Of particular interest this week:

China – demystifying economics

China –  industrial output


Copper  Grasberg Cu output ‘normal’ while FCX negotiates export conditions with Indonesia.

Nickel  Axiom (AVQ) to secure funding prior to first Ni laterite ore shipments.

Zinc & Lead  Zn well down path of supply adjustment, except New Orleans.  Sth Korea Pb smelter capacity.

Tin  Indonesia to audit eight Sn smelters capacity vs production, checking for illegal suppliers.

Aluminium  2016 supply growth may match demand.

Gold  Venezuela’s central bank negotiating with Deutsche Bank.

Platinum & Palladium  Reviving the old agreement for Norilsk to buy Russia’s central bank’s Pd.

Oil  An agreement between OPEC and Russia … was never really on.

Coal  HCC contract prices to increase in coming Qtrs.  Japan index linking more thermal contracts

Iron Ore  Iron ore price gain this week, best since April.

Shipping  BDI at lowest level in over 15 years.


China – De-Mystifying China Economics – It is better than it looks.

China – Industrial output – as before down on bulks/building but up on consumer items.

USA – PMI – New Orders leading upwards.

USA – Construction Spending:  strong positive growth.