Of particular interest this week:
Australian Coal: exports by competitors have suffered much more than Australia’s. Note Indian demand growth.
Gold: Diwali, the monsoon and the Venezuelans
China: Industrial output. Freight (highway) improving.
Copper LME inventories down but Shanghai up. German IP.
Nickel Key drivers to watch in 2016. Norilsk continues buyback.
Zinc & Lead ILZSG outlook for Zn & Pb. Marindi Metals (MZN) intercepts at Prairie are promising.
Tin Elementos (ELT)’s plans for Cleveland Tin.
Aluminium Chinese smelters want electricity price discounts. US smelters make no money at < USD 1,500/t.
Gold Diwali demand for gold dampened by a poor monsoon. Venezuela selling gold Reserves.
Platinum & Palladium Impact Minerals (IPT) additional Pt-Pd drill results, plus Zn-Pb-Ag Broken Hill style intercepts.
Oil World is not short of oil. Is it really Peak Demand we should be looking at?
Coal HCC benchmarks may slip further. Indonesian thermal exports to fall in 2016.
Iron Ore Seasonal slow Chinese period ahead in Nov-Dec. Downward pressure on ore prices. First snow in Beijing.
Shipping Asian bulk freight rates lower this week.
Australia – Coal Exports – growth, at the expense of competitors.
Baker Hughes – World Rig Counts – down further.
China – Freight transport – at record levels, driven by highways. Growth is re-emerging.
China – Industrial Output: emphasis on base metals not on construction nor steel.
USA – PMI: orders and production outlook improving.
USA – Construction Spending: strong.
Japan – Industrial Production: (weakly –ve).
Germany: Industrial Production (weakly up), Durable Goods Orders (up!), Construction (up).