Of particular interest this week:

– Global Steel output slowed for July.

– Zinc – Chinese exports

– Tin – The deficit is in doubt.

– Oil – IEA’s demand forecast change.

– Iron Ore – China is soaking up iron ore.

SUMMARY

 Copper  – MTH reported high Cu-Ni-PGE results from Nanadie Well.

Nickel  – Nickel West – for sale.

Zinc & Lead – Chinese Zn exports surging.  Expect TC/RC’s to increase.  Doe Run selling La Oroya.

Tin  – Revised export / Import data for Indonesia & China.  Defer the deficit.

Aluminium  – Chinese bauxite imports for July.

Gold  – Prices up down on softer Chinese data, but up Friday on Ukraine and USA news.

Platinum & Palladium  – Sales of USA’s platinum coins collapsed on lack of interest.

Oil  – IEA reduced forecast for crude oil demand.

Coal – Lack of interest in Sept Qtr negotiations for HCC.  China to ban movement of low-quality thermal.

Iron Ore – CISA forecasts China’s 2014 steel output at 830 Mt, implying a stronger Dec HY.

Shipping – Outlook for shipping up on forecast growth of iron ore and coal shipments.

General

Global Steel output.  ó slower.

USA Housing Starts.  ó improved.

Japan Electricity Demand:  ó (seasonally) lower.