Of particular interest this week:
China – Industrial Output mostly positive growth.
Copper: should be positive in 2017.
USA TWI: correlations with gold price, and others.
Oil: It has been a dramatic year. Now watch for compliance to the OPEC et al agreement.
Copper Upbeat economic demand from China suggests demand growth should be positive in 2017.
Nickel Ni is a small market, with an increasingly positive outlook, though with many factors to consider.
Zinc & Lead Zn stood out in 2016. Now look to increasing galvanising in autos in China and India.
Tin Plymouth Minerals (PLH) drilling a Li-Sn project in Spain.
Aluminium Japanese aluminium premia will increase on tighter supply/demand.
Gold Correlation of Au price with USA TWI index, reasonably but not high. Poor for other commodities.
Platinum & Palladium New enhancement of Pt in catalysts, a really tiny squeeze.
Oil A dramatic year for oil. There are several drivers, and historically non-compliance with quotas.
Coal All coking coal settlements concluded. Indians expected to accept Japanese benchmarks.
Iron Ore Analyst forecasts for avg iron ore prices for 2017-18 remain low. We believe upside is likely.
Shipping Cape and Panamax rates down pre-Christmas.
Coking coal Qtr price settlements: for Mar17Qtr
Port Hedland – Iron Ore shipments: South Korean growth surging.
Port of Singapore: ship traffic. Positive yr-on-yr growth all round.
China Industrial and Energy Output – (mostly) positive growth for November.
USA – New Housing Starts – drop in starts negative growth for November. Otherwise confident.