Of particular note this week:

Updated pinch point graphs for Zn, Cu & Ni.   Getting tighter.

Oil – prices fell despite Hurricane Harvey approaching Texas.

Coal – Coking coal demand outlook firm in the near term at least.

Steel – continuing to grow world output.  Chinese output at record levels.   What does this mean for iron ore prices?  Perhaps the major producers’ plans are correct?.


Copper  OZL’s Carapateena (Cu) project has a green light.  To be funded from cashflow!

Nickel  Vale may be putting its Voisey Bay underground plans on hold.

Zinc & Lead  MMG plans concentrate production from Dugald River from late 2017.  China’s enviro-inspections.

Tin  Sentiment has been muddied by the various (export) policy backflips by Indonesia.

Aluminium  ABX shipping more bauxite from Bell Bay (Tas).  Chinese output reducing, supporting this market.

Gold  Yellen’s Jackson Hole comments were that the financial system is safer now than a decade ago.

Platinum & Palladium  Amplats is budgeting for a Zimbabwean precious metals smelter.

Oil  Hurricane Harvey approaches the US south coast, yet the oil price reduced this week.

Coal  Outlook for coking coal prices remains strong near term.  Expect Sept17Qtr settlement next week.

Iron Ore  Major brokers are revising near-term forecasts.

Shipping  Cape and Panamax prices up.

General  Pinchpoint updates:  for Cu, Zn & Ni.  Things are getting tighter.

World steel production: the yr-on-yr trend remains upward, though July was a slower month.  Notable is that emerging economies continue to increase production more than developed ones.

USA-  Durable goods, Vehicles and Electonric goods:  Positive, flat and flat growth respectively.