Of particular interest this week:
Copper: Power generation issues and supply.
LME: – contango & backwardation trends
Copper Power generation issues contribute to disruptions to copper supply.
Nickel Jinchuan Group bent on securing raw materials, to support China’s ongoing urbanisation.
Zinc & Lead Zn – Tarago / Woodlawn to reopen after two decades. Pb – “the psychological typhoon eye effect”
Tin Indonesian government restricts forms of Sn that may be exported.
Aluminium Rusal reduces its global aluminium demand forecast.
Gold Gold price fell. Demand increased.
Platinum & Palladium Pt &Pd prices down markedly, likely exaggerated in this small market.
Oil Indonesia to rejoin OPEC. IEA outlook is for a slow recovery of oil prices.
Coal Floor for Aust thermal coal prices. Australian HCC export volumes have held up this year.
Iron Ore Reduced steel consumption in China. Iron ore price support ahead with restock for Chinese NY.
Shipping Capesize freight rates lifted.
LME Contango (Backwardation) – current trends