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 EN FRANCAIS

IMPORTED RAW MATERIALS : INDICES quaterly average from  Q1 2003 to Q1 2007

The Overall Euro imported raw materials index increased +65.3% between Q1 2003 and Q1 2007 but rose +98.7% in currency rendering cost higher in dollar terms as the dollar dipped -15% 

In 2003 and based on a yearly average, the USD-Euro exchange rate stood at 0.88 compared with 0.75 in Q1 07. From 2002 (a yearly average exchange rate of 1.06) the dollar fell -40% 

Out of all imported raw materials, the non ferrous metals price index increased +228.3% n currency and +155.3% in Euro. 

Nickel trading prices skyrocketed +477% from USD/t 8019.5 in January 2003 to USD/t 46282 in March 2007. On the same period, Copper's prices rose +293% from USD/t 1642.8 to USD/t 6455 and Aluminium grade A settlement +100% from USD/t 1377.9 to USD/t 2760. Palladium's increase +45.2% to USD/oz 370.4 from USD/oz 255.1 offset somehow non ferrous metal prices but Zinc +355% increase from USD/t 780 to USD/t 3545.1 wrote off any potential price cut trend.

Source: Insee

Source: Insee

The foodstuff price index stayed milder gaining +11.1% in Euro and +23.8% in currency as Sugar performed inverserly in Euro +7.2% compared with the index +30.7% gain in currency due to the growing use of ethanol in lieu of conventional refined oil products. In addition, and in Euro, the index benefitted from some price cuts among which oil seeds, tropical foiods and cereals while the sae items saw prices rise and on regulalry bases.

Source: Insee

Industrial products, impacted by non ferrous metals, reflected higher gains, respectively +95.3% in Euro and +138.4% in currency.

Source: Insee

Overall however, indices expressed in currency and in Euro performed nearly similarly as they also reflected global markets correlations. 

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