Of particular interest this week:

Oil:  – a Russian opinion on outlook

Singapore:  shipping conditions improving



Copper  Concerns re: Chinese growth dampened Cu prices.  However Peru’s exports down on strikes.

Nickel  POS delays restart of Lake Johnson mines, due to low prices.

Zinc & Lead  ILZSG – Zn surplus recorded for 5 mo to May.

Tin  Indonesians confident that exports will fall in August.

Aluminium  Inventories in Japanese ports fell, after more than a year.

Gold  Investors letting go of gold on expectations of interest rate increases.

Platinum & Palladium  Amplats hopeful of a spinoff of South African mines.

Oil  A Russian view of market outlook.

Coal  Steel production down ó spot met coal prices down.  Thermal market remains under pressure.

Iron Ore  RIO may overtake Vale as largest producer.

Shipping  Volumes shipped appear to be trending upward.


Port of Singapore – Shipping improving on bulks and tankers.

USA – New Housing Starts – volatile but positive.

USA- Industrial Production – slower growth.

USA – Capacity utilisation – slowing.