AUD Price XY Plots

This week’s comments of particular interest are noted with ‘*’.


*Copper  Chile studying a proposal to increase mineral royalties.  Support for the bill is doubtful.

Cobalt  COB  begins large drill campaign.   HAV  completed metallurgical drilling

*Nickel  Several global metals producers looking toward Indonesian Ni via HPAL for EV markets.

Zinc & Lead  NCZ delivering Zn conc. via pipeline to Karumba.  TZN DFS on Tala Hamza-Amizour.  PEX’s Wagga Tank

Tin  ITA estimates increased refined tin demand in 2017.

Aluminium  Iran’s Al consumption increased by 12% in 2017.

Gold  Gold price forecast to be rangebound pending delivery of Federal Reserve rates expectations.

Platinum & Palladium  South African Pt production continues, supported by a weak ZAR, but margins are challenging.

*Oil  China’s oil production up marginally. Oil & gas imports up markedly.

Coal  Coking coal demand from India and China supporting prices.  Adani redesigned its rail plans

Iron Ore  China’s steel output eased in August after record highs in July.

Shipping  Cape rates up, Panamax rates up as well.


AUD / commodity XY plots:  generally a relationship with AUD following prices.

Port Hedland – Iron ore Shipping:   Shipments to China up almost 10%.

Port of Singapore – ship traffic:   Total traffic down but container traffic up.

USA PMI:  strong outlook.

USA Industrial Production & Capacity Utilisation:  strong IP growth, and Cap.Ut rising.

Japan – LNG prices:   Contract prices following oil prices (up).