Of particular interest this week:

  • Port of Singapore – signs of a slowdown across the board.
  • China – Industrial Output – growth continues.
  • Coking Coal – ATU & JAL
  • Nickel – numbers of new plant commitments in Indonesia
  • USA – economic growth up-tick ó (watch for housing starts, durable goods & vehicle orders next week.

SUMMARY

Copper  – USA factory production ahead of analysts’ expectations.  … but Europe shrinking.

Nickel  – 64 planned process plants in Indonesia for base metals and industrial minerals.

Zinc & Lead – Good zinc intercepts by Minotaur near Eloise.

Tin  – Chinese demand for tin is soft.  Indonesian exports increase.

Aluminium  – One Chinese aluminium producer boosts profits.

Gold  – Gold price reduced (slightly) on modest reduction of geopolitical tensions.

Platinum & Palladium  – Northam Platinum plans to grow.

Oil  – Mexico approved opening of its oil sector to private sector capital, after 76 yrs of state control.

Coal  – Emerging coking coal projects in Canada.  Jameson Resources & Atrum Coal.

Iron Ore – Iron ore prices sluggish, but recovery expected late 2014.

Shipping – Capesize freight firmed on iron ore demand, but may be fragile near term.

 General Economics:  

Port of Singapore – shipping slowed markedly across the board in the past four months.

China – Industrial Output – shows continued growth, some at slower rates.

USA – Industrial Production & Capacity Utilisation – improving

Germany – Industrial Production, Durable Goods Orders, Orders to Industry.