Of particular interest this week:

Price increases forecast for Cu & Ni.

El Nino effects on the east and west sides of the Pacific.

China:  ferrous materials slowing.  non-ferrous showing growth.

Gold – China and other Central Bank’s holdings.

Singapore shipping – growth in bulks (only)!

SUMMARY

Copper  Antofagasta looks for a 2016 improvement in price.  Chile forecasts a 2017 recovery.

Nickel  WSA anticipates price rally in Dec 15 Qtr.  GMFS forecasts stronger prices in 2016.

Zinc & Lead  Hindustan Zinc plans to increase mine output.  GMFS sees modest Zn price uptick in 2016.

Tin  El Nino to boost Indonesian & Malaysian mine production.

Aluminium  Alcoa to begin shipping bauxite to Asian customers in 2016.

Gold  China increased Central Bank Holdings in September.  A comparison with other countries.

Platinum & Palladium  Pt price less than Au price.  Is this a permanent shift?

Oil  USA blocks American oil exploration in the Arctic.

Coal  China’s major miners reduced prices ahead of domestic thermal price contract negotiations.

Iron Ore  BHP comments that it has not seen anyone’s cashflow positive operations being closed.

Shipping  Cape rates softened on lower demand this week.

General

Singapore Shipping – Growth continues.

Baker Hughes Rig Counts – Middle East holding steady.  All other regions reduced.

USA – Industrial Production (slowed down) & Capacity Utilisation – reduced for manufacturing.

China – Industrial output – building materials & ferrous materials slow, but non-ferrous materials have positive growth.