Denys Liutyi’s Post

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Senior Data Specialist at Macrobond

HWWI index, which tracks a basket of 31 commodities, revealed that commodity prices in the United States unexpectedly dropped by -3.8% in August compared to the previous year. As my heatmap below demonstrates, the primary reason for these “unexpected” results can be found in the energy raw materials sector. Specifically, crude oil prices fell by almost -8% YoY. Other commodities showed more stable trends. In agricultural raw materials, increases in pulp and rubber were partially offset by a decrease in cotton prices. Among metals, tin prices continue to rise, while lead and nickel are easing. Within the food-related commodities, rice prices have finally dropped compared to last year. In the edible oils subcategory, coconut and palm oil prices continue to rise, while soybean oil prices are decreasing. Finally, stimulants remain a concern, with cocoa, coffee, and tea prices still at high levels, though the impact is somewhat mitigated by declining sugar prices. #macrobond #hwwi #us #commodities

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