Of particular interest this week: 

Iron ore – Pt Hedland record output, Nigeria building rail lines.

Nickel – Indonesia to relax export regulations.

Oil:   gains by OPEC may be dampened by USA.

USA & Japan – good economic news.

SUMMARY  

Copper  Sentiment boosted by strong manufacturing data from USA and China. 

Nickel  Draft Indonesian regulations opens way for exports of bauxite, Ni ores and other concentrates.  

Zinc & Lead  Sun Metals, zinc smelter at Townsville, to build a 100 MW solar plant to augment power supply.

Tin  China importing after idling domestic capacity … which may be restarted as Myanmar slows output. 

Aluminium  Alcoa’s Portland smelter has been an expensive investment for Victoria.  … The competitive low power cost advantage has disappeared … where now?

Gold  Prices at three week high, as political uncertainties (USA & Europe) proliferate.  

Platinum & Palladium  Prices have a strong start to 2017, auto-driven. 

Oil  Outlook for (slightly firmer oil prices).  Potential to be cruelled by USA.  see Baker Hughes North American rig counts.

Coal  Spot HCC and thermal prices down on seasonal lull.  China, Indonesia & Germany factors.

Iron Ore  Nigeria to construct railway from iron ore projects / mines to port. 

Shipping  Cape demand is up while Panamax slumped this week.   

General 

Port Hedland – iron ore exports:  at record levels – Total and to China

USA – Construction Spending:  healthy growth rates. 

Japan – Industrial Production:  highest growth rate since June 2014.