In particular this week:

Copper – China’s SRB is stocking up – which is supported by the Chinese production growth data.

Russia – has been adding to its Central Bank gold holdings for a while.

IEA outlook for Oil prices is low for a while yet.

Metallurgical coal – Chinese inquiry is increasing.

China’s output of industrial product records the slowdown, with the freight traffic hinting that the worst may be over.

 SUMMARY

Copper – SRB buying represents a red flag for those expecting further Chinese economic weakness to translate into lower copper prices.

Nickel – BHP has removed Nickel West assets from the market.

Zinc & Lead – China’s Pb concentrates for Nov reduced sharply.

Tin – Myanmar is rapidly becoming a significant tin supplier.

Aluminium – Ford is taking the plunge – making its best seller (F-150) with aluminium.

Gold – World demand for Au softened in Sept Qtr.  Russia is adding to its gold holding in foreign Reserves.

Platinum & Palladium – Chinese demand for Pt jewellery is the largest single growth driver.

Oil – IEA predicts low oil prices for some time.

Coal  – Inquiries from China for deliveries by end 2014 are increasing.

Iron Ore – ANZ forecasts a price floor for iron ore.

General

Port of Singapore – traffic – slow – except containers!

Japan – Industrial production

China – Freight Transport – appears that the worst of the slowdown may be over.

China – Output of Industrial Products – recording the slowdown (except copper materials).