Prices in short order under uncertainty

The past year will certainly be remembered as a difficult one. A number of factors impacted commodity prices. From the outbreak of war in Ukraine, to inflation, to the covid outbreak in China, to the global economic slowdown. Jointly, these factors resulted in high uncertainty that manifested itself in high price volatility.
The war in Ukraine in particular has been one of the factors that has most affected the financial prices of different industries.

ENERGY PRODUCTS

The following graph shows the PricePedia financial indices of energy product prices, expressed in dollars. For about 6 months the PricePedia indices have been experiencing a downward trend. This week the medium-term trend seems to be weakening somewhat.

PricePedia financial indexes of energy prices in Europe and the U.S.

The heatmap below provides an overview of the performance of energy products, expressed in euros. Of note is the continued reduction in the price of Liquefied Natural Gas (LNG) in Asian markets (Japan and South Korea).

HeatMap of energy product prices in euros

METALS

The following chart shows the PricePedia financial indexes of ferrous and nonferrous metals prices, expressed in dollars. The week for nonferrous was characterized by a first part of rising prices, followed by two days of sharp declines. This dynamic characterized the price of almost all nonferrous metals. More stable, however, were the dollar prices of ferrous metals.

PricePedia financial indices of ferrous and nonferrous metals in dollars

FERROUS METALS

The heatmap below provides an overview of ferrous metal price trends, expressed in euros. The depreciation of the euro toward the dollar over the past two weeks is reflected in an increase in prices in euros. As can be seen from the heatmap the increase is generalized to almost all products in the sector. Particularly strong is the increase in hot coil prices in the U.S. market.

HeatMap of ferrous metal prices in euros

NON FERROUS METALS

The heatmap below provides an overview of the price trends for nonferrous metals, expressed in euros. Even in the case of nonferrous metals, the depreciation of the euro results in a fairly generalized increase in euro prices, with the exclusion of precious metals.

HeatMap of non-ferrous metal prices in euros

FOOD PRODUCTS

The following graph shows the PricePedia financial indexes of food prices, expressed in dollars.
While the crop index shows relative stability, the tropical products index continues its upward trend.

PricePedia financial indices of food products in dollars

TROPICAL FOOD PRODUCTS

The heatmap below provides an overview of tropical food price trends, expressed in euros. Prominent is the increase in coffee prices, both arabica and robusta qualities.

HeatMap of tropical food prices