Of particular interest this week:

A number of trends are pointing toward markets bottoming …

World Steel – Chinese boost to production on government stimulus plans.

Copper – Disruptions do what they always do … tighten the market a notch.  

Nickel – Price recovery in 6 to 18 mo.

Coal – Thermal JFY settlement.  BHP’s outlook for HCC.


Copper  Cu supply disruptions due to weather in Chile. 

Nickel  BoA forecasts Ni price recovery in Dec16HY.  Goldmans outlook is 12 mo later.  

Zinc & Lead  Energia (EMX) progressing Gorno through evaluations toward production.

Tin  Wa-controlled Sn operations make Myanmar the third largest Sn producer. 

Aluminium  Smelter production costs have been falling. 

Gold  Indian gold demand improved.  

Platinum & Palladium  Amplats’ Pt production halved in Mar16Qtr on work stoppages. 

Oil  Schlumberger outlook comments.  Ugandan oil pipeline route.  

Coal  Thermal JFY settled, down, but well above spot.  Comments on HCC outlook by Mike Henry.   

Iron Ore  Vale is also expecting muted production for 2016.  

Shipping  Cape freight rates edged upward on steel raw materials demand. 


World Steel – production surge in March, though growth is limited to a few key countries.

USA – New Housing Starts – continued positive. 

USA Industrial Production & Capacity Utilisation – shrinking slowly and underutilised.

Japan – Electricity output – declining demand.