Of particular interest this week:
Oil: – a Russian opinion on outlook
Singapore: shipping conditions improving
SUMMARY
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.
General
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.