Sources of the Price Measures Used in the ICP

Sources of the Price Measures Used in the ICP
Commodity Sources Data description
Rural commodities
Wool Bloomberg Eastern Market Indicator
Beef and veal MLA Eastern States Young Cattle Indicator
Wheat Bloomberg US Gulf price; HRW No 2
Barley Bloomberg FranceAgriMer, Feed Barley FOB (Rouen)
Canola Bloomberg Manitoba Agriculture and Food Canola Spot
Sugar Bloomberg Sugar No. 11 ICE
Cotton Bloomberg Raw Cotton A Index
Lamb MLA National Trade Lamb Indicator
Base metals
Aluminium Bloomberg London Metal Exchange (LME) spot price
Lead Bloomberg LME spot price
Copper Bloomberg LME spot price
Zinc Bloomberg LME spot price
Bulk commodities
Iron ore ABS Average export price
Bloomberg Spot price – 62% Fe Fines Index, Chinese landed price less Australia to China freight rate (free on board basis)
Metallurgical coal ABS Average export price
CRU Spot price – Australian premium hard coking coal
Thermal coal ABS Average export price
CRU Spot price – Newcastle thermal coal (6,000 kcal/kg)
Other resources
LNG ABS Average export price from mid-2015
Confidential Prior to mid-2015
Crude oil Bloomberg European Brent Blend
Alumina ABS Average export price
Gold Bloomberg Spot price
Copper ore ABS Average export price
Lithium Bloomberg Spodumene min 6% Li2O, CIF China spot price
Source: RBA