Of particular interest this week:
Copper – on the verge of recovery. … and other metals, Ni & Al.
Coal – Export infrastructure in Qld still out. Mines suffered little damage.
Steel – April 2017 Short Run Outlook. China’s slowing outlook outstripped by the rest of the world growing faster.
Copper Copper (& other metals) on the verge of a recovery.
Nickel Battery demand growth should be factored into Ni supply/demand. It is not all about stainless steel.
Zinc & Lead Zinc’s application in agriculture, appears likely to grow, and promote growth.
Tin Major tin producers adopt new compliance code of conduct (along conflict minerals lines).
Aluminium Chinese capacity cuts, plus good economic news, boosting Al prices.
Gold Gold jewellery sales in India are expected to rise sharply on Akshaya Tritiya.
Platinum & Palladium Short supply to be outpaced by increasing demand.
Oil No fundamental evidence to justify this week’s selloff in oil prices.
Coal HCC talks by end May?. Bowen Basin infrastructure still out.
Iron Ore Price at 6mo low. Some analysts say selloff is overdone.
Shipping Cape rates still down after Cyclone Debbie. Panamax rates up on Atlantic Grain.
World Steel – April 2017 Short Run Outlook – rest of the world growth outstrips Chinese growth.