Syndicate content

March energy prices advanced, metals prices declined–Pink Sheet

John Baffes's picture
Energy commodity prices gained 1 percent in March—led by a 1 percent increase in crude oil prices, the World Bank’s Pink Sheet reported.

Non-energy prices fell almost 1 percent due to a drop in metal prices. Agricultural prices increased 1 percent, largely on higher cocoa prices (+18 percent), maize and soybean meal (+5 percent each), as well as cotton and soybeans (+4 percent each). Fertilizer prices rose more than 1 percent, led by TSP (triple superphosphate) (+3 percent) and DAP (diammonium phosphate) (+2 percent).

Metals prices dropped 5 percent, led by iron ore prices (-9 percent), zinc and lead (-7 percent each), and aluminum (-5 percent).

Precious metals prices were marginally down due to a 1 percent decline in silver prices.

The Pink Sheet is a monthly report that monitors commodity price movements.
 
Energy prices advanced, metal prices declined in March

Source: World Bank.
 

Agricultural commodity prices made further gains in March
Source: World Bank.


Increases in commodity prices were balanced by declines
Nominal prices, percent changes, March over February


Source: World Bank.

Add new comment