Of particular note this week:

Japan –  IP picking up above recent highs.

USA:  PMI good outlook.

China:  Industrial and Energy outlook.

Copper –supply disruptions in Chile.

Coal:  new proposed coking coal contract price structure, by customers.

Tin:  market in deficit again.  Myanmar importance increasing, but can it be sustained?

Platinum:  market demand may be shifting.


Copper  Chile’s April copper output was reduced (due to strikes).

Nickel  Prices fell on “concerns”, possibly over-rated.

Zinc & Lead  ILZSG supply demand notes.

Tin  Myanmar producers are the largest concentrate suppliers of tin.  Supply may have peaked.

Aluminium  Glassenberg says Trump may have a point … but … be pragmatic, (not dramatic).

Gold  Prices driven by the usual suspects … fear, politics and interest rates, according to traders.

Platinum & Palladium  Outlook for platinum usage may be entering a state of flux.

Oil  Oil inventory down, OPEC considers further cuts, but prices fall!

Coal  New format for HCC contract price settlements proposed.  Japan is diversifying sources.

Iron Ore  Mt Whaleback fire to have short term effect only.

Shipping  Shipping rates down.    .

Japan:  Industrial Production
– best since Oct 2008!

China:  Output of Industry and Energy – Stronger consumer item output than industrials.

USA:  Purchasing Managers’ Index – solid outlook.