Iron Ore vs Crude Oil (petroleum) - Price Rate of Change Comparison

Range
6m 1y 5y 10y 15y 20y 25y 30y
Correlation coefficient: 0.247278

Description: Monthly comparison between the rate of change in the price of Iron Ore versus the rate of change in the price of Crude Oil (petroleum)



Rate of ChangePrice Ratio

Source: Thomson Reuters Datastream, World Bank.

See also: Mineral production statistics

See also: Top commodity suppliers

See also: Commodities glossary - Definitions of terms used in commodity trading

MonthIron Ore Price (US Dollars per Dry Metric Ton)Crude Oil (petroleum) Price (US Dollars per Barrel)Iron Ore ROCCrude Oil (petroleum) ROCIron Ore / Crude Oil (petroleum) Price Ratio
Mar 199426.4713.62--0.0194
Apr 199426.4715.080.00%10.72%0.0176
May 199426.4716.280.00%7.96%0.0163
Jun 199426.4717.170.00%5.47%0.0154
Jul 199426.4717.880.00%4.14%0.0148
Aug 199426.4717.000.00%-4.92%0.0156
Sep 199426.4716.200.00%-4.71%0.0163
Oct 199426.4716.470.00%1.67%0.0161
Nov 199426.4717.080.00%3.70%0.0155
Dec 199426.4715.940.00%-6.67%0.0166
Jan 199528.3816.907.22%6.02%0.0168
Feb 199528.3817.420.00%3.08%0.0163
Mar 199528.3817.350.00%-0.40%0.0164
Apr 199528.3818.650.00%7.49%0.0152
May 199528.3818.420.00%-1.23%0.0154
Jun 199528.3817.360.00%-5.75%0.0163
Jul 199528.3816.080.00%-7.37%0.0176
Aug 199528.3816.470.00%2.43%0.0172
Sep 199528.3816.820.00%2.13%0.0169
Oct 199528.3816.120.00%-4.16%0.0176
Nov 199528.3816.740.00%3.85%0.0170
Dec 199528.3817.870.00%6.75%0.0159
Jan 199630.0017.805.71%-0.39%0.0169
Feb 199630.0017.700.00%-0.56%0.0169
Mar 199630.0019.400.00%9.60%0.0155
Apr 199630.0020.660.00%6.49%0.0145
May 199630.0019.060.00%-7.74%0.0157
Jun 199630.0018.510.00%-2.89%0.0162
Jul 199630.0019.590.00%5.83%0.0153
Aug 199630.0020.440.00%4.34%0.0147
Sep 199630.0022.260.00%8.90%0.0135
Oct 199630.0023.610.00%6.06%0.0127
Nov 199630.0022.390.00%-5.17%0.0134
Dec 199630.0023.620.00%5.49%0.0127
Jan 199730.1523.230.50%-1.65%0.0130
Feb 199730.1520.420.00%-12.10%0.0148
Mar 199730.1519.330.00%-5.34%0.0156
Apr 199730.1517.880.00%-7.50%0.0169
May 199730.1519.370.00%8.33%0.0156
Jun 199730.1517.920.00%-7.49%0.0168
Jul 199730.1518.330.00%2.29%0.0164
Aug 199730.1518.700.00%2.02%0.0161
Sep 199730.1518.660.00%-0.21%0.0162
Oct 199730.1520.040.00%7.40%0.0150
Nov 199730.1519.090.00%-4.74%0.0158
Dec 199730.1517.090.00%-10.48%0.0176
Jan 199831.0015.002.82%-12.23%0.0207
Feb 199831.0014.100.00%-6.00%0.0220
Mar 199831.0013.120.00%-6.95%0.0236
Apr 199831.0013.500.00%2.90%0.0230
May 199831.0014.030.00%3.93%0.0221
Jun 199831.0012.480.00%-11.05%0.0248
Jul 199831.0012.700.00%1.76%0.0244
Aug 199831.0012.490.00%-1.65%0.0248
Sep 199831.0013.800.00%10.49%0.0225
Oct 199831.0013.260.00%-3.91%0.0234
Nov 199831.0011.880.00%-10.41%0.0261
Dec 199831.0010.410.00%-12.37%0.0298
Jan 199927.5911.44-11.00%9.89%0.0241
Feb 199927.5910.750.00%-6.03%0.0257
Mar 199927.5913.170.00%22.51%0.0209
Apr 199927.5915.870.00%20.50%0.0174
May 199927.5916.060.00%1.20%0.0172
Jun 199927.5916.390.00%2.05%0.0168
Jul 199927.5918.990.00%15.86%0.0145
Aug 199927.5920.270.00%6.74%0.0136
Sep 199927.5922.700.00%11.99%0.0122
Oct 199927.5921.950.00%-3.30%0.0126
Nov 199927.5924.160.00%10.07%0.0114
Dec 199927.5925.100.00%3.89%0.0110
Jan 200028.7925.314.35%0.84%0.0114
Feb 200028.7927.220.00%7.55%0.0106
Mar 200028.7927.490.00%0.99%0.0105
Apr 200028.7923.470.00%-14.62%0.0123
May 200028.7927.190.00%15.85%0.0106
Jun 200028.7929.620.00%8.94%0.0097
Jul 200028.7928.180.00%-4.86%0.0102
Aug 200028.7929.260.00%3.83%0.0098
Sep 200028.7932.080.00%9.64%0.0090
Oct 200028.7931.400.00%-2.12%0.0092
Nov 200028.7932.330.00%2.96%0.0089
Dec 200028.7925.200.00%-22.05%0.0114
Jan 200130.0325.964.31%3.02%0.0116
Feb 200130.0327.240.00%4.93%0.0110
Mar 200130.0325.020.00%-8.15%0.0120
Apr 200130.0325.720.00%2.80%0.0117
May 200130.0327.550.00%7.12%0.0109
Jun 200130.0326.970.00%-2.11%0.0111
Jul 200130.0324.800.00%-8.05%0.0121
Aug 200130.0325.820.00%4.11%0.0116
Sep 200130.0325.210.00%-2.36%0.0119
Oct 200130.0320.730.00%-17.77%0.0145
Nov 200130.0318.690.00%-9.84%0.0161
Dec 200130.0318.520.00%-0.91%0.0162
Jan 200229.3119.15-2.40%3.40%0.0153
Feb 200229.3119.980.00%4.33%0.0147
Mar 200229.3123.640.00%18.32%0.0124
Apr 200229.3125.430.00%7.57%0.0115
May 200229.3125.670.00%0.94%0.0114
Jun 200229.3124.490.00%-4.60%0.0120
Jul 200229.3125.750.00%5.14%0.0114
Aug 200229.3126.780.00%4.00%0.0109
Sep 200229.3128.280.00%5.60%0.0104
Oct 200229.3127.530.00%-2.65%0.0106
Nov 200229.3124.540.00%-10.86%0.0119
Dec 200229.3127.890.00%13.65%0.0105
Jan 200331.9530.759.01%10.25%0.0104
Feb 200331.9532.880.00%6.93%0.0097
Mar 200331.9530.360.00%-7.66%0.0105
Apr 200331.9525.560.00%-15.81%0.0125
May 200331.9526.060.00%1.96%0.0123
Jun 200331.9527.920.00%7.14%0.0114
Jul 200331.9528.590.00%2.40%0.0112
Aug 200331.9529.680.00%3.81%0.0108
Sep 200331.9526.880.00%-9.43%0.0119
Oct 200331.9529.010.00%7.92%0.0110
Nov 200331.9529.120.00%0.38%0.0110
Dec 200331.9529.970.00%2.92%0.0107
Jan 200437.9031.3718.62%4.67%0.0121
Feb 200437.9031.330.00%-0.13%0.0121
Mar 200437.9033.670.00%7.47%0.0113
Apr 200437.9033.710.00%0.12%0.0112
May 200437.9037.560.00%11.42%0.0101
Jun 200437.9035.540.00%-5.38%0.0107
Jul 200437.9037.890.00%6.61%0.0100
Aug 200437.9042.080.00%11.06%0.0090
Sep 200437.9041.600.00%-1.14%0.0091
Oct 200437.9046.880.00%12.69%0.0081
Nov 200437.9042.130.00%-10.13%0.0090
Dec 200437.9039.040.00%-7.33%0.0097
Jan 200565.0042.9771.50%10.07%0.0151
Feb 200565.0044.820.00%4.31%0.0145
Mar 200565.0050.940.00%13.65%0.0128
Apr 200565.0050.640.00%-0.59%0.0128
May 200565.0047.830.00%-5.55%0.0136
Jun 200565.0053.890.00%12.67%0.0121
Jul 200565.0056.370.00%4.60%0.0115
Aug 200565.0061.890.00%9.79%0.0105
Sep 200565.0061.690.00%-0.32%0.0105
Oct 200565.0058.190.00%-5.67%0.0112
Nov 200565.0055.040.00%-5.41%0.0118
Dec 200565.0056.430.00%2.53%0.0115
Jan 200667.2062.463.38%10.69%0.0108
Feb 200665.2059.70-2.98%-4.42%0.0109
Mar 200666.7060.932.30%2.06%0.0109
Apr 200667.3067.970.90%11.55%0.0099
May 200667.3068.680.00%1.04%0.0098
Jun 200669.3068.292.97%-0.57%0.0101
Jul 200670.5072.451.73%6.09%0.0097
Aug 200669.8071.81-0.99%-0.88%0.0097
Sep 200670.0062.120.29%-13.49%0.0113
Oct 200671.7057.912.43%-6.78%0.0124
Nov 200673.5058.142.51%0.40%0.0126
Dec 200673.5060.990.00%4.90%0.0121
Jan 200778.2053.526.39%-12.25%0.0146
Feb 200782.6657.565.70%7.55%0.0144
Mar 200788.5560.607.13%5.28%0.0146
Apr 200791.2665.063.06%7.36%0.0140
May 2007102.0265.1611.79%0.15%0.0157
Jun 2007103.2168.191.17%4.65%0.0151
Jul 2007106.0973.602.79%7.93%0.0144
Aug 2007121.8970.1314.89%-4.71%0.0174
Sep 2007148.6576.7621.95%9.45%0.0194
Oct 2007168.1181.9713.09%6.79%0.0205
Nov 2007195.0991.3416.05%11.43%0.0214
Dec 2007190.1289.52-2.55%-1.99%0.0212
Jan 2008193.3790.691.71%1.31%0.0213
Feb 2008186.1293.39-3.75%2.98%0.0199
Mar 2008197.12101.845.91%9.05%0.0194
Apr 2008195.95108.76-0.59%6.79%0.0180
May 2008192.95122.63-1.53%12.75%0.0157
Jun 2008183.93131.52-4.67%7.25%0.0140
Jul 2008180.50132.83-1.86%1.00%0.0136
Aug 2008178.74114.57-0.98%-13.75%0.0156
Sep 2008139.6499.66-21.88%-13.01%0.0140
Oct 200888.6772.69-36.50%-27.06%0.0122
Nov 200864.9553.97-26.75%-25.75%0.0120
Dec 200869.9841.347.74%-23.40%0.0169
Jan 200972.5143.863.62%6.10%0.0165
Feb 200975.5941.844.25%-4.61%0.0181
Mar 200964.0746.65-15.24%11.50%0.0137
Apr 200959.7850.28-6.70%7.78%0.0119
May 200962.6958.154.87%15.65%0.0108
Jun 200971.6669.1514.31%18.92%0.0104
Jul 200983.9564.6717.15%-6.48%0.0130
Aug 200997.6771.6316.34%10.76%0.0136
Sep 200980.7168.35-17.36%-4.58%0.0118
Oct 200986.7974.087.53%8.38%0.0117
Nov 200999.2677.5514.37%4.68%0.0128
Dec 2009105.0774.885.85%-3.44%0.0140
Jan 2010125.7277.1219.65%2.99%0.0163
Feb 2010127.4974.761.41%-3.06%0.0171
Mar 2010139.6979.309.57%6.07%0.0176
Apr 2010172.4784.1823.47%6.15%0.0205
May 2010161.3575.62-6.45%-10.17%0.0213
Jun 2010143.6374.73-10.98%-1.18%0.0192
Jul 2010126.3674.58-12.02%-0.20%0.0169
Aug 2010145.3475.8315.02%1.68%0.0192
Sep 2010140.6376.12-3.24%0.38%0.0185
Oct 2010148.4881.725.58%7.36%0.0182
Nov 2010156.1084.535.13%3.44%0.0185
Dec 2010163.1090.014.48%6.48%0.0181
Jan 2011179.1892.699.86%2.98%0.0193
Feb 2011187.1897.914.46%5.63%0.0191
Mar 2011169.36108.65-9.52%10.97%0.0156
Apr 2011179.33116.245.89%6.99%0.0154
May 2011177.05108.07-1.27%-7.03%0.0164
Jun 2011170.88105.85-3.48%-2.05%0.0161
Jul 2011172.98107.921.23%1.96%0.0160
Aug 2011177.50100.492.61%-6.88%0.0177
Sep 2011177.23100.82-0.15%0.33%0.0176
Oct 2011150.4399.85-15.12%-0.96%0.0151
Nov 2011135.54105.41-9.90%5.57%0.0129
Dec 2011136.39104.230.63%-1.12%0.0131
Jan 2012140.26107.072.84%2.72%0.0131
Feb 2012140.40112.690.10%5.25%0.0125
Mar 2012144.66117.793.03%4.53%0.0123
Apr 2012147.64113.672.06%-3.50%0.0130
May 2012136.61104.09-7.47%-8.43%0.0131
Jun 2012134.6690.73-1.43%-12.84%0.0148
Jul 2012127.9496.75-4.99%6.64%0.0132
Aug 2012107.50105.27-15.98%8.81%0.0102
Sep 201299.47106.28-7.47%0.96%0.0094
Oct 2012113.95103.4114.56%-2.70%0.0110
Nov 2012120.35101.175.62%-2.17%0.0119
Dec 2012128.51101.196.78%0.02%0.0127
Jan 2013150.49105.1017.10%3.86%0.0143
Feb 2013154.64107.642.76%2.42%0.0144
Mar 2013139.87102.52-9.55%-4.76%0.0136
Apr 2013137.3998.85-1.77%-3.58%0.0139
May 2013124.0199.37-9.74%0.53%0.0125
Jun 2013114.8299.74-7.41%0.37%0.0115
Jul 2013127.19105.2610.77%5.53%0.0121
Aug 2013137.06108.167.76%2.76%0.0127
Sep 2013134.19108.76-2.09%0.55%0.0123
Oct 2013132.57105.43-1.21%-3.06%0.0126
Nov 2013136.32102.632.83%-2.66%0.0133
Dec 2013135.79105.48-0.39%2.78%0.0129
Jan 2014128.12102.10-5.65%-3.20%0.0125
Feb 2014121.37104.83-5.27%2.67%0.0116
Mar 2014111.83104.04-7.86%-0.75%0.0107
Apr 2014114.58104.872.46%0.80%0.0109
May 2014100.56105.71-12.24%0.80%0.0095
Jun 201492.74108.37-7.78%2.52%0.0086
Jul 201496.05105.233.57%-2.90%0.0091
Aug 201492.61100.05-3.58%-4.92%0.0093
Sep 201482.3895.85-11.05%-4.20%0.0086
Oct 201481.0686.08-1.60%-10.19%0.0094
Nov 201473.7376.99-9.04%-10.56%0.0096
Dec 201468.3960.70-7.24%-21.16%0.0113
Jan 201568.2347.11-0.23%-22.39%0.0145
Feb 201562.7554.79-8.03%16.30%0.0115
Mar 201558.0552.83-7.49%-3.58%0.0110
Apr 201552.2857.54-9.94%8.92%0.0091
May 201560.3062.5115.34%8.63%0.0096
Jun 201562.6361.313.86%-1.92%0.0102
Jul 201552.3954.34-16.35%-11.37%0.0096
Aug 201556.1945.697.25%-15.92%0.0123
Sep 201556.9546.281.35%1.29%0.0123
Oct 201553.1246.96-6.73%1.47%0.0113
Nov 201546.8643.11-11.78%-8.20%0.0109
Dec 201540.5036.57-13.57%-15.17%0.0111
Jan 201641.8829.783.41%-18.57%0.0141
Feb 201646.8331.0311.82%4.20%0.0151
Mar 201656.2037.3420.01%20.34%0.0151
Apr 201660.9240.758.40%9.13%0.0149
May 201655.1345.94-9.50%12.74%0.0120
Jun 201651.9847.69-5.71%3.81%0.0109
Jul 201657.2644.1310.16%-7.46%0.0130
Aug 201660.8944.886.34%1.70%0.0136
Sep 201657.7945.04-5.09%0.36%0.0128
Oct 201659.0949.292.25%9.44%0.0120
Nov 201673.1045.2623.71%-8.18%0.0162
Dec 201680.0252.629.47%16.26%0.0152
Jan 201780.4153.590.49%1.84%0.0150
Feb 201789.4454.3511.23%1.42%0.0165
Mar 201787.6550.90-2.00%-6.35%0.0172
Apr 201770.2252.16-19.89%2.48%0.0135
May 201762.4349.89-11.09%-4.35%0.0125
Jun 201757.4846.17-7.93%-7.46%0.0124
Jul 201767.7447.6617.85%3.23%0.0142
Aug 201776.0749.9412.30%4.78%0.0152
Sep 201771.5352.95-5.97%6.03%0.0135
Oct 201761.6654.92-13.80%3.72%0.0112
Nov 201764.2459.934.18%9.12%0.0107
Dec 201772.2561.1912.47%2.10%0.0118
Jan 201876.3466.235.66%8.24%0.0115
Feb 201877.4663.461.47%-4.18%0.0122
Mar 201870.3564.17-9.18%1.12%0.0110
Apr 201865.7568.79-6.54%7.20%0.0096
May 201866.1073.430.53%6.75%0.0090
Jun 201865.0471.98-1.60%-1.97%0.0090
Jul 201864.5672.67-0.74%0.96%0.0089
Aug 201867.1571.084.01%-2.19%0.0094
Sep 201868.4475.361.92%6.02%0.0091
Oct 201873.4176.737.26%1.82%0.0096
Nov 201873.2662.32-0.20%-18.78%0.0118
Dec 201869.1653.96-5.60%-13.41%0.0128
Jan 201976.1656.5810.12%4.86%0.0135
Feb 201988.2261.1315.84%8.04%0.0144
Mar 201986.4763.79-1.98%4.35%0.0136
Apr 201993.7068.588.36%7.51%0.0137
May 2019100.1566.836.88%-2.55%0.0150
Jun 2019108.9459.768.78%-10.58%0.0182
Jul 2019120.2461.4810.37%2.88%0.0196
Aug 201993.0757.67-22.60%-6.20%0.0161
Sep 201993.0860.040.01%4.11%0.0155
Oct 201988.5357.27-4.89%-4.61%0.0155
Nov 201984.9860.40-4.01%5.47%0.0141
Dec 201992.6563.359.03%4.88%0.0146
Jan 202095.7661.633.36%-2.72%0.0155
Feb 202087.6853.35-8.44%-13.44%0.0164
Mar 202088.9932.201.49%-39.64%0.0276
Apr 202084.7321.04-4.79%-34.66%0.0403
May 202093.6530.3810.53%44.39%0.0308
Jun 2020103.3039.4610.30%29.89%0.0262
Jul 2020108.5242.075.05%6.61%0.0258
Aug 2020121.0743.4411.56%3.26%0.0279
Sep 2020123.7540.602.21%-6.54%0.0305
Oct 2020119.7839.90-3.21%-1.72%0.0300
Nov 2020124.3642.303.82%6.02%0.0294
Dec 2020155.4348.7324.98%15.20%0.0319
Jan 2021169.6353.609.14%9.99%0.0316
Feb 2021163.8060.46-3.44%12.80%0.0271
Mar 2021168.1863.832.67%5.57%0.0263
Apr 2021179.8362.956.93%-1.38%0.0286
May 2021207.7266.4015.51%5.48%0.0313
Jun 2021214.4371.803.23%8.13%0.0299
Jul 2021214.1473.28-0.14%2.06%0.0292
Aug 2021162.1668.87-24.27%-6.02%0.0235
Sep 2021124.5272.80-23.21%5.71%0.0171
Oct 2021122.9182.06-1.29%12.72%0.0150
Nov 202196.2479.92-21.70%-2.61%0.0120
Dec 2021116.9672.8721.53%-8.82%0.0161
Jan 2022132.5383.9213.31%15.16%0.0158
Feb 2022142.8493.547.78%11.46%0.0153
Mar 2022152.07112.406.46%20.16%0.0135
Apr 2022151.25103.41-0.54%-8.00%0.0146
May 2022131.21110.10-13.25%6.47%0.0119
Jun 2022130.74116.80-0.36%6.09%0.0112
Jul 2022108.57105.08-16.96%-10.03%0.0103
Aug 2022108.8595.970.26%-8.67%0.0113
Sep 202299.8188.22-8.31%-8.08%0.0113
Oct 202292.5690.33-7.26%2.39%0.0102
Nov 202293.3487.380.84%-3.27%0.0107
Dec 2022111.8478.0719.82%-10.65%0.0143
Jan 2023122.2380.419.29%3.00%0.0152
Feb 2023127.6080.254.39%-0.20%0.0159
Mar 2023128.3776.470.60%-4.71%0.0168
Apr 2023117.3982.46-8.55%7.83%0.0142
May 2023105.1574.12-10.43%-10.11%0.0142
Jun 2023113.4573.267.89%-1.16%0.0155
Jul 2023114.4378.980.86%7.81%0.0145
Aug 2023110.2084.72-3.70%7.27%0.0130
Sep 2023120.9892.229.78%8.85%0.0131
Oct 2023118.9789.08-1.66%-3.40%0.0134
Nov 2023131.0781.3510.17%-8.68%0.0161
Dec 2023137.0575.724.56%-6.92%0.0181
Jan 2024135.8277.67-0.90%2.58%0.0175
Feb 2024124.3980.55-8.42%3.71%0.0154

Top Companies

Companhia Vale Do Rio Doce
Website: http://www.vale.com/
Location: Rio De Janerio, Brazil
Estimated Production: 301.7 million tonnes per year

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