Of particular interest this week:

China – population growth and some demographics

USD – a shift in value

Nickel – Some detail on the nickel ore sources for China.


Copper – Antamina workforce to strike indefinitely from Monday 10th Nov.

Nickel – Monsoon coming.  The worst of the increase in Ni inventories may have passed.

Zinc & Lead – Zn TC’s still increasing, not yet seeing effects of forecast closures.

Tin – Tin demand is facing some challenges: slow growth and miniaturisation.

Aluminium – Australian aluminium producers to be exempted from RET, blessed by wind and solar bodies.

Gold – Demand in India and China showed signs of strengthening.

Platinum & Palladium  Promotion of platinum bridal jewellery in India.

Oil – The oil shale drilling boom in USA is showing signs of cutting back.  Rig count is reducing.

Coal – China’s offtake of thermal from Newcastle at record levels.  India’s steel potential huge but past growth performance is a perceived hindrance (for imports of coking coal and iron ore).  Confidence is growing.

Iron Ore – Vale says iron ore prices of USD 90-100 /t CFR are sustainable.  India is beginning to import iron ore!

Shipping – Capesize rates uncertain this week.  Panamax rates started to slip Wednesday.


USA – PMI, Construction Spending

USD – strengthened against all currencies (except the CNY).

China – a view on population growth and demographics