Of particular interest this week:

Nickel:  overview and points to watch for.

Coal: Coking coal prices appear to have bottomed.

Oil:  OPEC holds output.  Baker Hughes Rig Counts.

Iron Ore:  Up on Chinese re-stock.


Copper  Private equity evaluating acquisitions.

Nickel  Market forecast for balance in 2015 thence deficits from 2016.  Watching for signs.

Zinc & Lead  More Zn production, this time, extending operations about to close (a little bit).

Tin  Chinese imports of tin concentrates reverses and climbs.

Aluminium  in Surplus according to International Al Institute., but not according to WBMS.

Gold  Big miners now growing by increments, not leaps.  It is safer that way.

Platinum & Palladium  Japanese investment in evaluating South African deposit, for resource security, pays off.

Oil  OPEC ministers declare a hold on output at 30 mmbbl/day.  Baker Hughes Rig Counts still down.

Coal  Coking coal bottomed?  Japanese June-yr contracts may be indexed.  Negotiations yet to conclude.

Iron Ore  Chinese mill re-stocking boosts ore price.  Pt Hedland had record ore shipments in May.

Shipping  Cape-rates up, Panamax down.


Nickel :  Overview –  Global production, consumption and growth.  Balanced for 2015, then deficits.

USA:  PMI – encouraging.

Construction Spending – continued positive growth

Japan: Industrial production:  IP growth is recovering from recent lows.