Of particular interest this week:

Steel:  Emerging nations show positive growth.  Advanced economies’ growth is mostly negative.

Oil:  No meaningful actual outcomes.  Two meetings in November to watch. 


Copper  Chile’s copper concentrate output is down.  China’s demand just chugging along.

Nickel  Forecasts that the Ni market may loosen I 2017.  Others forecast deficit.  

Zinc & Lead  2016 Zn shortfall smaller than expected.  New supply is limited in next two years. 

Tin  Sn prices at two year high. 

Aluminium  US probe into illegal (Chinese) imports into USA. 

Gold  Gold price little changed despite concerns about possible US election outcomes.  

Platinum & Palladium  AMCU and Anglo American sighed a new three-year agreement. 

Oil  OPEC failed to agree on details to reduce oil production.  Next Meeting Nov 25th then Nov 30th.

Coal  Spot prices still climbing.   

Iron Ore  China’s crude-steel output climbed. 

Shipping  Capes spot rates down, Panamax rates improving. 


World Steel:  Growth is from emerging nations.

USA:  Durable Goods, Vehicles, Computers & Electronic Products