S&P PMI Commodity Price & Supply Indicators: May 2025

Tue, Jun 3, 2025 · 11:00 AM ET Source Next release · Nov 2, 11:00 AM ET
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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.