Of particular interest this week:

FX Indices – China CNY devaluation – views from a CNY perspective.

China – Industrial Output:  Domestic appliances doing well.  Raw materials softer.


Copper  Codelco Unions demand limit on duration of negotiations.

Nickel  Vale appealing against Brazilian court order to stop production.

Zinc & Lead Basic ‘stop-start’ systems and the old lead acid battery.   Zinc at  pinch-point next two years.

Tin  Price outlook is poor, with a portion of global tin production already operating at losses.

Aluminium  Port of Tianjin – disruption of trade continues.

Gold  Gold demand in the June Qtr fell by 12%.

Platinum & Palladium  More than half of South African Pt mines are currently unprofitable.

Oil  Producer nations reliant on oil income are in risky financial condition.

Coal  Outlook for near term coking coal contract prices – some recovery into 2016.

Iron Ore  Port Hedland shipment rates a little slower.  Indian mills seeking some protection from imports.

Shipping  Cape size demand slowed, easing pressure on the coal markets.


China:  FX Indexes – response to the devalued yuan (CNY)

Port of Singapore:  Signs of slower demand from advanced economies.  Asia may be picking up.

Baker Hughes – Rig Count – negative yr-on-yr growth continuing.

USA:  Industrial production is slow though positive.

China: Industrial output – mixed though consumer household items are up.