MESTER: WILL NORMALIZE INTEREST RATES 'AT SOME POINT'

MESTER: MY OWN FORECAST EXPECTS INFLATION TO COME DOWN

MESTER: NEED TO SEE MORE DATA TO BE ASSURED INFLATION ON TRACK

MNI BRIEF: BCB's Campos Neto: 'Not Afraid To Do What's Needed'

MNI China Daily Summary: Wednesday, April 17

MNI BRIEF: China To Quicken Project Construction - NDRC

MNI: US TSY TICS NET FLOWS IN FEB +$51.6B

US Treasury Auction Calendar

US EIA: CRUDE OIL STOCKS EX SPR +2.74M TO 460.0M APR 12 WK

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Lower Export Prices Reflect Lower Demand For Commodities

AUSTRALIA DATA

Australian Q3 export prices fell a less-than-expected 3.6% q/q due to lower demand for the country’s main commodity exports, as reported by the ABS. Import prices rose 3.0% q/q helped by the weaker AUD and higher input costs, which was higher than expected but down on Q2.

  • Export prices fell in Q3 as Chinese demand for iron ore and non-ferrous metals fell. This pushed the prices of metalliferous ores and metal scrap down 16.9% and non-ferrous metals by 12.7%. Prices for coal, coke and briquettes fell 6.2%, as global steel demand weakened. Gas prices (+34.9%) and crude fertilisers & minerals (+43.6%) worked in the other direction due to increased demand for natural gas and lithium.
  • The main contributors to the rise in import prices were electrical machinery (+5.1%), inorganic chemicals (+30.1%), clothing (+6.8%) and plastics (+28.6%). Petroleum and product prices fell 2.6%.
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.