Canadian industrial product and raw material prices up 0.8 percent in November

Tuesday, 04 January 2022 21:27:55 (GMT+3)   |   San Diego
       

According to Statistics Canada, the price of products manufactured in Canada, as measured by the Industrial Product Price Index (IPPI), increased 0.8 percent month over month in November and 18.1 percent compared with the same period in 2020.

Prices of raw materials purchased by manufacturers operating in Canada, as measured by the Raw Materials Price Index (RMPI), fell 1.0 percent month over month in November, and were up 36.2 percent year over year.

In November, prices for coal fell 32.8 percent as China augmented its production in response to tight supply and high prices. Year over year, coal prices were up 135.3 percent. The price of natural gas was down 4.5 percent from October to November, partly due to higher than expected temperatures in the United States. Conventional crude oil prices fell 2.7 percent, as demand concerns due to the Omicron COVID-19 variant reduced optimism.

Prices for iron ores and concentrates fell 20.4 percent, as limited steel production in China kept demand low.


Similar articles

Canada’s Algoma Steel expects lower steel shipments and EBITDA in Q4 FY 2023-24

27 Mar | Steel News

Canadian rail freight volume down 8.5 percent in January

25 Mar | Steel News

Canada initiates review on line pipe from S. Korea

25 Mar | Steel News

US and Canadian rig counts both decline week-on-week

22 Mar | Steel News

Canadian iron ore production down 4.5 percent in January

20 Mar | Steel News

Investment in Canadian building construction down 0.9 percent in January

18 Mar | Steel News

Canadian industrial product and raw material prices rise in February

18 Mar | Steel News

US rig count increases while Canadian count drops

15 Mar | Steel News

Canadian new vehicle sales down 9.3 percent in January

14 Mar | Steel News

Canadian manufacturing sales up 0.2 percent in January

14 Mar | Steel News