Of particular interest this week:
China CNY –weighted Index: further devaluation indicated.
Nickel: Ni demand fed by unexpected stockpiles.
Base metals: World mine output, metal production and metal consumption for each metal.
Copper China’s SRB plans to buy / stockpile copper metal to support smelters, in addition to smelter cuts.
Nickel Ni demand grew in 2015, but growth fed from larger than expected stockpiles.
Zinc & Lead ILZSG forecasts modest Zn deficit in 2016. Chinese levy on Pb-acid batteries in 2016.
Tin Indonesian Sn exports fell markedly in 2015.
Aluminium Noranda Aluminum to idle two potlines in Tennessee.
Gold Gold price ticked up but safe haven rallies are usually short-lived. US jewellery imports increased.
Platinum & Palladium Auto sales are predicted to be robust in 2015.
Oil Aramco may list! It will need to have its Reserves Certified!
Coal USA cuts met-coal output. Australian exports displace US material in Turkey.
Iron Ore China’s steel market expected to improve in 2016. Pt Hedland Shipping steady.
Shipping Rhine River levels up. Baltic activity slid through the end-of-yr period.
Baker Hughes – Rig Counts (Dec)
China – CNY weighted index – some indications for further devaluation.
USA – Construction Spending – strong growth.
Japan – Orders to Machinery – strong (seasonal) growth in selected segments.