Of particular interest this week:
OECD CLI’s – upturns ahead for selected countries.
World Steel – production in world-excl China!
Nickel – China importing less laterite, and exporting more refined nickel.
Copper – China’s end use demand to pick up.
Tin – Indonesia’s attempts to control pricing is not working.
Zinc – China is a significant supplier. Can its output be made more efficient, and temper the looming deficit?
Copper – Slight improvement in Chinese end-use demand.
Nickel – China importing less Ni laterite in September, exporting more refined nickel.
Zinc & Lead – China’s domestic Zn output could be made more efficient, tempering the looming deficit.
Tin – Myanmar emerging as a new frontier supplier in tin.
Aluminium – China’s house prices down for the fifth month.
Gold – TRY completes mineral agreement with Govt of Guyana.
Platinum & Palladium – Potential for new mine disruption with tension between NUM & Northam. .
Oil – Kurdish oil on the open seas.
Coal – Speculation on Aust-China FTA helped trade activity in thermal coal and supported thermal price.
Iron Ore – Iron ore price edged downward after a slow positive trend.
Shipping – Cape and panamax rates jumped on increased iron ore shipments.
World Steel production – Sept.- production in the world-ex-China is growing faster than China
OECD Composite Leading Indicators – upturns ahead for China, India, USA, Brazil, & Indonesia.