S&P PMI Commodity Price & Supply Indicators: May 2025
The Global Price Pressures Index fell sharply to 0.6 in May, down from 1.2 in April, marking the lowest level in 2025 and the first sub-trend reading in four months.
- Seven of 26 tracked commodities saw price declines, led by Polyethylene, Polypropylene, and Oil.
- Oil prices fell for the first time since October 2024 amid renewed global trade tensions.
- The Global Supply Shortages Index edged down to 0.6 from 0.7 in April, remaining muted.
- Aluminium shortages were nearly twice the long-run average and the highest since November 2022.
- Despite reported shortages, Aluminium price pressures were at their lowest since March 2024.