Of particular interest this week:
Commodity Price Volatilities – driven by the unexpected, rather than by speculators.
OECD Composite leading Indicators – emerging economies to fare better than the advanced.
Oil –Sheik Yamani’s advice, and implication.
Copper Chinese momentum expected to continue, tempered by crackdowns. Freeport McMoRan in Peru.
Nickel France to lend USD 300m to New Caledonia to support Ni-laterite operations.
Zinc & Lead Zn – MMG, CZI, RVR – plans to discover & develop. Pb – 2015 closures of capacity.
Tin Pt Timah significantly reduced tin output in Mar16Qtr.
Aluminium Rusal adds new smelter production to its totals.
Gold Prices surged on FOMC stall.
Platinum & Palladium Russia & Zimbabwe in joint Pt production plans. Russia positioning to dominate Pt industry.
Oil Saudi taking Sheik Yamani’s advice (given in 2000).
Coal Coking coal price increase caught some buyers short.
Iron Ore Chinese steel production rate levelled off mid-April.
Shipping Improvement in rates.
Volatility of Commodity Prices:
OECD – Composite leading Indicators – emerging economies outlook is better than advanced.
USA – Orders to Durable Goods, Vehicles, and Electronic Products and Computers.