Of particular interest this week:

Zinc – check the TC/RC’s as market indicators.

Oil – change of Saudi minsters

Baker Hughes Rig Counts  (Saudi hit the spot).

SUMMARY

Copper  RIO approved expansion of Oyu Tolgoi. 

Nickel  Nickel inventories still considered too high.  About 60% of producers losing cash at current prices. 

Zinc & Lead  Watch zinc smelter treatment charges for readings on market condition.

Tin  Alphamin – Tin in the Congo, with challenges.  

Aluminium  Shanxi province suspending approvals of all new ferroalloy, aluminium and steel projects. 

Gold  Blackham (BLK) secures hedging to cover start-up at Matilda.  

Platinum & Palladium  Platinum jewellery challenging gold for market demand in Indian cities. 

Oil  Saudi Arabia –change of oil ministers. 

 Coal  Aust met-coal exports down for Mar16Qtr, despite China pickup.      

Iron Ore  Significant part of idled Chinese steel capacity comes back on line. 

Shipping  Cape rates and Panamax rates down. 

General

Baker Hughes Drill Rig Counts – a bit more perspective.  (Saudi may have found the solution it has been seeking). 

USA – Construction Spending – level still high, but growth slowed from July 2015. 

Japan – Industrial Production – down yr-on-yr but picked up in February.