Australian Housing Dynamics and Affordability
COMMODITY PRICES¹
index
135
100
65
RBA INDEX OF COMMODITY PRICES
SDR, 2016/17 Average = 100, log scale
index
index
135
BASE METALS, RURAL, AND OIL PRICES
150
Rural*
100
125
100
65
75
50
Base metals*
25
2009
30
30
1989
1995
2001
2007
2013
2019
Source: RBA
BULK COMMODITY PRICES
Free on board basis
US$/t
Iron ore
(LHS)
Thermal coal
(LHS)
165 M
120
75
30
2014
2019
2014
Weekly
2019
2009
US$/b
Brent oil
125
My
100
2014
RBA Index of Commodity Prices sub-indices; SDR terms; 2007
average = 100
Sources: Bloomberg; RBA
75
50
25
10
2019
TERMS OF TRADE*
2016/17 average =
100, log scale
US$/t
index
Coking coal
(RHS)
lindex
120
120
350
100
Average Australian
Spot price*
export price
2014
2019
2014
80
250
60
150
50
2019
40
Iron ore 62% Fe Fines Index; Newcastle thermal coal and premium
hard coking coal
Sources: ABS; Bloomberg; IHS Markit; RBA
1. RBA Chart Pack Oct 2019
100
80
60
1959
Annual data are used prior to 1960
1974
1989
2004
2019
Sources: ABS; RBA
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