Of particular interest this week:
Nickel: – supply tightening, demand growth continues. (… just need to keep whittling the stockpiles down).
Iron ore, Steel and China – Surge, a challenge to the forecasts ?
Copper Chilean ports closed due to big waves.
Nickel Potential mine closures in the Philippines. Global consumption to increase more than supply.
Zinc & Lead Prospects encouraging: Consolidated Zinc (CZN) & Inca Minerals (ICG). Global Zn surplus falling.
Tin South Korea stocking up on tin (and copper).
Aluminium Oversupply will dampen price increases, unless metal demand recovers further in SE Asia.
Gold Price is see-sawing weekly but the trend appears to be upward.
Platinum & Palladium Platinum demand has increased and is forecast to continue to increase.
Oil Venezuela’s oil production falling. Its decline rate is accelerating.
Coal Anglo’s Grosvenor coking mine produced first coal. Coking prices are increasing.
Iron Ore Pt Hedland record shipments. Chinese steel avg daily output up yr-on-yr.
Shipping Panamax rates boosted by grain season.
Port of Singapore – Bulk carries and tanker growth remains strong.
Port Hedland – iron ore though put at record levels.
USA – Industrial production & capacity utilisation – improving – a bit.