Most commodities fell under pressure in 2013. Only US natural gas, cocoa, cotton, palladium and WTI appreciated. At the start of this year, oil prices declined while natural gas prices – especially in the US – gained due to seasonal demand. 2013 was also not a very good year for industrial commodity prices. Global steel prices essentially stabilised in 2013, while coking coal and iron ore prices decreased. In the base metals complex, zinc emerged as the best performing metal in price terms, with a minor increase.