Of particular interest this week:
World Steel – Oct Short Run Outlook
Currencies – USD increasing in value ahead of dismantling QEC
Coal – China to impose import tariffs.
Iron Ore – Glencore interest in iron ore. Export volumes from Australia and Brazil are strong. We should not write it off.
Copper – LME premiums increasing into Europe. Codelco’s premia expected to reduce.
Nickel – Poseidon Nickel (POS) raised capital for restarting Windarra. .
Zinc & Lead – Autos keeping zinc consumption up. Ironbark Zinc (IBG) lodged an application for a 30 yr ML.
Tin – Golden Week (China) saw subdued trading.
Aluminium – Increased Al prices mean smelters are cash +ve, but Chinese smelters are re-starting.
Gold – South African AMCU increasing influence, may trigger strikes in gold sector (next year).
Platinum & Palladium – Prices up despite concerns about economic growth. .
Oil – Libya expects to recover and boost oil output, into a well-supplied market.
Coal – China to reinstate coal import duties on Oct 15.
Iron Ore – Trade data shows strong annual growth in shipments from Australia and Brazil.
Shipping – Freight rates for capesize down this week (Golden Week).
World Steel – Oct. Short-Run Outlook – the world’s consumption is growing faster than China’s.
Currency shifts as USA’s QE is about to end.
Germany – Industrial production, Durable Goods, & Construction