Of particular interest this week:

Gold:  IMF growth forecasts

World Drill Rig Count:  some of the improvement is seasonal.

China:  coal imports – coking and thermal,

China:  Industry output

SUMMARY

Copper  Codelco raising funds to expand and explore.

Nickel  LME inventories reduced for fifth week.

Zinc & Lead  Zn: Indian government adding costs to the resources industry.  Concept still incomplete.

Tin  Price in backwardation … but how tight is the market really?

Aluminium  Demand forecast is steady.  Forecast surplus is growing.

Gold  IMF reviewed global growth expectations.

Platinum & Palladium  Pt prices lift from 6 yr low.

Oil  Iran’s response after a nuclear agreement could push oil prices lower.

Coal  China –coking imports down, thermal imports down on seasonal hydro surge.

Iron Ore  Volatility is the new normal.

Shipping  Three cyclones approaching the South China Sea may disrupt freight rates.

General

World Drilling Rig Count – slight improvement after seasonal effects.

China – Output of Industry (May)

Germany – Industrial production, Durable Goods Orders, Construction Orders.