 | -1.8 |
| Uranium in €/pound | 72.0 | -1.8 | -9.5 | 17.7 |
- Source: INSEE.
Prices in euros of industrial raw materials held steady
In September 2024, the prices in euros of industrial raw materials stabilised over one month (after ‑3.5% in August) and decreased over one year (‑3.2%).
Prices for minerals were stable overall (after ‑4.3%) but followed contrasting trends: non-ferrous metal prices rebounded (+2.6% after ‑3.8%), as did those for precious metals (+3.5% after ‑0.2%). Conversely, ferrous metal prices fell again (‑7.2% after ‑7.3%). Over a year, prices for mineral materials declined (‑3.6%), driven down by those for ferrous metals (‑24.8%). In contrast, precious metal prices surged by 24.0%.
Prices for agro-industrial raw materials were virtually stable over one month (‑0.2% after +1.3%). Prices for sawn softwood were down (‑1.9% after +6.6%), while those for paper pulp (‑0.6% after ‑0.2%) and hides (‑0.9% after ‑1.5%) decreased again slightly. On the other hand, prices for natural textile fibres picked up (+1.0% after ‑2.7%), as did those for tropical sawn wood (+1.3% after ‑1.0%), and prices for natural rubber accelerated sharply (+8.2% after +4.6%). Over one year, prices for agro-industrial materials declined a little (‑0.7%). Prices for natural textile fibres dropped clearly (‑12.2%). Conversely, those for natural rubber soared (+29.3%).
tableauIndustrial raw materials
| Price index in foreign currencies | Price index in euros | |
|---|---|---|
| 2024-09 | 103.3 | 123.0 |
| 2024-08 | 102.6 | 123.1 |
| 2024-07 | 104.8 | 127.6 |
| 2024-06 | 107.0 | 131.4 |
| 2024-05 | 112.7 | 137.7 |
| 2024-04 | 108.7 | 133.8 |
| 2024-03 | 102.5 | 124.6 |
| 2024-02 | 103.2 | 126.3 |
| 2024-01 | 106.3 | 128.8 |
| 2023-12 | 107.6 | 130.4 |
| 2023-11 | 105.6 | 129.1 |
| 2023-10 | 101.7 | 127.1 |
| 2023-09 | 102.9 | 127.1 |
| 2023-08 | 99.5 | 120.4 |
| 2023-07 | 101.2 | 120.9 |
| 2023-06 | 100.8 | 122.9 |
| 2023-05 | 99.9 | 121.6 |
| 2023-04 | 106.5 | 128.6 |
| 2023-03 | 109.0 | 134.8 |
| 2023-02 | 111.9 | 138.4 |
| 2023-01 | 112.7 | 138.6 |
| 2022-12 | 107.1 | 133.7 |
| 2022-11 | 99.5 | 128.7 |
| 2022-10 | 97.1 | 130.4 |
| 2022-09 | 100.1 | 133.5 |
| 2022-08 | 106.4 | 139.1 |
| 2022-07 | 104.8 | 136.5 |
| 2022-06 | 117.6 | 147.7 |
| 2022-05 | 124.6 | 156.2 |
| 2022-04 | 139.8 | 171.8 |
| 2022-03 | 144.9 | 175.1 |
| 2022-02 | 133.4 | 156.6 |
| 2022-01 | 127.0 | 149.4 |
| 2021-12 | 119.9 | 141.1 |
| 2021-11 | 111.6 | 130.0 |
| 2021-10 | 120.3 | 137.8 |
| 2021-09 | 117.8 | 133.1 |
| 2021-08 | 123.5 | 139.4 |
| 2021-07 | 134.6 | 151.4 |
| 2021-06 | 137.0 | 151.2 |
| 2021-05 | 140.0 | 153.4 |
| 2021-04 | 128.4 | 142.6 |
| 2021-03 | 121.4 | 135.8 |
| 2021-02 | 118.3 | 130.2 |
| 2021-01 | 115.5 | 126.3 |
| 2020-12 | 110.9 | 121.0 |
| 2020-11 | 96.9 | 108.6 |
| 2020-10 | 92.7 | 104.4 |
| 2020-09 | 94.6 | 106.3 |
| 2020-08 | 93.0 | 104.1 |
| 2020-07 | 84.4 | 97.4 |
| 2020-06 | 79.0 | 92.8 |
| 2020-05 | 73.8 | 89.5 |
| 2020-04 | 70.8 | 86.1 |
| 2020-03 | 74.6 | 89.2 |
| 2020-02 | 78.0 | 94.6 |
| 2020-01 | 82.2 | 98.0 |
| 2019-12 | 80.3 | 95.6 |
| 2019-11 | 77.7 | 93.0 |
| 2019-10 | 78.7 | 94.1 |
| 2019-09 | 80.8 | 97.0 |
| 2019-08 | 79.9 | 95.0 |
| 2019-07 | 89.0 | 105.1 |
| 2019-06 | 84.9 | 99.6 |
| 2019-05 | 83.2 | 98.4 |
| 2019-04 | 83.9 | 99.0 |
| 2019-03 | 82.1 | 96.4 |
| 2019-02 | 82.1 | 95.9 |
| 2019-01 | 76.4 | 88.7 |
| 2018-12 | 74.9 | 87.1 |
| 2018-11 | 77.1 | 89.7 |
| 2018-10 | 78.4 | 90.3 |
| 2018-09 | 76.7 | 87.1 |
| 2018-08 | 77.5 | 88.8 |
| 2018-07 | 78.4 | 89.0 |
| 2018-06 | 82.5 | 94.0 |
| 2018-05 | 83.3 | 93.9 |
| 2018-04 | 82.6 | 89.8 |
| 2018-03 | 82.1 | 88.7 |
| 2018-02 | 86.0 | 92.8 |
| 2018-01 | 85.6 | 93.4 |
| 2017-12 | 81.5 | 91.5 |
| 2017-11 | 79.9 | 90.4 |
| 2017-10 | 78.8 | 89.1 |
| 2017-09 | 80.9 | 90.3 |
| 2017-08 | 79.6 | 89.5 |
| 2017-07 | 73.9 | 85.1 |
| 2017-06 | 69.8 | 82.3 |
| 2017-05 | 71.6 | 85.7 |
| 2017-04 | 75.0 | 92.6 |
| 2017-03 | 80.6 | 99.8 |
| 2017-02 | 81.1 | 100.9 |
| 2017-01 | 76.5 | 95.4 |
| 2016-12 | 75.2 | 94.4 |
| 2016-11 | 71.6 | 87.9 |
| 2016-10 | 64.5 | 77.7 |
| 2016-09 | 63.6 | 75.3 |
| 2016-08 | 65.4 | 77.5 |
| 2016-07 | 64.3 | 77.1 |
| 2016-06 | 60.9 | 72.1 |
| 2016-05 | 61.6 | 72.4 |
| 2016-04 | 63.2 | 74.2 |
| 2016-03 | 60.7 | 72.8 |
| 2016-02 | 56.2 | 67.3 |
| 2016-01 | 53.5 | 65.4 |
| 2015-12 | 54.1 | 66.1 |
| 2015-11 | 55.9 | 69.3 |
| 2015-10 | 60.4 | 71.6 |
| 2015-09 | 62.1 | 73.8 |
| 2015-08 | 61.9 | 74.1 |
| 2015-07 | 63.5 | 77.1 |
| 2015-06 | 68.7 | 81.9 |
| 2015-05 | 70.1 | 83.8 |
| 2015-04 | 67.0 | 82.9 |
| 2015-03 | 68.1 | 83.8 |
| 2015-02 | 70.4 | 82.8 |
| 2015-01 | 73.1 | 84.0 |
| 2014-12 | 76.9 | 83.3 |
| 2014-11 | 80.2 | 85.8 |
| 2014-10 | 81.4 | 85.7 |
| 2014-09 | 83.6 | 86.5 |
| 2014-08 | 87.1 | 87.2 |
| 2014-07 | 87.4 | 86.1 |
| 2014-06 | 84.4 | 82.8 |
| 2014-05 | 85.7 | 83.3 |
| 2014-04 | 88.8 | 85.8 |
| 2014-03 | 87.3 | 84.3 |
| 2014-02 | 90.0 | 88.0 |
| 2014-01 | 92.2 | 90.4 |
| 2013-12 | 93.8 | 91.4 |
| 2013-11 | 93.3 | 92.3 |
| 2013-10 | 92.4 | 90.4 |
| 2013-09 | 92.0 | 92.0 |
| 2013-08 | 93.1 | 93.3 |
| 2013-07 | 89.3 | 91.1 |
| 2013-06 | 87.0 | 88.0 |
| 2013-05 | 90.6 | 93.1 |
| 2013-04 | 95.3 | 97.5 |
| 2013-03 | 98.6 | 101.3 |
| 2013-02 | 104.5 | 104.2 |
| 2013-01 | 102.9 | 103.1 |
graphiqueIndustrial raw materials
- Source: INSEE.
The price of palladium rebounded strongly, while those of lithium and cobalt continued to plummet
In September 2024, the price in euros of palladium rebounded strongly (+10.1% after ‑4.8% in August), as did, to a lesser extent, those of silver (+4.1% after ‑5.4%), copper (+2.3% after ‑6.0%) and platinum (+1.3% after ‑4.9%). In contrast, prices of other strategic materials for the industry dropped again: cobalt (‑5.2% after ‑6.0%), lithium (‑4.4% after ‑7.5%), chromium (‑2.1% after ‑1.6%), nickel (‑1.7% after ‑2.4%) and molybdenum (‑0.8% after ‑1.5%).
tableauPrices of strategic materials for the industry
| prices of last month | changes (in %) | |||
|---|---|---|---|---|
| M/M-1 | M/M-3 | M/M-12 | ||
| Silver (cts €/ounce) | 2,701.5 | 4.1 | -1.8 | 24.2 |
| Chromium (€/tonne) | 8,348.8 | -2.1 | -4.5 | -6.6 |
| Cobalt (€/tonne) | 21,748.3 | -5.2 | -12.8 | -29.7 |
| Copper (€/tonne) | 8,331.3 | 2.3 | -7.0 | 7.6 |
| Lithium (€/tonne) | 93,330.7 | -4.4 | -17.4 | -51.9 |
| Molybdenum (€/tonne) | 39,701.5 | -0.8 | -3.1 | -12.1 |
| Nickel (€/tonne) | 14,503.9 | -1.7 | -10.8 | -21.0 |
| Palladium (€/ounce) | 916.3 | 10.1 | 8.0 | -20.7 |
| Platinum (€/ounce) | 874.0 | 1.3 | -5.0 | 0.7 |
- Within the mineral raw materials index, silver, palladium and platinum are classified as precious metals, while the other strategic raw materials for industry are classified as non-ferrous metals.
- Source: INSEE.
Food commodity prices in euros were stable
In September 2024, food commodity prices in euros were unchanged (after +0.8% in August). Prices for cereals were virtually stable (+0.1% after ‑3.3%), while meat prices slowed (+0.2% after +1.4%), as did those for tropical commodities (+2.5% after +3.8%). Oilseed prices recovered (+0.8% after ‑5.9%), and those for sugar rallied (+11.3% after ‑6.0%). Lastly, prices for seafood products fell back sharply (‑7.0% after +3.7%). Over one year, food commodity prices rose sharply (+11.5%) due to the surge in tropical commodity prices (+85.6%), driven by those of cocoa (+129.4%) and coffee (+71.3%). Conversely, the prices of the other imported food commodities declined over one year: this was particularly the case of prices for sugar (‑25.3%), cereals (‑15.2%) and seafood products (‑12.6%).
tableauFood raw materials
| Price index in foreign currencies | Price index in euros | |
|---|---|---|
| 2024-09 | 180.4 | 191.3 |
| 2024-08 | 179.1 | 191.2 |
| 2024-07 | 175.1 | 189.6 |
| 2024-06 | 181.9 | 199.1 |
| 2024-05 | 178.2 | 193.6 |
| 2024-04 | 184.0 | 201.5 |
| 2024-03 | 174.7 | 189.2 |
| 2024-02 | 165.6 | 180.7 |
| 2024-01 | 161.2 | 174.6 |
| 2023-12 | 161.6 | 174.7 |
| 2023-11 | 160.9 | 174.4 |
| 2023-10 | 155.9 | 172.7 |
| 2023-09 | 155.9 | 171.5 |
| 2023-08 | 157.3 | 170.3 |
| 2023-07 | 159.0 | 170.1 |
| 2023-06 | 155.8 | 168.4 |
| 2023-05 | 154.3 | 166.4 |
| 2023-04 | 156.8 | 168.6 |
| 2023-03 | 151.3 | 166.5 |
| 2023-02 | 151.2 | 167.3 |
| 2023-01 | 147.9 | 163.7 |
| 2022-12 | 145.4 | 163.6 |
| 2022-11 | 146.0 | 169.4 |
| 2022-10 | 149.7 | 178.4 |
| 2022-09 | 151.9 | 181.2 |
| 2022-08 | 159.2 | 187.9 |
| 2022-07 | 160.7 | 186.7 |
| 2022-06 | 163.6 | 185.0 |
| 2022-05 | 164.4 | 186.7 |
| 2022-04 | 166.3 | 188.1 |
| 2022-03 | 161.7 | 179.8 |
| 2022-02 | 153.2 | 165.4 |
| 2022-01 | 149.2 | 161.6 |
| 2021-12 | 145.1 | 157.3 |
| 2021-11 | 143.8 | 154.9 |
| 2021-10 | 143.2 | 152.5 |
| 2021-09 | 140.1 | 146.6 |
| 2021-08 | 143.2 | 149.2 |
| 2021-07 | 136.3 | 141.7 |
| 2021-06 | 137.1 | 140.8 |
| 2021-05 | 139.1 | 141.8 |
| 2021-04 | 133.5 | 138.3 |
| 2021-03 | 125.6 | 130.3 |
| 2021-02 | 122.5 | 125.0 |
| 2021-01 | 118.7 | 120.4 |
| 2020-12 | 114.5 | 115.9 |
| 2020-11 | 112.5 | 116.4 |
| 2020-10 | 109.7 | 113.5 |
| 2020-09 | 107.7 | 111.7 |
| 2020-08 | 104.2 | 108.0 |
| 2020-07 | 101.5 | 107.6 |
| 2020-06 | 103.1 | 110.9 |
| 2020-05 | 106.4 | 117.4 |
| 2020-04 | 100.7 | 110.4 |
| 2020-03 | 104.7 | 113.4 |
| 2020-02 | 107.1 | 119.5 |
| 2020-01 | 108.7 | 120.1 |
| 2019-12 | 109.3 | 120.5 |
| 2019-11 | 106.7 | 118.0 |
| 2019-10 | 102.2 | 113.0 |
| 2019-09 | 101.3 | 112.7 |
| 2019-08 | 103.5 | 114.0 |
| 2019-07 | 105.9 | 116.6 |
| 2019-06 | 108.0 | 118.1 |
| 2019-05 | 105.9 | 116.5 |
| 2019-04 | 107.9 | 118.8 |
| 2019-03 | 105.5 | 115.3 |
| 2019-02 | 107.3 | 116.9 |
| 2019-01 | 107.9 | 117.0 |
| 2018-12 | 106.3 | 115.4 |
| 2018-11 | 107.7 | 117.6 |
| 2018-10 | 108.9 | 118.3 |
| 2018-09 | 104.0 | 111.2 |
| 2018-08 | 106.1 | 114.5 |
| 2018-07 | 112.1 | 120.0 |
| 2018-06 | 116.6 | 124.9 |
| 2018-05 | 116.4 | 123.2 |
| 2018-04 | 115.0 | 117.9 |
| 2018-03 | 115.4 | 118.0 |
| 2018-02 | 112.3 | 114.5 |
| 2018-01 | 110.0 | 113.3 |
| 2017-12 | 109.0 | 114.7 |
| 2017-11 | 111.4 | 118.6 |
| 2017-10 | 111.6 | 119.1 |
| 2017-09 | 112.7 | 119.2 |
| 2017-08 | 117.4 | 125.2 |
| 2017-07 | 120.6 | 130.9 |
| 2017-06 | 119.3 | 131.8 |
| 2017-05 | 117.3 | 131.6 |
| 2017-04 | 114.9 | 132.6 |
| 2017-03 | 118.0 | 136.9 |
| 2017-02 | 118.4 | 138.6 |
| 2017-01 | 119.0 | 139.1 |
| 2016-12 | 114.8 | 134.6 |
| 2016-11 | 117.5 | 135.0 |
| 2016-10 | 115.0 | 130.4 |
| 2016-09 | 114.4 | 127.5 |
| 2016-08 | 115.1 | 128.0 |
| 2016-07 | 118.4 | 132.7 |
| 2016-06 | 117.7 | 130.7 |
| 2016-05 | 111.4 | 123.0 |
| 2016-04 | 109.5 | 120.6 |
| 2016-03 | 105.8 | 118.3 |
| 2016-02 | 104.0 | 116.1 |
| 2016-01 | 103.8 | 117.8 |
| 2015-12 | 104.5 | 118.7 |
| 2015-11 | 104.8 | 120.8 |
| 2015-10 | 106.6 | 118.6 |
| 2015-09 | 105.7 | 117.7 |
| 2015-08 | 107.7 | 120.9 |
| 2015-07 | 108.1 | 123.3 |
| 2015-06 | 107.7 | 121.3 |
| 2015-05 | 106.5 | 121.0 |
| 2015-04 | 107.2 | 125.1 |
| 2015-03 | 107.7 | 124.7 |
| 2015-02 | 110.7 | 124.1 |
| 2015-01 | 113.3 | 123.8 |
| 2014-12 | 114.4 | 119.2 |
| 2014-11 | 116.2 | 121.1 |
| 2014-10 | 117.3 | 121.0 |
| 2014-09 | 116.5 | 118.8 |
| 2014-08 | 118.9 | 117.8 |
| 2014-07 | 120.3 | 117.2 |
| 2014-06 | 121.4 | 118.3 |
| 2014-05 | 124.2 | 120.0 |
| 2014-04 | 127.1 | 122.0 |
| 2014-03 | 126.2 | 121.0 |
| 2014-02 | 119.2 | 115.2 |
| 2014-01 | 113.2 | 109.7 |
| 2013-12 | 111.9 | 107.7 |
| 2013-11 | 110.7 | 108.3 |
| 2013-10 | 110.0 | 106.9 |
| 2013-09 | 110.7 | 109.9 |
| 2013-08 | 111.9 | 111.4 |
| 2013-07 | 115.3 | 116.5 |
| 2013-06 | 116.0 | 117.0 |
| 2013-05 | 114.3 | 117.4 |
| 2013-04 | 111.2 | 114.0 |
| 2013-03 | 110.1 | 113.4 |
| 2013-02 | 107.9 | 108.6 |
| 2013-01 | 106.2 | 107.4 |
graphiqueFood raw materials
- Source: INSEE.
tableauImported raw materials (excluding energy) in euros
| Index of last month | changes (in %) | |||
|---|---|---|---|---|
| M/M-1 | M/M-3 | M/M-12 | ||
| Industrial raw materials | 123.0 | 0.0 | -6.3 | -3.2 |
| Agricultural raw materials | 115.8 | -0.2 | -2.1 | -0.7 |
| Natural textile fibres | 106.0 | 1.0 | -4.9 | -12.2 |
| Natural rubber | 67.0 | 8.2 | 5.9 | 29.3 |
| Hides | 42.9 | -0.9 | -3.1 | -3.9 |
| Wood pulp | 135.6 | -0.6 | -4.6 | 0.2 |
| Tropical sawn wood | 101.2 | 1.3 | 0.7 | 2.5 |
| Sawn softwood | 205.3 | -1.9 | 1.1 | -2.4 |
| Minerals | 122.1 | 0.0 | -7.0 | -3.6 |
| Ferrous metals | 82.2 | -7.2 | -15.1 | -24.8 |
| Non-ferrous metals | 133.5 | 2.6 | -5.9 | 3.6 |
| Precious metals | 207.2 | 3.5 | 5.1 | 24.0 |
| Food total | 191.3 | 0.0 | -3.9 | 11.5 |
| Tropical foodstuffs | 292.0 | 2.5 | 1.8 | 85.6 |
| Oilseeds, vegetable oils | 160.9 | 0.8 | -6.4 | -7.0 |
| Cereals | 139.5 | 0.1 | -11.2 | -15.2 |
| Sugar | 111.1 | 11.3 | 4.4 | -25.3 |
| Meat | 171.3 | 0.2 | -4.7 | -0.9 |
| Seafood products | 134.2 | -7.0 | -10.2 | -12.6 |
| All commodities | 154.1 | 0.0 | -5.0 | 4.8 |
- Source: INSEE.
For further information
The relevant time series and a user guide are available at the bottom of this page.
Crude oil: from 1986, the price of Brent gradually established as a representative reference price of European supplies.
Natural gas: TTF (futures contracts in the Netherlands) is considered as the benchmark market in Europe.
Uranium: the price monitored is that of triuranium octaoxide (U3O8) listed on the New York Mercantile Exchange.
Energy: prices of energy are monthly averages.
Indices of non-energy raw materials imported by France: the indices calculated by INSEE are monthly averages of raw material prices, weighted by their share in the French imports of raw materials (2010 = 100).
Strategic materials for the industry: the list of strategic materials monitored is a non-exhaustive selection of raw materials with which the French industry is particularly dependent, especially with regard to the energy transition. This selection is based on the work of the French Geological and Mining Research Bureau (BRGM) on critical and strategic materials.
Next issue: 22 November 2024 at 12.00 pm.
Pour en savoir plus
The relevant time series and a user guide are available at the bottom of this page.
Crude oil: from 1986, the price of Brent gradually established as a representative reference price of European supplies.
Natural gas: TTF (futures contracts in the Netherlands) is considered as the benchmark market in Europe.
Uranium: the price monitored is that of triuranium octaoxide (U3O8) listed on the New York Mercantile Exchange.
Energy: prices of energy are monthly averages.
Indices of non-energy raw materials imported by France: the indices calculated by INSEE are monthly averages of raw material prices, weighted by their share in the French imports of raw materials (2010 = 100).
Strategic materials for the industry: the list of strategic materials monitored is a non-exhaustive selection of raw materials with which the French industry is particularly dependent, especially with regard to the energy transition. This selection is based on the work of the French Geological and Mining Research Bureau (BRGM) on critical and strategic materials.
Next issue: 22 November 2024 at 12.00 pm.