SUMMARY
*Copper BHP reduced Cu production outlook, due to issues at Olympic Dam and Spence.
Cobalt ARV’s Castle Cove project is returning good Co & Cu grades.
Nickel BHP’s nickel smelter fire not considered likely to impact 2018 target production.
Zinc & Lead Several competing supply factors.
Tin Indonesian ICDX exchange oversight is limiting some tin trading.
Aluminium China’s aluminium production rate increased contrary to reported reduction per month.
Gold Price up fractionally. Analysts & traders looking for price increases.
Platinum & Palladium Swiss imports of Pt surged in September.
*Oil Iran practising oil exports under cover.
Coal BHPs’ met coal guidance for 2018 reduced, 2019 unchanged.
Iron Ore China’s winter restrictions a little muted but still with, some uncertainty, to be decided by local govt.
Shipping Panamax rates flat, Cape rates up.
General
*Port of Singapore shipping: improved Containers & Bulks.
*USA – New Housing Starts: growth remains positive and moderate.
*USA – Industrial Production & Capacity Utilisation: strong growth.
*Japan – Orders to Machinery: improving positive growth.