Index of Commodity Prices June 2021

Preliminary estimates for June indicate that the index increased by 5.6 per cent (on a monthly average basis) in SDR terms, after increasing by 4.7 per cent in May (revised). The rural and non-rural sub-indices increased in the month, while the base metals sub-index fell. In Australian dollar terms, the index increased by 6.8 per cent in June.

Over the past year, the index has increased by 49.1 per cent in SDR terms, led by higher iron ore prices. The index has increased by 40.0 per cent in Australian dollar terms.

Consistent with previous releases, preliminary estimates for iron ore, coking coal, thermal coal and LNG export prices are being used for the most recent months, based on market information. Using spot prices for the bulk commodities, the index increased by 7.7 per cent in June in SDR terms, to be 61.0 per cent higher over the past year.