Of particular interest this week: 

Gold  Thailand is now a high political risk country.    

Copper:  price responding to manufacturing data improvements.

Nickel:  many moving parts at present in supply / demand. 

Oil:   It is a significant agreement.  Now watch for OPEC members’ compliance, … and USA rig counts.

SUMMARY  

Copper  Positive manufacturing data from USA, Europe & China. 

Nickel  Crunch time for Philippine exports of Ni-laterite ore to China.  

Zinc & Lead  Glencore’s potential production increase is steadying the Zn market.

Tin  Chinese Sn imports up.  Indonesia to increase output in 2017 on higher prices.

Aluminium  Alcoa seeking govt aid to continue Portland operations after major power cut two weeks ago. 

Gold  Kingsgate Consolidated now permitted to operate, a reversal of Thai government position.  

Platinum & Palladium  Fall in Pt prices may be driving lower producer output. 

Oil  OPEC and Non-OPEC agreement to reduce output.  Now watch for compliance.

Coal  Coking coal contract negotiations under way for Mar17Qtr.  A wide spread.  

Iron Ore  Vale awarded go-ahead for S11D. 

Shipping  Cape and Panamax rates firmer. 

General 

Baker Hughes Worldwide rig count – US rig numbers lift on oil price (ahead of OPEC agreement).