Of particular interest this week:

World Steel – Oct Short Run Outlook

Currencies – USD increasing in value ahead of dismantling QEC

Coal – China to impose import tariffs.

Iron Ore – Glencore interest in iron ore. Export volumes from Australia and Brazil are strong.  We should not write it off.


 Copper  – LME premiums increasing into Europe.  Codelco’s premia expected to reduce.

Nickel  – Poseidon Nickel (POS) raised capital for restarting Windarra.  .

Zinc & Lead – Autos keeping zinc consumption up.  Ironbark Zinc (IBG) lodged an application for a 30 yr ML.

Tin  – Golden Week (China) saw subdued trading.

Aluminium  – Increased Al prices mean smelters are cash +ve, but Chinese smelters are re-starting.

Gold  – South African AMCU increasing influence, may trigger strikes in gold sector (next year).

Platinum & Palladium – Prices up despite concerns about economic growth.    .

Oil – Libya expects to recover and boost oil output, into a well-supplied market.

Coal – China to reinstate coal import duties on Oct 15.

Iron Ore – Trade data shows strong annual growth in shipments from Australia and Brazil.

Shipping  – Freight rates for capesize down this week (Golden Week).


World Steel – Oct. Short-Run Outlook – the world’s consumption is growing faster than China’s.

Currency shifts as USA’s QE is about to end.

Germany – Industrial production, Durable Goods, & Construction