Of particular interest this week:

Zambian political risk – also see the Tin section  … for more on political risk assessments

Singapore shipping traffic.

SUMMARY

Copper  Political risk of Zambian tax and backflip does not phase miners unduly.

Nickel  Short term outlook for stainless steel appears mixed.

Zinc & Lead  Views of 2016 for Zn look stronger according to analysts.  Lead is in surplus.

Tin  Zambian tax proposal and backflip.

Aluminium  Rusal forecasts stronger Al prices by year end.

Gold  Price hugging USD 1200/oz.  US forecast to raise rates (slowly).

Platinum & Palladium  Pt market in deficit.

Oil  Saudi exports decrease and imports.

Coal  HCC settled for Sept Qtr.

Iron Ore  Aust.-Sino FTA may assist trade.  Chinese port ore stocks decreasing.  Appetite for steel reducing.

Shipping  Bulk rates firmed due to iron ore and grains.

General

Port of Singapore Shipping data:  a glimmer of growth … the loom of the light in bulks?

USA        Housing Starts

  • Industrial Production

Japan    Electricity Demand – shrinking a little.