(ANSA) – MILAN, MAY 23 – The rush in raw material prices is not subsiding, with the exception of gas which is again at its lows since the beginning of the war in Ukraine.
Metals were affected by the five-year rate cut in China, which stimulates investment.
In Europe, gas storage levels have risen with the Union rushing to replenish stocks as countries seek to reduce their dependence on Russia. With the anticipation of summer, gas prices drop by 2.8% to 85 euros per MWh, after having reached a minimum of 83 euros at the beginning of the day. Upward trend for oil, with the WTI at 111 dollars per barrel (+ 1.1%) and the Brent at 114 dollars (+ 1.3%).
Among metals, gold ranks at 1.864 dollars an ounce, up 1%, and silver at 22 dollars an ounce (+ 0.6%). On the food raw materials front, durum wheat continued to rise to 1,272 dollars per contractual unit from 5 thousand bushels (bushels), up by 1.9%. Soft wheat also grows at $ 1,193 (+ 2.1%). (HANDLE).
Source: Ansa
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