Kloepfel MagazinKloepfel Magazin
    Top Article

    2023: How the Kloepfel Group strengthens procurement

    19. January 2023

    Procurement 2023

    17. January 2023

    Kloepfel Consulting Austria expands management

    16. January 2023
    Facebook Twitter Instagram
    • Kloepfel Group
    • Kloepfel Consulting
    • Kloepfel Karriere
    LinkedIn Twitter Facebook Instagram YouTube
    Kloepfel MagazinKloepfel Magazin
    • START
    • NEWS
      • HWWI
      • INTERVIEWS
      • CAREER
      • KLOEPFEL GROUP
      • WHITEPAPER
      • SURVEY
      • INDUSTRY NEWS
        • ENGINEERING
        • LOGISTICS
        • SUPPLY CHAIN
    • NEWSLETTER
    • CONTACT
      • IMPRINT
      • PRIVACY POLICY
    • German
    Kloepfel MagazinKloepfel Magazin
    Home»HWWI»Raw material prices remain unchanged in November
    HWWI

    Raw material prices remain unchanged in November

    By Kloepfel11. January 2023Updated:19. January 20233 Mins Read
    LinkedIn Facebook WhatsApp Email
    Share
    LinkedIn Facebook Twitter WhatsApp Email

    HWWI Commodity Price Index: Lower volatility, slight downward trend continues

    • HWWI overall index declines by 1.3% (US dollar basis)
    • Energy raw material price index declines by 1.5%
    • Industrial raw material price index rises slightly by 0.9%

    (Hamburg, December 13, 2022) As in the previous month, the HWWI Commodity Price
    Index continued to decline in November (-1.3%). The sub-indices for energy commodities
    and for food and beverages declined slightly, while the index for industrial commodities
    rose moderately (+ 0.9%).

    Index for energy raw materials: Decreasing prices for coal and crude oil, slight increase in natural gas price

    After the sub-index for natural gas prices fell significantly in October (-27.6%), it rose again
    slightly by 4.5% in November. It was 29.9% higher than the gas price in November 2021.
    The sub-index for coal continued to decline. It fell by a further 11.9 % compared to the
    previous month, having already fallen by 12.7 % in October. Weak growth prospects and the
    announced higher coal production in Indonesia, China and India for 2023 have a dampening
    effect on prices. However, compared to November 2021, the sub-index has still more than
    doubled (+109.6%).
    The sub-index for crude oil fell by 3.8% in November and was thus 8.8% higher than in the
    same month last year.
    Overall, the energy raw materials sub-index fell by 1.5% (euro basis: -5.1%) in November to
    330.9 points (euro basis: 372.2 points).

    Index for industrial raw materials: Falling prices for iron ore and steel scrap, slight increase for agricultural raw materials

    The sub-index for industrial raw materials developed differently in November. A slight
    increase (0.5%) was recorded for agricultural raw materials.
    The more eased situation in prices for industrial raw materials that has been observed for
    several months compared to the beginning of the year continued in November. The index for
    industrial raw materials is 15.4% lower than in November 2021.

    The price index for non-ferrous metals rose by 5.1% in November.
    The price index for iron ore and steel scrap fell by 8.7%. Here, the growth outlook, impacted
    by rising interest rates and high inflation, is having a dampening effect on demand and thus
    prices.
    Overall, the index for industrial raw materials increased by 0.9% (euro basis: 2.8%) to 118.3
    points (euro basis: 132.7 points) on a monthly average in November.

    Index for food and beverages almost steady

    The sub-index for food and beverages fell slightly by 1.4% in November. It was thus only 4.1%
    higher than the corresponding figure for November 2021.
    Overall, the index for food and beverages fell by an average of 1.4% for the month (euro basis:
    5.0%) and stood at 153.4 points (euro basis: 171.9 points).

    Source: www.hwwi.org

    Next article: Taiwan conflict: 6 tips against supply bottlenecks for microchips
    Previous article
    Share. LinkedIn Facebook Twitter WhatsApp Email

    Related Posts

    Significant decrease in gas and coal prices

    12. December 2022

    Slight decline in gas prices

    21. October 2022

    Strong price increase for natural gas

    11. September 2022

    Subdued expectations reflected in falling prices for crude oil and industrial raw materials

    16. August 2022

    Prices for energy commodities continue to rise in June

    22. July 2022

    No further increase in commodity prices in May

    20. June 2022

    Comments are closed.

    Top Artikel

    2023: How the Kloepfel Group strengthens procurement

    By Kloepfel19. January 2023

    Year kick-off interview with Marc Kloepfel and Duran Sarikaya Marc Kloepfel and Duran Sarikaya talk…

    Procurement 2023

    17. January 2023

    Kloepfel Consulting Austria expands management

    16. January 2023

    Taiwan conflict: 6 tips against supply bottlenecks for microchips

    12. January 2023

    Raw material prices remain unchanged in November

    11. January 2023
    Stay In Touch
    • Facebook
    • Twitter
    • Instagram
    • LinkedIn
    About us
    About us

    Das Magazin für den effektiveren Einkauf!

    Kloepfel Consulting GmbH
    Pempelforter Strsse 50
    40211 Düsseldorf

    Telefon: +49 211 941 984 33
    E-Mail: info@kloepfel-consulting.com

    New Article

    2023: How the Kloepfel Group strengthens procurement

    19. January 2023

    Procurement 2023

    17. January 2023

    Kloepfel Consulting Austria expands management

    16. January 2023
    LinkedIn Facebook Twitter Instagram
    • Home
    • News
    • Contact
    • Imprint
    • Privacy Policy
    © 2023 Kloepfel Consulting GmbH All rights reserved

    Type above and press Enter to search. Press Esc to cancel.